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Asia-Pacific - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Asia-Pacific - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Apr 23, 2020

Nitrogenous Fertilizer Market in Asia-Pacific - China Remains the Largest Supplier in the Region, with 62% of Total Exports

IndexBox has just published a new report: 'Asia-Pacific - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the nitrogenous fertilizer market in Asia-Pacific amounted to $30B in 2018, growing by 6.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).

Exports in Asia-Pacific

In 2018, the amount of nitrogenous fertilizers (mineral or chemical) exported in Asia-Pacific amounted to 15M tons, an increase of 8% against the previous year. Over the period under review, nitrogenous fertilizer exports, however, continue to indicate a slight deduction. The pace of growth was the most pronounced in 2014 when exports increased by 35% against the previous year. The volume of exports peaked at 24M tons in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports stood at $3.4B (IndexBox estimates) in 2018.

Exports by Country

China represented the major exporter of nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, with the volume of exports accounting for 10M tons, which was near 66% of total exports in 2018. Malaysia (1.8M tons) held the second position in the ranking, followed by Indonesia (1.2M tons) and South Korea (0.9M tons). All these countries together took approx. 25% share of total exports. Taiwan, Chinese (471K tons) and Japan (303K tons) held a little share of total exports.

Exports from China decreased at an average annual rate of -3.0% from 2013 to 2018. At the same time, Taiwan, Chinese (+15.2%), Malaysia (+11.6%) and South Korea (+1.6%) displayed positive paces of growth. Moreover, Taiwan emerged as the fastest-growing exporter in Asia-Pacific, with a CAGR of +15.2% from 2013-2018. By contrast, Indonesia (-5.2%) and Japan (-12.2%) illustrated a downward trend over the same period. Malaysia (+4.9 p.p.) and Taiwan, Chinese (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Indonesia and China saw its share reduced by -1.8%, -2.3% and -11% from 2013 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.1B) remains the largest nitrogenous fertilizer supplier in Asia-Pacific, comprising 62% of total nitrogenous fertilizer exports. The second position in the ranking was occupied by Malaysia ($493M), with a 15% share of total exports. It was followed by Indonesia, with a 9.8% share.

Export Prices by Country

The nitrogenous fertilizer export price in Asia-Pacific stood at $218 per ton in 2018, increasing by 2.7% against the previous year.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($283 per ton), while Taiwan ($110 per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced a decline in the export price figures.

Imports in Asia-Pacific

The imports totaled 23M tons in 2018, jumping by 10% against the previous year. Over the period under review, nitrogenous fertilizer imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 11% against the previous year. In that year, nitrogenous fertilizer imports reached their peak of 26M tons. From 2016 to 2018, the growth of nitrogenous fertilizer imports failed to regain its momentum.

In value terms, nitrogenous fertilizer imports amounted to $5.7B (IndexBox estimates) in 2018.

Imports by Country

India represented the key importer of nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, with the volume of imports resulting at 6.2M tons, which was near 27% of total imports in 2018. Australia (2.8M tons) ranks second in terms of the total imports with a 12% share, followed by Thailand (11%), the Philippines (7.7%), Vietnam (7.2%), Indonesia (6.6%) and Malaysia (5.7%). South Korea (868K tons), New Zealand (804K tons), Bangladesh (764K tons), Myanmar (693K tons) and Japan (536K tons) followed a long way behind the leaders.

From 2013 to 2018, average annual rates of growth with regard to nitrogenous fertilizer imports into India stood at -6.9%. At the same time, Myanmar (+24.8%), the Philippines (+12.7%), Japan (+8.7%), Indonesia (+6.8%), Australia (+4.3%), New Zealand (+1.3%) and Bangladesh (+1.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer in Asia-Pacific, with a CAGR of +24.8% from 2013-2018. South Korea and Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (-1.8%) and Vietnam (-4.2%) illustrated a downward trend over the same period. While the share of the Philippines (+3.5 p.p.), Australia (+2.3 p.p.), Myanmar (+2 p.p.) and Indonesia (+1.8 p.p.) increased significantly in terms of the total imports from 2013-2018, the share of Vietnam (-1.7 p.p.) and India (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($1.7B) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in Asia-Pacific, comprising 30% of total nitrogenous fertilizer imports. The second position in the ranking was occupied by Thailand ($744M), with a 13% share of total imports. It was followed by Australia, with a 11% share.

Import Prices by Country

In 2018, the nitrogenous fertilizer import price in Asia-Pacific amounted to $247 per ton, picking up by 11% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was South Korea ($318 per ton), while Indonesia ($162 per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nitrogenous fertilizer market in Asia-Pacific. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 4001 - Urea
  • FCL 4002 - Ammonium sulphate
  • FCL 4003 - Ammonium nitrate (AN)
  • FCL 4004 - Calcium ammonium nitrate (CAN) and other mixtures with calcium carbonate
  • FCL 4005 - Sodium nitrate
  • FCL 4006 - Urea and ammonium nitrate solutions (UAN)
  • FCL 4008 - Other nitrogenous fertilizers, n.e.c.

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia-Pacific, split by region and country
  • Trade (exports and imports) in Asia-Pacific
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Australia
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cook Islands
    • Fiji
    • French Polynesia
    • India
    • Indonesia
    • Japan
    • Kiribati
    • Malaysia
    • Maldives
    • Marshall Islands
    • Micronesia
    • Myanmar
    • Nepal
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Pakistan
    • Palau
    • Papua New Guinea
    • Philippines
    • Samoa
    • Singapore
    • Solomon Islands
    • South Korea
    • Sri Lanka
    • Taiwan (Chinese)
    • Thailand
    • Timor-Leste
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Vietnam
    • Wallis and Futuna Islands
    • Lao People's Democratic Republic
    • American Samoa
    • Democratic People's Republic of Korea
    • Nauru
    • Niue
    • Guam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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