China - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFertilizer Price in China - 2023
Contents:
- Fertilizer Price in China (FOB) - 2022
- Fertilizer Price in China (CIF) - 2022
- Fertilizer Exports in China
- Fertilizer Imports in China
Fertilizer Price in China (FOB) - 2022
The average fertilizer export price stood at $449 per ton in 2022, with an increase of 25% against the previous year. In general, the export price saw mild growth. The most prominent rate of growth was recorded in 2021 an increase of 54%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($835 per ton), while the average price for exports to Turkey ($300 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 Bangladesh (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
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Fertilizer Price in China (CIF) - 2022
In 2022, the average fertilizer import price amounted to $353 per ton, with an increase of 18% against the previous year. In general, the import price, however, recorded a pronounced setback. Over the period under review, average import prices reached the maximum at $481 per ton in 2012; however, from 2013 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 Norway ($711 per ton), while the price for Jordan ($234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Fertilizer Exports in China
After three years of growth, shipments abroad of fertilizers decreased by -19.1% to 25M tons in 2022. Overall, exports showed a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, the exports reached the peak of 31M tons, and then reduced dramatically in the following year.
In value terms, fertilizer exports reached $11.3B in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 76%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Fertilizer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 611 | 583 | 2,198 | 2,019 | 48.9% |
| India | 1,676 | 1,420 | 2,296 | 1,963 | 5.4% |
| Bangladesh | 207 | 196 | 377 | 571 | 40.2% |
| Australia | 452 | 410 | 506 | 565 | 7.7% |
| Vietnam | 351 | 356 | 587 | 501 | 12.6% |
| Pakistan | 328 | 264 | 509 | 457 | 11.7% |
| Japan | 294 | 259 | 374 | 433 | 13.8% |
| Thailand | 245 | 237 | 473 | 414 | 19.1% |
| Indonesia | 398 | 321 | 488 | 412 | 1.2% |
| Philippines | 239 | 206 | 248 | 393 | 18.0% |
| Turkey | 78.4 | 44.5 | 113 | 329 | 61.3% |
| Myanmar | 130 | 275 | 205 | 327 | 36.0% |
| Malaysia | 104 | 103 | 247 | 299 | 42.2% |
| Others | 1,794 | 1,647 | 2,503 | 2,578 | 12.8% |
| Total | 6,908 | 6,322 | 11,125 | 11,261 | 17.7% |
Top Export Markets for Fertilizer from China in 2022:
- Brazil (5.2M tons)
- India (3.2M tons)
- Vietnam (1.4M tons)
- Turkey (1.1M tons)
- Australia (1.1M tons)
- Myanmar (1.1M tons)
- Philippines (1.0M tons)
- Indonesia (1.0M tons)
- Malaysia (0.9M tons)
- Thailand (0.8M tons)
- Bangladesh (0.7M tons)
- Pakistan (0.7M tons)
- Japan (0.6M tons)
Fertilizer Imports in China
In 2022, supplies from abroad of fertilizers was finally on the rise to reach 14M tons after two years of decline. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three-year period. 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 skyrocketed to $4.9B in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. 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.
| Import of Fertilizer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 983 | 887 | 548 | 1,450 | 13.8% |
| Russia | 754 | 650 | 761 | 1,028 | 10.9% |
| Belarus | 554 | 334 | 430 | 930 | 18.8% |
| Israel | 280 | 202 | 185 | 436 | 15.9% |
| Lao People's Democratic Republic | 56.8 | 29.1 | 100 | 281 | 70.4% |
| Jordan | 200 | 162 | 82.7 | 252 | 8.0% |
| Norway | 229 | 201 | 235 | 177 | -8.2% |
| Belgium | 145 | 121 | 102 | 65.6 | -23.2% |
| Others | 274 | 241 | 262 | 263 | -1.4% |
| Total | 3,476 | 2,826 | 2,705 | 4,882 | 12.0% |
Top Suppliers of Fertilizer to China in 2022:
- Canada (5.8M tons)
- Russia (2.0M tons)
- Belarus (1.9M tons)
- Israel (1.7M tons)
- Jordan (1.1M tons)
- Lao People's Democratic Republic (0.6M tons)
- Norway (0.2M tons)
- Belgium (0.1M tons)
This report provides an in-depth analysis of the fertilizer market in China. 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 4025 - Potassium nitrate
- FCL 4004 - Calcium ammonium nitrate (CAN) and other mixtures with calcium carbonate
- FCL 4005 - Sodium nitrate
- FCL 4023 - Monoammonium phosphate (MAP)
- FCL 4001 - Urea
- FCL 4002 - Ammonium sulphate
- FCL 4003 - Ammonium nitrate (AN)
- FCL 4006 - Urea and ammonium nitrate solutions (UAN)
- FCL 4016 - Potassium chloride (muriate of potash) (MOP)
- FCL 4021 - NPK fertilizers
- FCL 4014 - Other phosphatic fertilizers, n.e.c.
- FCL 4022 - Diammonium phosphate (DAP)
- FCL 4027 - PK compounds
- FCL 4024 - Other NP compounds
- FCL 4008 - Other nitrogenous fertilizers, n.e.c.
- FCL 4012 - Superphosphates above 35%
- FCL 4013 - Superphosphates, other
- FCL 4018 - Other potassic fertilizers, n.e.c.
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the fertilizer market in China.
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This report provides an in-depth analysis of the ammonium nitrate market in China.
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This report provides an in-depth analysis of the urea market in China.
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This report provides an in-depth analysis of the nitrogenous fertilizer market in China.
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This report provides an in-depth analysis of the sodium nitrate market in China.
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This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in China.
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This report provides an in-depth analysis of the ammonium sulphate market in China.
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This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in China.
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This report provides an in-depth analysis of the market for iron or steel can in China.
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This report provides an in-depth analysis of the global fertilizer market.
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In September 2022, the ammonium nitrate price amounted to $551 per ton (FOB, China), declining by -20.7% against the previous month.
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Urea exports in June 2023 reached a staggering value of $85M.
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Learn about the successful market entry strategy for nitrogenous fertilizers in China, including official data sources, help from authorities, and key trade shows and exhibitions. Discover valuable insights to navigate China's fertilizer market and leverage opportunities for growth.
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From January-August 2021, China exported 6.3M tons of ammonium sulphate worth over $1B. Compared to the same period a year earlier, supplies abroad soared by 23.5% in physical terms and by 75% in value terms. Brazil is the prime importer, accounting for 29% of China's ammonium sulphate exports. In the first eight months of this year, Brazil purchases from China totalled 1.5M tons, increasing by 34% against the same period of 2020. Over the last decade, China became the most significant ammonium sulphate supplier worldwide, ramping up shipments from 0.8M to 8.7M tons and emerging as the fastest-growing exporter.
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From 2010 to 2020, China's iron and steel can exports soared from 469M units to 1.9B units. In value terms, supplies rose from $66M to $537M.
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Explore the top import markets for fertilizer worldwide, including Brazil, India, the United States, China, and more. Discover key statistics and import values provided by the IndexBox market intelligence platform.
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Discover the top import markets for fertilizers, including Brazil, India, the United States, China, and France. Explore their import values and the factors driving the demand for fertilizers in these countries.
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
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Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.
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Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
