Asia-Pacific: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Asia-Pacific

The Asia-Pacific potassic fertilizer market soared to $X in 2022, increasing 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in Asia-Pacific

In value terms, potassic fertilizer production shrank modestly to $X in 2022 estimated in export price. The total production indicated pronounced 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 most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Potassic Fertilizer Exports

Exports in Asia-Pacific

In 2022, shipments abroad of potassic fertilizers decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassic fertilizer exports shrank markedly to $X in 2022. In general, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic represented the key exporting country with an export of about X tons, which resulted at X% of total exports. China (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%) and Malaysia (X%). The following exporters - Thailand (X tons), Indonesia (X tons) and South Korea (X tons) - each recorded a X% share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the potassic fertilizers exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Indonesia (X%), South Korea (X%) and China (X%) illustrated a downward trend over the same period. Lao People's Democratic Republic (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, South Korea and China saw its share reduced by 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, the largest potassic fertilizer supplying countries in Asia-Pacific were Lao People's Democratic Republic ($X), China ($X) and Malaysia ($X), with a combined X% share of total exports.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 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 South Korea ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in Asia-Pacific

In 2022, the amount of potassic fertilizers imported in Asia-Pacific soared to X tons, with an increase of X% against the year before. Total imports indicated a buoyant 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, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports surged to $X in 2022. Total imports indicated a perceptible 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, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the largest importer of potassic fertilizers, committing X% of total imports. Indonesia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%), Malaysia (X%), South Korea (X%) and Thailand (X%). Japan (X tons) took a relatively small share of total imports.

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

In value terms, the largest potassic fertilizer importing markets in Asia-Pacific were China ($X), Indonesia ($X) and India ($X), together comprising X% of total imports. Malaysia, Thailand, South Korea and Japan lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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