China - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in China - 2023
Contents:
- NPK Fertilizer Price in China (CIF) - 2022
- NPK Fertilizer Price in China (FOB) - 2023
- NPK Fertilizer Imports in China
- NPK Fertilizer Exports in China
NPK Fertilizer Price in China (CIF) - 2022
The average NPK fertilizer import price stood at $741 per ton in 2022, with an increase of 39% against the previous year. In general, import price indicated a tangible 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, NPK fertilizer import price increased by +67.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($1,681 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.
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NPK Fertilizer Price in China (FOB) - 2023
The average NPK fertilizer export price stood at $378 per ton in September 2023, rising by 6.4% against the previous month. Overall, the export price, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in January 2023 when the average export price increased by 32% month-to-month. As a result, the export price reached the peak level of $662 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Japan ($551 per ton), while the average price for exports to Myanmar ($311 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (-1.7%), while the prices for the other major destinations experienced a decline.
NPK Fertilizer Imports in China
In 2022, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -42.1% to 698K tons, falling for the second consecutive year after two years of growth. In general, imports showed a significant curtailment. The growth pace was the most rapid in 2020 when imports increased by 0.6%. As a result, imports attained the peak of 1.4M tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, NPK fertilizer imports shrank markedly to $517M in 2022. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 4%.
| Import of NPK 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 | 119 | 101 | 62.9 | -24.3% |
| Finland | 56.4 | 51.9 | 68.6 | 46.3 | -6.4% |
| Israel | 19.6 | 23.7 | 27.3 | 33.4 | 19.4% |
| Germany | 15.5 | 16.7 | 14.1 | 12.0 | -8.2% |
| Romania | 13.3 | 24.3 | 14.5 | 0.1 | -80.4% |
| Others | 57.2 | 62.8 | 75.8 | 59.5 | 1.3% |
| Total | 662 | 620 | 644 | 517 | -7.9% |
Top Suppliers of NPK Fertilizer to China in 2022:
- Russia (255.9K tons)
- Norway (232.6K tons)
- Belgium (82.2K tons)
- Finland (57.1K tons)
- Israel (19.9K tons)
- Germany (15.9K tons)
- Romania (0.2K tons)
NPK Fertilizer Exports in China
In 2022, shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -10.9% to 635K tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 14%. As a result, the exports attained the peak of 1.1M tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, NPK fertilizer exports surged to $364M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of NPK Fertilizer in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 66.8 | 53.1 | 42.4 | 62.1 | -2.4% |
| Myanmar | 70.9 | 79.9 | 45.1 | 42.4 | -15.7% |
| Vietnam | 31.9 | 17.9 | 16.0 | 40.3 | 8.1% |
| Zambia | 3.2 | 0.3 | N/A | 37.2 | 126.5% |
| Thailand | 7.7 | 10.6 | 17.2 | 32.2 | 61.1% |
| Malaysia | 9.0 | 10.9 | 16.2 | 31.9 | 52.5% |
| Japan | 8.0 | 9.1 | 4.6 | 20.4 | 36.6% |
| Indonesia | 11.1 | 8.0 | 15.8 | 14.5 | 9.3% |
| Mexico | 3.2 | 5.8 | 11.5 | 12.4 | 57.1% |
| Angola | 1.3 | 5.5 | 4.3 | 11.4 | 106.2% |
| Australia | 1.6 | 2.4 | 2.3 | 7.0 | 63.6% |
| Lao People's Democratic Republic | 27.7 | 25.9 | 21.9 | 6.1 | -39.6% |
| Mozambique | 43.0 | 42.7 | 31.6 | N/A | -14.3% |
| Others | 30.9 | 67.0 | 32.6 | 45.7 | 13.9% |
| Total | 316 | 339 | 261 | 364 | 4.8% |
Top Export Markets for NPK Fertilizer from China in 2022:
- Myanmar (116.2K tons)
- Philippines (111.0K tons)
- Vietnam (75.8K tons)
- Zambia (60.6K tons)
- Malaysia (55.2K tons)
- Thailand (49.6K tons)
- Japan (29.2K tons)
- Indonesia (25.2K tons)
- Mexico (18.0K tons)
- Angola (16.4K tons)
- Lao People's Democratic Republic (10.2K tons)
- Australia (9.7K tons)
This report provides an in-depth analysis of the npk 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 4021 - NPK fertilizers
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
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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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