China: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in China

The Chinese nitrogenous fertilizer market expanded rapidly to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a mild 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, consumption decreased by X% against 2020 indices. Nitrogenous fertilizer consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Nitrogenous Fertilizer Production in China

In value terms, nitrogenous fertilizer production reached $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports from China

In 2022, overseas shipments of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a remarkable 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. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2015; afterwards, it flattened through to 2022.

Exports by Country

Brazil (X tons) was the main destination for nitrogenous fertilizer exports from China, accounting for a X% share of total exports. Moreover, nitrogenous fertilizer exports to Brazil exceeded the volume sent to the second major destination, India (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Turkey (X% per year).

In value terms, the largest markets for nitrogenous fertilizer exported from China were Brazil ($X), India ($X) and Turkey ($X), together accounting for X% of total exports.

Among the main countries of destination, Turkey, with a CAGR of X%, 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

The average nitrogenous fertilizer export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. The export price 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 destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Romania ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into China

In 2022, imports of nitrogenous fertilizers (mineral or chemical) into China fell dramatically to X tons, waning by X% on the previous year's figure. Overall, imports faced a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, nitrogenous fertilizer imports shrank significantly to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of nitrogenous fertilizer to China, accounting for a X% share of total imports. Moreover, nitrogenous fertilizer imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Uzbekistan (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Uzbekistan (X% per year).

In value terms, the largest nitrogenous fertilizer suppliers to China were Norway ($X), Germany ($X) and Italy ($X), together accounting for X% of total imports. Uzbekistan, the UK, Belgium, Poland, Japan, the Netherlands, the Czech Republic, India and France lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per ton in 2021, and then plummeted in the following year.

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

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

Source: IndexBox Platform

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