Asia-Pacific: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in Asia-Pacific

The Asia-Pacific phosphatic fertilizer market fell significantly to $X in 2022, waning by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then contracted notably in the following year.

Phosphatic Fertilizer Production in Asia-Pacific

In value terms, phosphatic fertilizer production reached $X in 2022 estimated in export price. In general, production, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Phosphatic Fertilizer Exports

Exports in Asia-Pacific

In 2022, approx. X tons of phosphatic fertilizers were exported in Asia-Pacific; with a decrease of X% on the year before. Over the period under review, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, phosphatic fertilizer exports reduced to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China was the major exporter of phosphatic fertilizers in Asia-Pacific, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), achieving a X% share of total exports. The following exporters - India (X tons), Indonesia (X tons) and Australia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to phosphatic fertilizer exports from China stood at X%. At the same time, India (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Australia and Indonesia experienced a relatively flat trend pattern. While the share of Vietnam (X p.p.) and India (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, phosphatic fertilizer exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Export price indicated a mild increase 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, phosphatic fertilizer export price increased by X% against 2020 indices. As a result, the export price attained the peak level 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 China ($X per ton), while India ($X per ton) was amongst the lowest.

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

Phosphatic Fertilizer Imports

Imports in Asia-Pacific

Phosphatic fertilizer imports fell modestly to X tons in 2022, reducing by X% compared with the year before. The total import volume 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphatic fertilizer imports soared to $X in 2022. In general, imports, however, showed a pronounced expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Indonesia was the major importing country with an import of about X tons, which reached X% of total imports. Bangladesh (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons), Australia (X tons) and Cambodia (X tons). All these countries together held approx. X% share of total imports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in Bangladesh totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (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, picking up by X% against the previous year. Import price indicated temperate growth 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, phosphatic fertilizer import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform