The market is dominated by domestic suppliers, as imports account for 14.3% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. Saudi Arabia has the seventh largest market size for fertilisers and nitrogen compounds regionally, with demand reaching USD562 million in 2023. Saudi Arabian Mining Co (Maaden) is the largest company in Saudi Arabia, generating 53.9% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 74.8% of total production value in 2023. The total number of companies increases in 2023, to 190 units. The costs of the industry decrease by 5.2% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 21.0% of production value in 2023, the second highest regionally. The industry’s exports share decreases in 2023 to 90.2% of total production output. With production value of USD4.8 billion, Saudi Arabia accounts for 20.9% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Fertilisers and Nitrogen Compounds in Saudi Arabia: ISIC 2412. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Fertilisers and Nitrogen Compounds in Saudi Arabia: ISIC 2412 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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