Malaysia: Fertilizer Market 2024

Fertilizer Market Size in Malaysia

In 2022, the Malaysian fertilizer market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Malaysia

In value terms, fertilizer production dropped to $X in 2022 estimated in export price. In general, production saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from Malaysia

In 2022, exports of fertilizers from Malaysia stood at X tons, almost unchanged from the previous year's figure. Overall, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, fertilizer exports skyrocketed to $X in 2022. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Australia (X tons), Thailand (X tons) and India (X tons) were the main destinations of fertilizer exports from Malaysia, together accounting for X% of total exports.

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 more modest paces of growth.

In value terms, Australia ($X), Thailand ($X) and India ($X) were the largest markets for fertilizer exported from Malaysia worldwide, together comprising X% of total exports. Japan, the Philippines, New Zealand, Papua New Guinea, Myanmar, Indonesia, Chile, Sri Lanka, Romania and Peru lagged somewhat behind, together accounting for a further X%.

Sri Lanka, with a CAGR of X%, recorded the highest growth rate of 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

The average 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 continues to indicate a noticeable increase. As a result, the export price reached 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 Japan ($X per ton), while the average price for exports to Papua New Guinea ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Malaysia

In 2022, supplies from abroad of fertilizers increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a buoyant 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, imports increased by X% against 2020 indices. 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. Overall, imports showed a moderate 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 Russia (X tons) were the main suppliers of fertilizer imports to Malaysia, together comprising X% of total imports. Jordan, Germany, Vietnam, Egypt, Taiwan (Chinese), Japan and Belgium 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 Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer suppliers to Malaysia were Canada ($X), China ($X) and Russia ($X), together accounting for X% of total imports. Jordan, Germany, Vietnam, Belgium, Egypt, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded 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, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :