Asia-Pacific: Fertilizer Market 2025

Fertilizer Market Size in Asia-Pacific

The Asia-Pacific fertilizer market rose markedly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Asia-Pacific

In value terms, fertilizer production fell slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fertilizer Exports

Exports in Asia-Pacific

In 2022, after five years of growth, there was significant decline in overseas shipments of fertilizers, when their volume decreased by X% to X tons. Total exports indicated a pronounced expansion from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, fertilizer exports stood at $X in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) held the second position in the ranking, followed by Indonesia (X tons). All these countries together took approx. X% share of total exports. South Korea (X tons), Vietnam (X tons), Australia (X tons) and Lao People's Democratic Republic (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fertilizer exports from China stood at X%. At the same time, Lao People's Democratic Republic (X%), Malaysia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Vietnam and Australia experienced a relatively flat trend pattern. By contrast, South Korea (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), China (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fertilizer supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

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

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price 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, fertilizer export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Australia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Fertilizer Imports

Imports in Asia-Pacific

Fertilizer imports soared to X tons in 2022, growing by X% against the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the major importing country with an import of about X tons, which accounted for X% of total imports. China (X tons) held the second position in the ranking, followed by Indonesia (X tons), Australia (X tons), Malaysia (X tons) and Thailand (X tons). All these countries together held near X% share of total imports. The following importers - Vietnam (X tons), South Korea (X tons), Bangladesh (X tons), the Philippines (X tons), Japan (X tons), Pakistan (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to fertilizer imports into India stood at X%. At the same time, Taiwan (Chinese) (X%), South Korea (X%), Australia (X%), Indonesia (X%), China (X%), Malaysia (X%), the Philippines (X%), Bangladesh (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Pakistan and Thailand experienced a relatively flat trend pattern. By contrast, Vietnam (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported fertilizers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Australia, with a X% share.

In India, fertilizer imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Australia (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Australia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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