Southern Asia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Southern Asia

In 2022, the South Asian nitrogenous fertilizer market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Nitrogenous Fertilizer Production in Southern Asia

In value terms, nitrogenous fertilizer production reduced slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable slump. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports in Southern Asia

In 2022, exports of nitrogenous fertilizers (mineral or chemical) in Southern Asia skyrocketed to X tons, jumping by X% compared with 2021 figures. Over the period under review, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by X%. 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, nitrogenous fertilizer exports surged to $X in 2022. Overall, exports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, India (X tons) and Bangladesh (X tons) represented the largest exporter of nitrogenous fertilizers (mineral or chemical) in Southern Asia, making up X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%).

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

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate measured growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 India ($X per ton), while Bangladesh totaled $X per ton.

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

Nitrogenous Fertilizer Imports

Imports in Southern Asia

In 2022, purchases abroad of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, nitrogenous fertilizer imports skyrocketed to $X in 2022. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

India dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Pakistan (X tons), mixing up a X% share of total imports. The following importers - Bangladesh (X tons) and Sri Lanka (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to nitrogenous fertilizer imports into India stood at X%. At the same time, Sri Lanka (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Pakistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and Pakistan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: 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. Over the period under review, the import price showed a slight expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 India ($X per ton), while Pakistan ($X per ton) was 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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