Philippines: Potassic Fertilizer Market 2025

Potassic Fertilizer Market Size in the Philippines

The Philippine potassic fertilizer market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption continues to indicate slight growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Potassic Fertilizer Production in the Philippines

In value terms, potassic fertilizer production dropped markedly to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Potassic Fertilizer Exports

Exports from the Philippines

In 2022, overseas shipments of potassic fertilizers decreased by X% to X tons, falling for the sixth consecutive year after five years of growth. In general, exports saw a pronounced reduction. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, potassic fertilizer exports surged to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% 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 failed to regain momentum.

Exports by Country

Australia (X tons), Thailand (X tons) and Malaysia (X tons) were the main destinations of potassic fertilizer exports from the Philippines, with a combined X% share of total exports. Vietnam, Indonesia and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Thailand ($X) and Malaysia ($X) constituted the largest markets for potassic fertilizer exported from the Philippines worldwide, with a combined X% share of total exports. Vietnam, Indonesia and Japan lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potassic fertilizer export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Indonesia ($X per ton), while the average price for exports to Thailand ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports into the Philippines

In 2022, the amount of potassic fertilizers imported into the Philippines skyrocketed to X tons, picking up by X% against the previous year. Overall, imports showed resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, potassic fertilizer imports soared to $X in 2022. Over the period under review, imports enjoyed moderate growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest potassic fertilizer supplier to the Philippines, accounting for a X% share of total imports. Moreover, potassic fertilizer imports from Canada exceeded the figures recorded by the second-largest supplier, Jordan (X tons), fourfold. The third position in this ranking was held by Uzbekistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Uzbekistan (X% per year).

In value terms, Canada ($X) constituted the largest supplier of potassic fertilizers to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Jordan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

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

Import Prices by Country

In 2022, the average potassic fertilizer import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Uzbekistan ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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