Japan: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Japan

In 2022, the Japanese nitrogenous fertilizer market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a perceptible slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Nitrogenous Fertilizer Production in Japan

In value terms, nitrogenous fertilizer production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports from Japan

In 2022, exports of nitrogenous fertilizers (mineral or chemical) from Japan declined dramatically to X tons, waning by X% on the previous year's figure. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports surged to $X in 2022. Over the period under review, exports recorded a perceptible decline. 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 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 nitrogenous fertilizer exports from Japan, with a combined X% share of total exports. South Korea, India and Australia lagged somewhat behind, together comprising 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 India (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the Philippines ($X), Vietnam ($X) and Malaysia ($X) appeared to be the largest markets for nitrogenous fertilizer exported from Japan worldwide, together comprising X% of total exports. South Korea, Australia and India lagged somewhat behind, together comprising a further X%.

Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average nitrogenous fertilizer export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw notable growth. 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 Australia ($X per ton), while the average price for exports to Malaysia ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Japan

In 2022, nitrogenous fertilizer imports into Japan skyrocketed to X tons, jumping by X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), China (X tons) and Saudi Arabia (X tons) were the main suppliers of nitrogenous fertilizer imports to Japan, together comprising X% of total imports.

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

In value terms, Malaysia ($X) constituted the largest supplier of nitrogenous fertilizers (mineral or chemical) to Japan, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the average nitrogenous fertilizer import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price posted notable growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 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 Vietnam ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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