South-Eastern Asia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in South-Eastern Asia

The Southeast Asian nitrogenous fertilizer market expanded significantly to $X in 2022, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nitrogenous Fertilizer Production in South-Eastern Asia

In value terms, nitrogenous fertilizer production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons, falling for the second year in a row after five years of growth. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports surged to $X in 2022. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Malaysia (X tons) and Indonesia (X tons) represented the major exporters of nitrogenous fertilizers (mineral or chemical) in 2022, finishing at approx. X% and X% of total exports, respectively. Vietnam (X tons) took the next position in the ranking, followed by Brunei Darussalam (X tons). All these countries together held approx. X% share of total exports. Thailand (X tons) held a little share of total exports.

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

In value terms, the largest nitrogenous fertilizer supplying countries in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Brunei Darussalam ($X), together comprising X% of total exports.

In terms of the main exporting countries, Brunei Darussalam, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a tangible increase. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Nitrogenous Fertilizer Imports

Imports in South-Eastern Asia

Nitrogenous fertilizer imports shrank significantly to X tons in 2022, with a decrease of X% against 2021. Over the period under review, imports saw a slight contraction. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, nitrogenous fertilizer imports surged to $X in 2022. Total imports indicated a mild increase 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Thailand (X tons), Vietnam (X tons), the Philippines (X tons), Malaysia (X tons) and Indonesia (X tons) was the main importer of nitrogenous fertilizers (mineral or chemical) in South-Eastern Asia, constituting X% of total import. Myanmar (X tons) and Cambodia (X tons) took a minor share of total imports.

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

In value terms, Thailand ($X) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Thailand, nitrogenous fertilizer imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate measured growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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