Asia-Pacific: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Asia-Pacific

The Asia-Pacific animal or vegetable fertilisers market fell to $X in 2022, standing approx. at the previous year. The total consumption indicated a strong 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, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Animal Or Vegetable Fertilisers in Asia-Pacific

In value terms, animal or vegetable fertilisers production contracted slightly to $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports in Asia-Pacific

Animal or vegetable fertilisers exports soared to X tons in 2022, increasing by X% against 2021 figures. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, animal or vegetable fertilisers exports soared to $X in 2022. Total exports indicated a buoyant 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 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Japan was the key exporting country with an export of about X tons, which resulted at X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%), Vietnam (X%), South Korea (X%) and Indonesia (X%). Thailand (X tons) held a little share of total exports.

Japan was also the fastest-growing in terms of the animal or vegetable fertilisers exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), South Korea (X%), China (X%) and Indonesia (X%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. Japan (X p.p.), India (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, China, Vietnam and Thailand saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X), India ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

India, with a CAGR of X%, saw 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

The export price in Asia-Pacific stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price showed a noticeable setback. 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 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 India ($X per ton), while Japan ($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-Pacific

In 2022, after two years of growth, there was significant decline in purchases abroad of animal or vegetable fertilisers, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, animal or vegetable fertilisers imports amounted to $X in 2022. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Vietnam represented the key importing country with an import of around X tons, which reached X% of total imports. Cambodia (X tons) held the second position in the ranking, followed by Japan (X tons). All these countries together took near X% share of total imports. The following importers - Nepal (X tons), Myanmar (X tons), Lao People's Democratic Republic (X tons), Pakistan (X tons), South Korea (X tons), Malaysia (X tons), Australia (X tons) and India (X tons) - together made up X% 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, Nepal (X%), Pakistan (X%), Myanmar (X%), India (X%), Australia (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-Pacific, 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 Malaysia (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), India ($X) and Cambodia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Myanmar, Japan, Australia, Pakistan, Malaysia, Nepal, South Korea and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Pakistan, with a CAGR of X%, recorded 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked 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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