Report Update Nov 1, 2024

China - NPK Fertilizers - Market Analysis, Forecast, Size, Trends and Insights

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China: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in China

The Chinese NPK fertilizer market contracted sharply to $X in 2022, falling by -83.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a sharp decline. Consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Npk Fertilizer Exports

Exports from China

In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -11% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 694% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, NPK fertilizer exports surged to $X in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2018 with an increase of 558% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Myanmar (X tons), the Philippines (X tons) and Vietnam (X tons) were the main destinations of NPK fertilizer exports from China, with a combined 48% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +272.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Myanmar ($X) and Vietnam ($X) appeared to be the largest markets for NPK fertilizer exported from China worldwide, together accounting for 40% of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +252.8%, recorded the highest rates of growth with regard to 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 average NPK fertilizer export price amounted to $X per ton, surging by 56% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Myanmar ($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 Zambia (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into China

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were imported into China; falling by -42.1% against the year before. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, NPK fertilizer imports declined markedly to $X in 2022. Overall, imports saw a pronounced reduction. The growth pace was the most rapid in 2018 with an increase of 45%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X tons), Norway (X tons) and Belgium (X tons) were the main suppliers of NPK fertilizer imports to China, together accounting for 82% of total imports. Finland, Israel, Germany and Romania lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +9.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest NPK fertilizer suppliers to China were Norway ($X), Russia ($X) and Belgium ($X), with a combined 71% share of total imports. Finland, Israel, Germany and Romania lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Israel, with a CAGR of +12.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2022, increasing by 39% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer import price increased by +67.6% 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 origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixed nitrogen, phosphorus and potassium (npk) fertilizers in the world?

The countries with the highest volumes of npk fertilizer consumption in 2021 were the United States, India and Vietnam, together comprising 33% of global consumption. These countries were followed by Spain, Indonesia, Russia, South Korea, Brazil, Poland, Ukraine, the UK, Japan and Ireland, which together accounted for a further 35%.

What are the largest producers of mixed nitrogen, phosphorus and potassium (npk) fertilizers in the world?

The countries with the highest volumes of npk fertilizer production in 2021 were the United States, Russia and India, with a combined 39% share of global production.

What are the leading suppliers of mixed nitrogen, phosphorus and potassium (npk) fertilizers to China?

In value terms, Norway, Belgium and Russia were the largest npk fertilizer suppliers to China, with a combined 72% share of total imports. Finland, Romania and Germany lagged somewhat behind, together accounting for a further 14%.

What are the leading importers of mixed nitrogen, phosphorus and potassium (npk) fertilizers from China?

In value terms, the Philippines, Myanmar and Mozambique were the largest markets for npk fertilizer exported from China worldwide, together comprising 49% of total exports. These countries were followed by Lao People's Democratic Republic, Vietnam, Malaysia, Thailand, Tanzania, Japan, Indonesia, Mexico and Angola, which together accounted for a further 37%.

What is the average export price for mixed nitrogen, phosphorus and potassium (npk) fertilizers in China?

The average npk fertilizer export price stood at $359 per ton in 2021, jumping by 21% against the previous year.

What is the average import price for mixed nitrogen, phosphorus and potassium (npk) fertilizers in China?

In 2021, the average npk fertilizer import price amounted to $459 per ton, with an increase of 3.7% against the previous year.

This report provides an in-depth analysis of the npk fertilizer market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4021 -

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023