Asia: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Asia

The Asian animal or vegetable fertilisers market contracted slightly to $X in 2022, shrinking by X% against the previous year. The total consumption indicated buoyant 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, consumption increased by X% against 2012 indices. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Production of Animal Or Vegetable Fertilisers in Asia

In value terms, animal or vegetable fertilisers production dropped slightly to $X in 2022 estimated in export price. The total production indicated a resilient expansion 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 most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports in Asia

In 2022, the amount of animal or vegetable fertilisers exported in Asia surged to X tons, rising by X% against 2021 figures. In general, exports saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, animal or vegetable fertilisers exports surged to $X in 2022. Total exports indicated a remarkable increase 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Japan represented the major exporting country with an export of around X tons, which finished at X% of total exports. China (X tons) took the second position in the ranking, distantly followed by India (X tons), Vietnam (X tons) and South Korea (X tons). All these countries together took near X% share of total exports. Indonesia (X tons), Turkey (X tons), Thailand (X tons), Sri Lanka (X tons) and Saudi Arabia (X tons) followed a long way behind the leaders.

Exports from Japan increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Sri Lanka (X%), India (X%), South Korea (X%), China (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, India, Turkey, South Korea and Sri Lanka increased by X, X, X, X and X percentage points, respectively.

In value terms, the largest animal or vegetable fertilisers supplying countries in Asia were China ($X), India ($X) and Japan ($X), together accounting for X% of total exports. Turkey, Indonesia, South Korea, Vietnam, Thailand, Sri Lanka and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a 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 India ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Imports of Animal Or Vegetable Fertilisers

Imports in Asia

In 2022, overseas purchases of animal or vegetable fertilisers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, animal or vegetable fertilisers imports reached $X in 2022. In general, imports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Vietnam prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. Cambodia (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%). Nepal (X tons), Myanmar (X tons), Lao People's Democratic Republic (X tons), Pakistan (X tons), South Korea (X tons), Malaysia (X tons) and India (X tons) took a relatively small share of total imports.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%), Pakistan (X%), Myanmar (X%), India (X%), Cambodia (X%), South Korea (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Nepal (X p.p.), Myanmar (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest animal or vegetable fertilisers importing markets in Asia were Vietnam ($X), India ($X) and Cambodia ($X), together accounting for X% of total imports. Myanmar, Japan, Pakistan, Malaysia, Nepal, South Korea and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Vietnam ($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

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