South-Eastern Asia: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in South-Eastern Asia

The Southeast Asian phosphatic fertilizer market declined remarkably to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Phosphatic Fertilizer Production in South-Eastern Asia

In value terms, phosphatic fertilizer production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Phosphatic Fertilizer Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of phosphatic fertilizers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 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 remained at a lower figure.

In value terms, phosphatic fertilizer exports declined to $X in 2022. In general, exports, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Vietnam represented the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Indonesia (X tons), constituting a X% share of total exports. The following exporters - Malaysia (X tons) and Singapore (X tons) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to phosphatic fertilizer exports from Vietnam stood at X%. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest phosphatic fertilizer supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price 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, phosphatic fertilizer export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

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 Singapore ($X per ton), while Malaysia ($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 other leaders experienced mixed trends in the export price figures.

Phosphatic Fertilizer Imports

Imports in South-Eastern Asia

Phosphatic fertilizer imports declined markedly to X tons in 2022, dropping by X% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank dramatically in the following year.

In value terms, phosphatic fertilizer imports declined modestly to $X in 2022. Over the period under review, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) represented the major importer of phosphatic fertilizers, making up X% of total imports. Malaysia (X tons) held the second position in the ranking, distantly followed by Cambodia (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to phosphatic fertilizer imports into Indonesia stood at X%. At the same time, Malaysia (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported phosphatic fertilizers in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total imports.

In Indonesia, phosphatic fertilizer imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cambodia (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Cambodia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform