Eastern Asia: Nitrogenous Fertilizer Market 2025

Nitrogenous Fertilizer Market Size in Eastern Asia

The East Asian nitrogenous fertilizer market rose markedly to $X in 2022, increasing by X% against the previous year. The total consumption indicated a temperate 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 increased by X% against 2014 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Nitrogenous Fertilizer Production in Eastern Asia

In value terms, nitrogenous fertilizer production rose 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 in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Nitrogenous Fertilizer Exports

Exports in Eastern Asia

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. 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. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports reached $X in 2022. Overall, exports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. The following exporters - South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the nitrogenous fertilizers (mineral or chemical) exports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan 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, China ($X) remains the largest nitrogenous fertilizer supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, nitrogenous fertilizer exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. 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 failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($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 mixed trends in the export price figures.

Nitrogenous Fertilizer Imports

Imports in Eastern Asia

In 2022, overseas purchases of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a modest expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, nitrogenous fertilizer imports soared to $X in 2022. Overall, imports posted a notable expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, South Korea (X tons) was the major importer of nitrogenous fertilizers (mineral or chemical), achieving X% of total imports. Japan (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together took near X% share of total imports. China (X tons) took a minor share of total imports.

South Korea was also the fastest-growing in terms of the nitrogenous fertilizers (mineral or chemical) imports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%) and China (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and China saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value in South Korea stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price 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, nitrogenous fertilizer import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

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 China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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