China: Fertilizer Market 2025

Fertilizer Market Size in China

The Chinese fertilizer market expanded sharply to $X in 2022, surging by X% against the previous year. The market 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 in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in China

In value terms, fertilizer production fell modestly 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 remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Fertilizer production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fertilizer Exports

Exports from China

In 2022, overseas shipments of fertilizers decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, total exports indicated a notable 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 pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, fertilizer exports stood at $X in 2022. Overall, exports, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Brazil (X tons), India (X tons) and Vietnam (X tons) were the main destinations of fertilizer exports from China, with a combined X% share of total exports. Turkey, Myanmar, Australia, Indonesia, the Philippines, Malaysia, Thailand, Pakistan, Bangladesh and Japan lagged somewhat behind, together accounting for a further X%.

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

In value terms, Brazil ($X), India ($X) and Bangladesh ($X) constituted the largest markets for fertilizer exported from China worldwide, together accounting for X% of total exports. Australia, Vietnam, Pakistan, Japan, Thailand, Indonesia, the Philippines, Turkey, Myanmar and Malaysia lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price showed a mild expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into China

After two years of decline, purchases abroad of fertilizers increased by X% to X tons in 2022. Overall, total imports indicated a prominent increase 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports soared to $X in 2022. In general, total imports indicated a tangible 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest fertilizer supplier to China, accounting for a X% share of total imports. Moreover, fertilizer imports from Canada exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by Belarus (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Belarus (X% per year).

In value terms, Canada ($X), Russia ($X) and Belarus ($X) constituted the largest fertilizer suppliers to China, together comprising X% of total imports. Israel, Lao People's Democratic Republic, Jordan, Norway and Germany lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Lao People's Democratic Republic, with a CAGR of X%, saw the highest growth rate of 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

The average fertilizer import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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