Japan: Fertilizer Market 2024

Fertilizer Market Size in Japan

In 2022, the Japanese fertilizer market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a mild downturn. Fertilizer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fertilizer Production in Japan

In value terms, fertilizer production reduced modestly to $X in 2022 estimated in export price. In general, production showed a perceptible reduction. 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 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from Japan

Fertilizer exports from Japan contracted rapidly to X tons in 2022, which is down by X% compared with 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, fertilizer exports expanded significantly to $X in 2022. Over the period under review, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of fertilizer exports from Japan, with a combined X% share of total exports. South Korea, the United States, China, India and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Vietnam ($X) and the United States ($X) were the largest markets for fertilizer exported from Japan worldwide, with a combined X% share of total exports. Malaysia, South Korea, Australia, China and India lagged somewhat behind, together comprising a further X%.

India, 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, surging by X% against the previous year. Overall, export price indicated a moderate 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, fertilizer export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Japan

In 2022, purchases abroad of fertilizers increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed 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 skyrocketed to $X in 2022. In general, imports saw a perceptible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of fertilizer imports to Japan, with a combined X% share of total imports. Morocco, Jordan, the United States, South Korea and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Canada ($X) and Malaysia ($X) were the largest fertilizer suppliers to Japan, with a combined X% share of total imports. Morocco, Jordan, the United States, South Korea and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Morocco, 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

In 2022, the average fertilizer import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated a slight increase 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, fertilizer import price increased by X% against 2020 indices. As a result, import price attained 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 Morocco ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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