ASEAN: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in ASEAN

The ASEAN animal or vegetable fertilisers market dropped modestly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then declined in the following year.

Production of Animal Or Vegetable Fertilisers in ASEAN

In value terms, animal or vegetable fertilisers production declined to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports in ASEAN

In 2022, the amount of animal or vegetable fertilisers exported in ASEAN shrank to X tons, which is down by X% compared with 2021. Over the period under review, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers exports shrank to $X in 2022. Overall, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of animal or vegetable fertilisers, namely Vietnam, Indonesia and Thailand, represented more than two-thirds of total export. Malaysia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Indonesia ($X), Vietnam ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Indonesia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Imports of Animal Or Vegetable Fertilisers

Imports in ASEAN

After two years of growth, purchases abroad of animal or vegetable fertilisers decreased by X% to X tons in 2022. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, animal or vegetable fertilisers imports reduced to $X in 2022. In general, imports, however, showed slight growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell in the following year.

Imports by Country

Vietnam was the largest importing country with an import of about X tons, which accounted for X% of total imports. Cambodia (X tons) took the second position in the ranking, distantly followed by Myanmar (X tons) and Lao People's Democratic Republic (X tons). All these countries together took approx. X% share of total imports. Malaysia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to animal or vegetable fertilisers imports into Vietnam stood at X%. At the same time, Myanmar (X%), Cambodia (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. While the share of Vietnam (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported animal or vegetable fertilisers in ASEAN, comprising X% of total imports. The second position in the ranking was held by Cambodia ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. In the other countries, the average annual rates were as follows: Cambodia (X% per year) and Myanmar (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a pronounced setback. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Myanmar ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform