Malaysia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Malaysia

The Malaysian nitrogenous fertilizer market rose rapidly to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a perceptible decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nitrogenous Fertilizer Production in Malaysia

In value terms, nitrogenous fertilizer production declined to $X in 2022 estimated in export price. In general, production recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Nitrogenous fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nitrogenous Fertilizer Exports

Exports from Malaysia

In 2022, exports of nitrogenous fertilizers (mineral or chemical) from Malaysia amounted to X tons, leveling off at 2021. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, nitrogenous fertilizer exports skyrocketed to $X in 2022. In general, exports showed buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), Thailand (X tons) and India (X tons) were the main destinations of nitrogenous fertilizer exports from Malaysia, with a combined X% share of total exports.

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, Australia ($X), Thailand ($X) and India ($X) appeared to be the largest markets for nitrogenous fertilizer exported from Malaysia worldwide, together accounting for X% of total exports.

Among the main countries of destination, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: 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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Malaysia

In 2022, approx. X tons of nitrogenous fertilizers (mineral or chemical) were imported into Malaysia; approximately equating 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, nitrogenous fertilizer imports skyrocketed to $X in 2022. Overall, imports, however, showed pronounced growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of nitrogenous fertilizer to Malaysia, with a X% share of total imports. Moreover, nitrogenous fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. Russia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Russia (X% per year).

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

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

Import Prices by Country

In 2022, the average nitrogenous fertilizer import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price enjoyed a pronounced increase. 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 Oman ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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