Southern Asia: Fertilizer Market 2024

Fertilizer Market Size in Southern Asia

The South Asian fertilizer market skyrocketed to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Southern Asia

In value terms, fertilizer production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Fertilizer Exports

Exports in Southern Asia

In 2022, approx. X tons of fertilizers were exported in Southern Asia; rising by X% against the year before. In general, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, fertilizer exports surged to $X in 2022. Over the period under review, exports, however, showed a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India was the largest exporter of fertilizers in Southern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Bangladesh (X tons), comprising a X% share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of fertilizers. Bangladesh (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest fertilizer supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India was relatively modest.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Bangladesh stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Fertilizer Imports

Imports in Southern Asia

In 2022, approx. X tons of fertilizers were imported in Southern Asia; picking up by X% on the previous year's figure. Total imports indicated a strong expansion from 2012 to 2022: its volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports soared to $X in 2022. Over the period under review, imports posted a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X tons) and Pakistan (X tons), together committing a X% share of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the fertilizers imports, with a CAGR of X% from 2012 to 2022. At the same time, Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported fertilizers in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with an X% share of total imports. It was followed by Pakistan, with a X% share.

In India, 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: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated mild growth 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, fertilizer import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in India ($X per ton) and Bangladesh ($X per ton), while Sri Lanka ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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