Asia-Pacific: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Asia-Pacific

For the sixth year in a row, the Asia-Pacific nitrogenous fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Nitrogenous Fertilizer Production in Asia-Pacific

In value terms, nitrogenous fertilizer production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to continue growth in years to come.

Nitrogenous Fertilizer Exports

Exports in Asia-Pacific

In 2022, shipments abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. 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. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, nitrogenous fertilizer exports surged to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 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 held near X% share of total exports. South Korea (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Brunei Darussalam (X%), Malaysia (X%), Indonesia (X%), Taiwan (Chinese) (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), China (X p.p.) and Brunei Darussalam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms 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

The export price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Taiwan (Chinese) ($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.

Nitrogenous Fertilizer Imports

Imports in Asia-Pacific

In 2022, purchases abroad of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons, rising for the fifth year in a row after two years of decline. 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. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

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

Imports by Country

In 2022, India (X tons) was the key importer of nitrogenous fertilizers (mineral or chemical), making up X% of total imports. Australia (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%) and Vietnam (X%). The Philippines (X tons), Malaysia (X tons), South Korea (X tons), Indonesia (X tons), Pakistan (X tons), New Zealand (X tons), Bangladesh (X tons) and Sri Lanka (X tons) took a relatively small share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Sri Lanka (X%), Australia (X%), South Korea (X%), the Philippines (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia and New Zealand experienced a relatively flat trend pattern. By contrast, Pakistan (X%), Vietnam (X%), Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. India (X p.p.) and Australia (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Pakistan, Indonesia, Vietnam and Thailand saw its share reduced by X%, X%, X%, 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 ($X) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: 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 New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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