Malaysia: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Malaysia

The Malaysian NPK fertilizer market soared to $X in 2022, jumping by 40% against the previous year. Over the period under review, consumption, however, continues to indicate a drastic downturn. Consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Npk Fertilizer Production in Malaysia

In value terms, NPK fertilizer production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic descent. The pace of growth was the most pronounced in 2017 with an increase of 59% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Npk Fertilizer Exports

Exports from Malaysia

After four years of decline, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers increased by 3.4% to X tons in 2022. Over the period under review, exports, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 when exports increased by 124% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, NPK fertilizer exports shrank to $X in 2022. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 74% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for NPK fertilizer exports from Malaysia, accounting for a 58% share of total exports. Moreover, NPK fertilizer exports to Indonesia exceeded the volume sent to the second major destination, Liberia (X tons), eightfold. The Philippines (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (+7.1% per year) and the Philippines (+17.0% per year).

In value terms, Indonesia ($X) remains the key foreign market for mixed nitrogen, phosphorus and potassium (NPK) fertilizers exports from Malaysia, comprising 45% of total exports. The second position in the ranking was taken by the Philippines ($X), with an 8.5% share of total exports. It was followed by Madagascar, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+15.0% per year) and Madagascar (+80.9% per year).

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2022, declining by -11.2% against the previous year. Overall, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 25%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while the average price for exports to Ghana ($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 Myanmar (+1.0%), while the prices for the other major destinations experienced a decline.

Npk Fertilizer Imports

Imports into Malaysia

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were imported into Malaysia; growing by 40% against 2021. Over the period under review, imports, however, recorded a deep reduction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, NPK fertilizer imports surged to $X in 2022. In general, imports, however, showed a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and Belgium (X tons) were the main suppliers of NPK fertilizer imports to Malaysia, with a combined 39% share of total imports. Norway, Lithuania, the Netherlands, Egypt, India, Italy, Belarus, Finland, Vietnam and South Korea lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Belgium ($X) and the Netherlands ($X) were the largest NPK fertilizer suppliers to Malaysia, with a combined 39% share of total imports. Norway, Russia, Lithuania, Italy, India, Egypt, Finland, Belarus, Vietnam and South Korea lagged somewhat behind, together comprising a further 23%.

Lithuania, with a CAGR of +20.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, falling by -14.3% against the previous year. Over the period under review, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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