Report Update Nov 1, 2024

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

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Philippines: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in the Philippines

The Philippine NPK fertilizer market skyrocketed to $X in 2022, growing by 58% against the previous year. Over the period under review, consumption enjoyed a strong expansion. Consumption peaked in 2022 and is likely to see gradual growth in the near future.

Npk Fertilizer Production in the Philippines

In value terms, NPK fertilizer production surged to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 169% against the previous year. Production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Npk Fertilizer Exports

Exports from the Philippines

In 2022, shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -57% to X tons, falling for the second year in a row after five years of growth. Overall, exports showed a precipitous setback. The pace of growth was the most pronounced in 2017 when exports increased by 1,319% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, NPK fertilizer exports contracted sharply to $X in 2022. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 1,522%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam stood at -19.4%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled -16.8%.

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2022, increasing by 92% against the previous year. Over the period under review, the export price recorded a notable increase. As a result, the export price reached 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 Vietnam amounted to +3.2% per year.

Npk Fertilizer Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded decline in overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, which decreased by -11.4% to X tons in 2022. In general, imports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 38% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, NPK fertilizer imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest NPK fertilizer supplier to the Philippines, accounting for a 41% share of total imports. Moreover, NPK fertilizer imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a 19% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+5.3% per year) and Vietnam (+16.8% per year).

In value terms, China ($X) constituted the largest supplier of mixed nitrogen, phosphorus and potassium (NPK) fertilizers to the Philippines, comprising 39% of total imports. The second position in the ranking was held by Vietnam ($X), with a 19% share of total imports. It was followed by South Korea, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+21.2% per year) and South Korea (+10.1% per year).

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, increasing by 79% against the previous year. Over the period under review, the import price showed a measured expansion. As a result, import price reached 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 Belgium ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixed nitrogen, phosphorus and potassium (npk) fertilizers in the world?

The countries with the highest volumes of npk fertilizer consumption in 2021 were the United States, India and Vietnam, together comprising 33% of global consumption. These countries were followed by Spain, Indonesia, Russia, South Korea, Brazil, Poland, Ukraine, the UK, Japan and Ireland, which together accounted for a further 35%.

What are the largest producers of mixed nitrogen, phosphorus and potassium (npk) fertilizers in the world?

The countries with the highest volumes of npk fertilizer production in 2021 were the United States, Russia and India, together accounting for 39% of global production.

What are the leading suppliers of mixed nitrogen, phosphorus and potassium (npk) fertilizers to the Philippines?

In value terms, China constituted the largest supplier of npk fertilizer to the Philippines, comprising 45% of total imports. The second position in the ranking was occupied by South Korea, with a 22% share of total imports. It was followed by Norway, with a 16% share.

What are the leading importers of mixed nitrogen, phosphorus and potassium (npk) fertilizers from the Philippines?

In value terms, Vietnam remains the key foreign market for npk fertilizer exports from the Philippines.

What is the average export price for mixed nitrogen, phosphorus and potassium (npk) fertilizers in the Philippines?

In 2021, the average npk fertilizer export price amounted to $341 per ton, increasing by 8.7% against the previous year.

What is the average import price for mixed nitrogen, phosphorus and potassium (npk) fertilizers in the Philippines?

The average npk fertilizer import price stood at $410 per ton in 2021, rising by 31% against the previous year.

This report provides an in-depth analysis of the npk fertilizer market in the Philippines. 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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