South-Eastern Asia: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in South-Eastern Asia

The Southeast Asian animal or vegetable fertilisers market reduced modestly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank modestly in the following year.

Production of Animal Or Vegetable Fertilisers in South-Eastern Asia

In value terms, animal or vegetable fertilisers production fell to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports in South-Eastern Asia

In 2022, approx. X tons of animal or vegetable fertilisers were exported in South-Eastern Asia; dropping by X% on 2021. Over the period under review, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers exports contracted to $X in 2022. In general, exports saw a mild slump. The pace of growth appeared the most rapid in 2021 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

In 2022, Vietnam (X tons), Indonesia (X tons) and Thailand (X tons) represented the largest exporter of animal or vegetable fertilisers in South-Eastern Asia, generating X% of total export. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest animal or vegetable fertilisers supplying countries in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Thailand ($X), with a combined X% share of total exports.

Among the main exporting countries, Indonesia, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Imports of Animal Or Vegetable Fertilisers

Imports in South-Eastern Asia

In 2022, overseas purchases of animal or vegetable fertilisers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, animal or vegetable fertilisers imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Vietnam (X tons) represented the main importer of animal or vegetable fertilisers, comprising X% of total imports. Cambodia (X tons) ranks second in terms of the total imports with a X% share, followed by Myanmar (X%) and Lao People's Democratic Republic (X%). Malaysia (X tons) followed a long way behind the leaders.

Imports into Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Cambodia (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. While the share of Vietnam (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported animal or vegetable fertilisers in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Cambodia ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and Myanmar (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Myanmar ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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