Philippines: Mixed Fertilizer Market 2025

Mixed Fertilizer Market Size in the Philippines

The Philippine mixed fertilizer market contracted slightly to $X in 2022, leveling off at the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.1% against 2019 indices. Mixed fertilizer consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Mixed Fertilizer Production in the Philippines

In value terms, mixed fertilizer production reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.0% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 27%. Mixed fertilizer production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from the Philippines

In 2022, shipments abroad of mixed fertilizers decreased by -23.6% to X tons, falling for the second year in a row after five years of growth. In general, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 626% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed fertilizer exports soared to $X in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 647% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for mixed fertilizer exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to -15.9%.

In value terms, Vietnam ($X) also remains the key foreign market for mixed fertilizers exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Vietnam amounted to -12.6%.

Export Prices by Country

In 2022, the average mixed fertilizer export price amounted to $X per ton, increasing by 116% against the previous year. In general, the export price showed notable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +70.0% per year.

Mixed Fertilizer Imports

Imports into the Philippines

In 2022, overseas purchases of mixed fertilizers were finally on the rise to reach X tons after two years of decline. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.4% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 35%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, mixed fertilizer imports surged to $X in 2022. In general, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mixed fertilizer to the Philippines, accounting for a 67% share of total imports. Moreover, mixed fertilizer imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. Vietnam (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+10.1% per year) and Vietnam (-1.4% per year).

In value terms, China ($X) constituted the largest supplier of mixed fertilizers to the Philippines, comprising 66% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+15.1% per year) and Vietnam (+4.4% per year).

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, increasing by 73% against the previous year. Overall, the import price recorded a notable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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