China - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMixed Fertilizer Price in China - 2023
Contents:
- Mixed Fertilizer Price in China (FOB) - 2023
- Mixed Fertilizer Price in China (CIF) - 2022
- Mixed Fertilizer Exports in China
- Mixed Fertilizer Imports in China
Mixed Fertilizer Price in China (FOB) - 2023
The average mixed fertilizer export price stood at $482 per ton in June 2023, which is down by -5.5% against the previous month. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in July 2022 when the average export price increased by 6.2% against the previous month. Over the period under review, the average export prices reached the maximum at $888 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Pakistan ($983 per ton), while the average price for exports to Myanmar ($323 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+0.1%), while the prices for the other major destinations experienced a decline.
Mixed Fertilizer Price in China (CIF) - 2022
The average mixed fertilizer import price stood at $745 per ton in 2022, rising by 38% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer import price increased by +69.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Israel ($1,702 per ton), while the price for Russia ($519 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Mixed Fertilizer Exports in China
In 2022, mixed fertilizer exports from China fell markedly to 15M tons, which is down by -38.9% against 2021 figures. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. As a result, the exports reached the peak of 24M tons, and then contracted significantly in the following year.
In value terms, mixed fertilizer exports declined to $11.2B in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 85% against the previous year. As a result, the exports attained the peak of $12B, and then contracted in the following year.
| Export of Mixed Fertilizer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 971 | 613 | 1,088 | 1,143 | 5.6% |
| Brazil | 262 | 241 | 1,200 | 830 | 46.9% |
| Bangladesh | 94.1 | 119 | 349 | 527 | 77.6% |
| Australia | 289 | 295 | 312 | 374 | 9.0% |
| Japan | 184 | 159 | 275 | 320 | 20.3% |
| Thailand | 226 | 188 | 371 | 310 | 11.1% |
| Argentina | 136 | 140 | 357 | 250 | 22.5% |
| Vietnam | 236 | 225 | 275 | 240 | 0.6% |
| Pakistan | 306 | 245 | 499 | 234 | -8.6% |
| Philippines | 169 | 142 | 144 | 216 | 8.5% |
| Indonesia | 147 | 116 | 144 | 197 | 10.3% |
| Malaysia | 41.7 | 38.0 | 65.7 | 97.7 | 32.8% |
| Myanmar | 90.1 | 105 | 67.9 | 67.2 | -9.3% |
| Others | 4,497 | 3,882 | 6,882 | 6,436 | 12.7% |
| Total | 7,649 | 6,505 | 12,030 | 11,242 | 13.7% |
Top Export Markets for Mixed Fertilizer from China in 2022:
- India (1.5M tons)
- Brazil (1.0M tons)
- Bangladesh (0.6M tons)
- Australia (0.5M tons)
- Philippines (0.4M tons)
- Japan (0.4M tons)
- Vietnam (0.4M tons)
- Thailand (0.4M tons)
- Pakistan (0.3M tons)
- Indonesia (0.3M tons)
- Argentina (0.3M tons)
- Myanmar (0.2M tons)
- Malaysia (0.2M tons)
Mixed Fertilizer Imports in China
In 2022, supplies from abroad of mixed fertilizers decreased by -41.6% to 1.4M tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a significant decrease. The growth pace was the most rapid in 2020 with an increase of 1.2% against the previous year. As a result, imports reached the peak of 3M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, mixed fertilizer imports declined remarkably to $1.1B in 2022. Overall, imports continue to indicate a deep contraction. The smallest decline of -1.4% was in 2021.
| Import of Mixed Fertilizer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 226 | 197 | 232 | 170 | -9.1% |
| Russia | 129 | 124 | 112 | 133 | 1.0% |
| Belgium | 145 | 120 | 101 | 63.0 | -24.3% |
| Finland | 56.4 | 51.9 | 68.6 | 46.3 | -6.4% |
| Israel | 21.1 | 25.3 | 28.7 | 34.8 | 18.1% |
| Germany | 15.6 | 16.8 | 14.2 | 12.0 | -8.4% |
| United States | 32.9 | 17.5 | 6.9 | 9.0 | -35.1% |
| Others | 779 | 773 | 745 | 590 | -8.8% |
| Total | 1,406 | 1,326 | 1,308 | 1,058 | -9.0% |
Top Suppliers of Mixed Fertilizer to China in 2022:
- Russia (256.0K tons)
- Norway (232.6K tons)
- Belgium (82.2K tons)
- Finland (57.1K tons)
- Israel (20.4K tons)
- Germany (15.9K tons)
- United States (12.2K tons)
This report provides an in-depth analysis of the mixed 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:
- Prodcom 20157130 -
- Prodcom 20157180 -
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
- Prodcom 20157100 - Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium (excluding those in tablets or similar forms, or in packages with a gross weight of . .10 kg)
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
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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In February 2023, the price of mixed fertilizer was $641 per ton (FOB, China), a decrease of 9.2% compared to the prior month.
1038
In September 2022, the mixed fertilizer price amounted to $884 per ton (FOB, China), almost unchanged from the previous month.
269
Exports of Monoammonium Phosphate experienced a significant drop, reaching a value of $33M in June 2023.
681
Since the beginning of 2021, the average global price for diammonium phosphate (DAP) soared by +53%, reaching $644 per ton in September. High freight rates and energy costs became the main reasons for this spike. Announced suspension of exports from China’s major fertilizer producers could drive further price increases. China represents the largest DAP exporter worldwide, accounting for 34% of the global export volume. Last year, China sharply reduced DAP exports to India and Pakistan, while the shipment to Vietnam spiked by +16.5% y-o-y in physical terms.
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