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Hong Kong SAR, China - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 1, 2025

Hong Kong SAR, China - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights

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Jan 31, 2025

Hong Kong Sees 50% Drop in NPK Fertilizer Imports, Now Valued at $3.6M for 2024

Hong Kong NPK Fertilizer Imports

In 2024, approx. 1.8K tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were imported into Hong Kong; waning by -47.8% on the previous year's figure. In general, imports, however, saw a pronounced increase. The pace of growth was the most pronounced in 2020 when imports increased by 95% against the previous year. Imports peaked at 4.1K tons in 2022; however, from 2023 to 2024, imports remained at a lower figure.

In value terms, NPK fertilizer imports fell significantly to $3.6M (IndexBox estimates) in 2024. Overall, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year. Over the period under review, imports hit record highs at $7.2M in 2023, and then dropped notably in the following year.Hong Kong NPK Fertilizer Imports By Country (Thousand USD)

COUNTRYImport Value of NPK Fertilizer in Hong Kong (thousand USD)
20142015201620172018201920202021202220232024
Netherlands1081041901981642343435172,5893,0111,446
United States3104124633423192493342,0031,1772,5941,246
BelgiumN/A18.89.9N/A1982209623261,765716443
Germany32036256025728312588.797.0112308148
China84.420.941.010212984.1156109104212102
Canada18520697.211711420314512422920497.8
Japan62.880.998.180.147.498.919015121749.765.8
Others21018027212275.511320018611983.848.5
Total1,2801,3851,7311,2191,3291,3272,4193,5136,3127,1793,597

Imports by Country

the United States (668 tons), the Netherlands (517 tons) and Belgium (312 tons) were the main suppliers of NPK fertilizer imports to Hong Kong, with a combined 82% share of total imports.

From 2014 to 2024, the biggest increases were recorded for Belgium (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($1.4M), the United States ($1.2M) and Belgium ($443K) appeared to be the largest NPK fertilizer suppliers to Hong Kong, together comprising 87% of total imports.

Belgium, with a CAGR of +42.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2024, the npk fertilizer price stood at $1,969 per ton (CIF, Hong Kong), which is down by -4.1% against the previous year. In general, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 56%. Over the period under review, average import prices hit record highs at $2,052 per ton in 2023, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($2,797 per ton), while the price for Germany ($1,065 per ton) was amongst the lowest.

From 2014 to 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the npk fertilizer market in Hong Kong SAR, 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 4021 -

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, 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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