Vietnam: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Vietnam

The Vietnamese animal or vegetable fertilisers market shrank to $X in 2022, which is down by X% against the previous year. In general, consumption showed a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Animal Or Vegetable Fertilisers in Vietnam

In value terms, animal or vegetable fertilisers production dropped notably to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports from Vietnam

Animal or vegetable fertilisers exports from Vietnam declined significantly to X tons in 2022, reducing by X% on the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, animal or vegetable fertilisers exports shrank significantly to $X in 2022. Overall, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic (X tons), Cambodia (X tons) and India (X tons) were the main destinations of animal or vegetable fertilisers exports from Vietnam, with a combined X% share of total exports. Italy, Thailand, Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for animal or vegetable fertilisers exported from Vietnam were Lao People's Democratic Republic ($X), Cambodia ($X) and Japan ($X), with a combined X% share of total exports. Taiwan (Chinese), Italy, Thailand and India lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Italy, with a CAGR of X%, recorded the highest growth rate of 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

The average animal or vegetable fertilisers export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Animal Or Vegetable Fertilisers

Imports into Vietnam

In 2022, the amount of animal or vegetable fertilisers imported into Vietnam expanded slightly to X tons, picking up by X% compared with the year before. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, animal or vegetable fertilisers imports contracted slightly to $X in 2022. Overall, imports posted a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of animal or vegetable fertilisers to Vietnam, accounting for a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Japan exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

In value terms, Japan ($X) constituted the largest supplier of animal or vegetable fertilisers to Vietnam, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average animal or vegetable fertilisers import price amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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