Vietnam - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNitrogenous Fertilizer Price in Vietnam - 2021
Contents:
- Nitrogenous Fertilizer Price in Vietnam (CIF) - 2022
- Nitrogenous Fertilizer Price in Vietnam (FOB) - 2022
- Nitrogenous Fertilizer Imports in Vietnam
- Nitrogenous Fertilizer Exports in Vietnam
Nitrogenous Fertilizer Price in Vietnam (CIF) - 2022
The average nitrogenous fertilizer import price stood at $207 per ton in 2022, declining by -16.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 an increase of 78% against the previous year. The import price peaked at $279 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($362 per ton), while the price for Thailand ($134 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%), while the prices for the other major suppliers experienced a decline.
Nitrogenous Fertilizer Price in Vietnam (FOB) - 2022
The average nitrogenous fertilizer export price stood at $375 per ton in 2022, shrinking by -9.4% against the previous year. In general, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2021 an increase of 54%. The export price peaked at $437 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Thailand ($771 per ton), while the average price for exports to Democratic Republic of the Congo ($275 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 Thailand (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Nitrogenous Fertilizer Imports in Vietnam
In 2022, the amount of nitrogenous fertilizers (mineral or chemical) imported into Vietnam contracted dramatically to 1.5M tons, falling by -20% on the previous year. Overall, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports reached the peak of 1.9M tons, and then shrank sharply in the following year.
In value terms, nitrogenous fertilizer imports shrank remarkably to $318M in 2022. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 192%. As a result, imports attained the peak of $474M, and then contracted markedly in the following year.
| Import of Nitrogenous Fertilizer in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 113 | 105 | 284 | 199 | 20.8% |
| Indonesia | 57.1 | 9.6 | 86.3 | 50.4 | -4.1% |
| Malaysia | 47.2 | 10.3 | 33.0 | 19.0 | -26.2% |
| Japan | 14.4 | 12.9 | 21.7 | 14.9 | 1.1% |
| Taiwan (Chinese) | 11.6 | 7.6 | 20.3 | 14.0 | 6.5% |
| South Korea | 3.6 | 4.9 | 9.1 | 4.6 | 8.5% |
| Thailand | 5.3 | 2.8 | 2.8 | 3.1 | -16.4% |
| Others | 14.6 | 8.8 | 17.0 | 13.1 | -3.5% |
| Total | 266 | 162 | 474 | 318 | 6.1% |
Top Suppliers of Nitrogenous Fertilizer to Vietnam in 2022:
- China (1052.2K tons)
- Indonesia (139.1K tons)
- Japan (100.7K tons)
- Taiwan (Chinese) (87.0K tons)
- Malaysia (61.6K tons)
- South Korea (24.6K tons)
- Thailand (23.2K tons)
Nitrogenous Fertilizer Exports in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of nitrogenous fertilizers (mineral or chemical), when their volume decreased by -17.7% to 551K tons. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 64% against the previous year.
In value terms, nitrogenous fertilizer exports fell remarkably to $207M in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 104% against the previous year. As a result, the exports attained the peak of $277M, and then fell markedly in the following year.
| Export of Nitrogenous Fertilizer in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 4.2 | 8.1 | 3.0 | 168 | 242.0% |
| Cambodia | 48.1 | 55.9 | 118 | 14.7 | -32.6% |
| Indonesia | 13.6 | 2.2 | 7.8 | 13.6 | 0.0% |
| Democratic Republic of the Congo | N/A | 9.0 | N/A | 5.7 | -20.4% |
| Sri Lanka | 8.9 | N/A | 8.4 | N/A | -2.8% |
| India | 12.0 | 27.8 | N/A | N/A | 131.7% |
| Bangladesh | N/A | 7.2 | 14.2 | N/A | 97.2% |
| Brazil | N/A | 7.9 | N/A | N/A | 0% |
| Others | 7.5 | 18.0 | 126 | 4.8 | -13.8% |
| Total | 94.2 | 136 | 277 | 207 | 30.0% |
Top Export Markets for Nitrogenous Fertilizer from Vietnam in 2022:
- Myanmar (436.5K tons)
- Cambodia (52.1K tons)
- Indonesia (27.7K tons)
- Democratic Republic of the Congo (20.9K tons)
This report provides an in-depth analysis of the nitrogenous fertilizer market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
614
This report provides an in-depth analysis of the nitrogenous fertilizer market in Vietnam.
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