South-Eastern Asia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in South-Eastern Asia

The Southeast Asian potassic fertilizer market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption posted a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in South-Eastern Asia

In value terms, potassic fertilizer production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a pronounced downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Potassic Fertilizer Exports

Exports in South-Eastern Asia

In 2022, the amount of potassic fertilizers exported in South-Eastern Asia expanded sharply to X tons, rising by X% on the previous year's figure. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, potassic fertilizer exports surged to $X in 2022. Overall, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Lao People's Democratic Republic was the main exporter of potassic fertilizers in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%). The following exporters - Thailand (X tons) and Indonesia (X tons) - each amounted to a X% share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the potassic fertilizers exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lao People's Democratic Republic and Vietnam increased by X and X percentage points, respectively.

In value terms, Lao People's Democratic Republic ($X) remains the largest potassic fertilizer supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Lao People's Democratic Republic, potassic fertilizer exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of potassic fertilizers increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports surged to $X in 2022. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) was the main importer of potassic fertilizers, committing X% of total imports. It was distantly followed by Malaysia (X tons), Thailand (X tons) and Vietnam (X tons), together achieving a X% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to potassic fertilizer imports into Indonesia stood at X%. At the same time, Thailand (X%), Malaysia (X%), the Philippines (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Indonesia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Philippines ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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