China - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina'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.
| COUNTRY | Export Value of Nitrogenous Fertilizer in China (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Brazil | 113 | 69.4 | 104 | 87.3 | 133 | 197 | 249 | 301 | 757 | 1,007 | 882 |
| India | 945 | 1,521 | 1,687 | 509 | 259 | 237 | 677 | 793 | 1,222 | 783 | 806 |
| Myanmar | 32.3 | 44.2 | 43.9 | 98.3 | 100 | 106 | 94.5 | 134 | 114 | 241 | 405 |
| South Korea | 127 | 173 | 190 | 135 | 157 | 129 | 152 | 150 | 251 | 251 | 182 |
| Vietnam | 319 | 178 | 215 | 126 | 105 | 114 | 102 | 124 | 311 | 252 | 165 |
| Mexico | 171 | 270 | 243 | 171 | 123 | 58.6 | 87.7 | 116 | 170 | 62.4 | 148 |
| Philippines | 122 | 184 | 145 | 112 | 72.0 | 60.5 | 62.5 | 61.2 | 103 | 172 | 138 |
| Indonesia | 99.0 | 96.6 | 174 | 235 | 124 | 134 | 120 | 136 | 253 | 147 | 104 |
| Others | 1,340 | 2,243 | 2,114 | 1,287 | 849 | 747 | 876 | 783 | 1,252 | 1,992 | 1,281 |
| Total | 3,268 | 4,778 | 4,916 | 2,760 | 1,922 | 1,783 | 2,423 | 2,599 | 4,432 | 4,907 | 4,110 |
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.
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:
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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
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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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
