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Report Myanmar - NPK Fertilizers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Myanmar - NPK Fertilizers - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Myanmar

In 2022, the Myanmar's NPK fertilizer market was finally on the rise to reach $X after two years of decline. Overall, consumption saw a resilient increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Npk Fertilizer Production in Myanmar

In value terms, NPK fertilizer production rose to $X in 2022 estimated in export price. Overall, production showed a measured expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Npk Fertilizer Exports

Exports from Myanmar

NPK fertilizer exports from Myanmar stood at X tons in 2020, approximately reflecting 2019. In general, exports faced a sharp contraction. The smallest decline of 99.9% was in 2017. The exports peaked at X tons in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

In value terms, NPK fertilizer exports totaled $X in 2020. Over the period under review, exports recorded a sharp decrease. The smallest decline of 99.9% was in 2017. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for NPK fertilizer exports from Myanmar, accounting for a approx. 99.9% share of total exports.

From 2013 to 2020, the average annual rate of growth in terms of volume to Germany was relatively modest.

From 2013 to 2020, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

In 2020, the average NPK fertilizer export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded strong growth. The pace of growth was the most pronounced in 2017 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2013 to 2020, the rate of growth in terms of prices for Germany amounted to 0.0% per year.

Npk Fertilizer Imports

Imports into Myanmar

In 2022, supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 88%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, NPK fertilizer imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a resilient increase. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Vietnam (X tons) and Belgium (X tons) were the main suppliers of NPK fertilizer imports to Myanmar, with a combined 70% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +40.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and South Korea ($X) constituted the largest NPK fertilizer suppliers to Myanmar, with a combined 67% share of total imports. Belgium, the United Arab Emirates, Russia and Thailand lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Belgium, with a CAGR of +32.2%, 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

The average NPK fertilizer import price stood at $X per ton in 2022, with an increase of 49% against the previous year. Overall, the import price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 61%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+38.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of npk fertilizer consumption in 2021 were the United States, India and Vietnam, with a combined 33% share of global consumption. Spain, Indonesia, Russia, South Korea, Brazil, Poland, Ukraine, the UK, Japan and Ireland lagged somewhat behind, together comprising a further 35%.
The countries with the highest volumes of npk fertilizer production in 2021 were the United States, Russia and India, with a combined 39% share of global production.
In value terms, China constituted the largest supplier of npk fertilizer to Myanmar, comprising 43% of total imports. The second position in the ranking was occupied by South Korea, with a 21% share of total imports. It was followed by Thailand, with an 8.4% share.
In 2020, the average npk fertilizer export price amounted to $2,503 per ton, remaining stable against the previous year.
In 2021, the average npk fertilizer import price amounted to $283 per ton, picking up by 19% against the previous year.

This report provides an in-depth analysis of the npk fertilizer market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 4021 -

Country coverage:

  • Myanmar

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Myanmar
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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Free Data: Mixed Nitrogen, Phosphorus and Potassium Fertilizers - Myanmar
Table
Mixed Nitrogen, Phosphorus and Potassium Fertilizers - Myanmar - Table
Dashboard
Mixed Nitrogen, Phosphorus and Potassium Fertilizers - Myanmar - Dashboard
Report
Mixed Nitrogen, Phosphorus and Potassium Fertilizers - Myanmar - Report