Key Market Indicators
Saudi Arabia's fertilizer imports are set to decrease 7.2% year-on-year, from 6,100 metric tons in 2021 to nearly 4,000 metric tons by 2026, according to the CAGR. Since 2007, the country's demand has decreased 17.2% year-on-year. In 2021, Saudi Arabia ranked 114th in imports, with El Salvador ahead at 6,100 metric tons. Brazil, Spain, and Thailand came in at numbers two, three, and four, respectively. Meanwhile, Saudi Arabia's fertilizer exports are set to increase 4.4% year-on-year, from 83,610 metric tons in 2021 to 109,360 metric tons by 2026. Since 2007, the country's supply has grown 41.3% year-on-year. In 2021, Saudi Arabia ranked 29th in exports, with Denmark at 83,610 metric tons. Norway, Belgium, and Finland came in at numbers two, three, and four, respectively.