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China - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

China - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights

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Jul 5, 2024

China's Nitrogenous Fertilizer Exports Drop Significantly to $4.1B in 2023

China Nitrogenous Fertilizer Exports

Nitrogenous fertilizer exports from China surged to 19M tons in 2023, increasing by 21% against the previous year. Overall, total exports indicated notable growth from 2013 to 2023: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +86.6% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 58%. The exports peaked at 20M tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports fell remarkably to $4.1B (IndexBox estimates) in 2023. Over the period under review, exports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports reached the maximum at $4.9B in 2015; however, from 2016 to 2023, the exports failed to regain momentum.China Nitrogenous Fertilizer Exports By Country (Million USD)

COUNTRYExport Value of Nitrogenous Fertilizer in China (million USD)
20132014201520162017201820192020202120222023
Brazil11369.410487.31331972493017571,007882
India9451,5211,6875092592376777931,222783806
Myanmar32.344.243.998.310010694.5134114241405
South Korea127173190135157129152150251251182
Vietnam319178215126105114102124311252165
Mexico17127024317112358.687.711617062.4148
Philippines12218414511272.060.562.561.2103172138
Indonesia99.096.6174235124134120136253147104
Others1,3402,2432,1141,2878497478767831,2521,9921,281
Total3,2684,7784,9162,7601,9221,7832,4232,5994,4324,9074,110

Exports by Country

Brazil (5.1M tons) was the main destination for nitrogenous fertilizer exports from China, with a 28% share of total exports. Moreover, nitrogenous fertilizer exports to Brazil exceeded the volume sent to the second major destination, India (2.4M tons), twofold. Myanmar (1.7M tons) ranked third in terms of total exports with a 9% share.

From 2013 to 2023, the average annual growth rate of volume to Brazil totaled +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-2.4% per year) and Myanmar (+36.7% per year).

In value terms, the largest markets for nitrogenous fertilizer exported from China were Brazil ($882M), India ($806M) and Myanmar ($405M), with a combined 51% share of total exports.

Among the main countries of destination, Myanmar, with a CAGR of +28.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Ammonium sulphate (14M tons) was the largest type of nitrogenous fertilizers (mineral or chemical) exported from China, with a 74% share of total exports. Moreover, ammonium sulphate exceeded the volume of the second product type, urea (4.3M tons), threefold. The third position in this ranking was held by nitrogenous fertilizers n.e.c. (614K tons), with a 3.3% share.

From 2013 to 2023, the average annual rate of growth in terms of the volume of ammonium sulphate exports stood at +16.8%. With regard to the other exported products, the following average annual rates of growth were recorded: urea (-6.4% per year) and nitrogenous fertilizers n.e.c. (+19.6% per year).

In value terms, ammonium sulphate ($2.3B), urea ($1.6B) and nitrogenous fertilizers n.e.c. ($165M) appeared to be the most exported types of nitrogenous fertilizers (mineral or chemical) from China worldwide, together accounting for 99% of total exports.

Ammonium sulphate, with a CAGR of +17.4%, saw the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.

Export Prices by Country

In 2023, the nitrogenous fertilizer price stood at $220 per ton (FOB, China), with a decrease of -30.5% against the previous year. In general, the export price continues to indicate a noticeable contraction. The growth pace was the most rapid in 2021 when the average export price increased by 53%. Over the period under review, the average export prices hit record highs at $317 per ton in 2022, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($371 per ton), while the average price for exports to Indonesia ($158 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nitrogenous fertilizer market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 4001 -
  • FCL 4002 -
  • FCL 4003 -
  • FCL 4004 -
  • FCL 4005 -
  • FCL 4006 -
  • FCL 4008 -

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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