Indonesia: Fertilizer Market 2024

Fertilizer Market Size in Indonesia

In 2022, the Indonesian fertilizer market increased by X% to $X, rising for the second year in a row after two years of decline. 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 Indonesia

In value terms, fertilizer production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fertilizer Exports

Exports from Indonesia

In 2022, overseas shipments of fertilizers decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, fertilizer exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons), Australia (X tons) and the Philippines (X tons) were the main destinations of fertilizer exports from Indonesia, with a combined X% share of total exports. Chile, Peru, Argentina, Malaysia, Mozambique, Vietnam, Sri Lanka, Thailand, Mexico and China 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 Chile (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), India ($X) and the Philippines ($X) were the largest markets for fertilizer exported from Indonesia worldwide, with a combined X% share of total exports. Chile, Argentina, Malaysia, Mozambique, Peru, Vietnam, Sri Lanka, Thailand, China and Mexico lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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, rising by X% against the previous year. In general, the export price recorded a notable increase. The pace of growth was the most pronounced 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 the near future.

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

Fertilizer Imports

Imports into Indonesia

In 2022, the amount of fertilizers imported into Indonesia soared to X tons, growing by X% against 2021. In general, total imports indicated a prominent 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, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports soared to $X in 2022. Over the period under review, imports saw a pronounced increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Russia (X tons) and China (X tons) were the main suppliers of fertilizer imports to Indonesia, with a combined X% share of total imports. Egypt, Jordan, Lao People's Democratic Republic, Australia and Belarus lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

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

The average fertilizer import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Egypt ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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