Asia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Asia

The Asian potassic fertilizer market surged to $X in 2022, jumping by X% against the previous year. The total consumption indicated a tangible 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in Asia

In value terms, potassic fertilizer production shrank slightly to $X in 2022 estimated in export price. The total output value 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 pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Potassic Fertilizer Exports

Exports in Asia

In 2022, overseas shipments of potassic fertilizers decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassic fertilizer exports reduced to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Lao People's Democratic Republic was the key exporter of potassic fertilizers in Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Uzbekistan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%), Vietnam (X%) and Malaysia (X%). The following exporters - Turkmenistan (X tons), Thailand (X tons) and Kazakhstan (X tons) - together made up X% of total exports.

Exports from Lao People's Democratic Republic increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkmenistan (X%), Kazakhstan (X%), Vietnam (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Uzbekistan experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. Lao People's Democratic Republic (X p.p.), Uzbekistan (X p.p.), Vietnam (X p.p.), Turkmenistan (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and China 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, Lao People's Democratic Republic ($X), Uzbekistan ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Malaysia, Vietnam, Kazakhstan, Thailand and Turkmenistan lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Turkmenistan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in Asia

In 2022, imports of potassic fertilizers in Asia skyrocketed to X tons, picking up by X% against the previous year. Total imports indicated buoyant growth 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2022, China (X tons) represented the largest importer of potassic fertilizers, mixing up X% of total imports. It was distantly followed by Indonesia (X tons), India (X tons), Malaysia (X tons), South Korea (X tons) and Thailand (X tons), together comprising a X% share of total imports. Japan (X tons) held 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, China ($X), Indonesia ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Malaysia, Thailand, South Korea and Japan lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Thailand, 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 amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

Frequently Asked Questions (FAQ) :