Vietnam - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Vietnam - 2022
Contents:
- NPK Fertilizer Price in Vietnam (CIF) - 2022
- NPK Fertilizer Price in Vietnam (FOB) - 2022
- NPK Fertilizer Imports in Vietnam
- NPK Fertilizer Exports in Vietnam
NPK Fertilizer Price in Vietnam (CIF) - 2022
The average NPK fertilizer import price stood at $741 per ton in December 2022, waning by -10.5% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in September 2022 an increase of 19% month-to-month. As a result, import price reached the peak level of $926 per ton. From October 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($1,722 per ton), while the price for China ($499 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Price in Vietnam (FOB) - 2022
The average NPK fertilizer export price stood at $381 per ton in 2022, shrinking by -3.8% against the previous year. In general, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $471 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +3.1% per year.
NPK Fertilizer Imports in Vietnam
In 2022, after two years of decline, there was growth in overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, when their volume increased by 2.8% to 326K tons. Overall, imports, however, continue to indicate a mild downturn.
In value terms, NPK fertilizer imports reduced to $128M in 2022. In general, imports, however, recorded a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 10%. As a result, imports attained the peak of $134M, and then shrank modestly in the following year.
| Import of NPK Fertilizer in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 46.3 | 45.8 | 63.5 | 56.0 | 6.5% |
| China | 25.3 | 13.3 | 9.8 | 14.0 | -17.9% |
| Norway | 11.3 | 9.2 | 14.3 | 12.6 | 3.7% |
| Philippines | 16.8 | 12.1 | 10.7 | 11.5 | -11.9% |
| Belgium | 8.4 | 12.7 | 10.3 | 9.1 | 2.7% |
| South Korea | 7.2 | 12.9 | 7.7 | 8.0 | 3.6% |
| Thailand | 3.4 | 2.3 | 2.4 | 2.3 | -12.2% |
| Romania | 3.9 | 2.1 | 1.6 | 2.2 | -17.4% |
| Others | 11.8 | 11.8 | 14.2 | 12.5 | 1.9% |
| Total | 134 | 122 | 134 | 128 | -1.5% |
Top Suppliers of NPK Fertilizer to Vietnam in 2022:
- Russia (150.1K tons)
- China (39.1K tons)
- Philippines (36.2K tons)
- South Korea (27.7K tons)
- Norway (25.3K tons)
- Belgium (20.2K tons)
- Romania (6.6K tons)
- Thailand (4.7K tons)
NPK Fertilizer Exports in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, when their volume decreased by -15% to 280K tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 93% against the previous year.
In value terms, NPK fertilizer exports reduced sharply to $107M in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 57%. As a result, the exports reached the peak of $131M, and then fell significantly in the following year.
| Export of NPK Fertilizer in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.7 | 8.9 | 6.7 | 107 | 434.7% |
| Cameroon | 3.5 | 6.9 | 0.5 | N/A | -62.2% |
| Thailand | 3.0 | 2.6 | 3.5 | N/A | 8.0% |
| Mozambique | 4.1 | 1.0 | 25.5 | N/A | 149.4% |
| Cambodia | 27.7 | 44.8 | 73.0 | N/A | 62.3% |
| Philippines | 1.6 | 0.8 | 14.6 | N/A | 202.1% |
| Lao People's Democratic Republic | 4.4 | 5.5 | 4.5 | N/A | 1.1% |
| Ghana | 2.7 | 4.8 | N/A | N/A | 77.8% |
| Others | 6.4 | 7.7 | 2.3 | N/A | -40.1% |
| Total | 54.0 | 83.0 | 131 | 107 | 25.6% |
Top Export Markets for NPK Fertilizer from Vietnam in 2022:
- Myanmar (280.4K tons)
This report provides an in-depth analysis of the npk 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 4021 - NPK fertilizers
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
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This report provides an in-depth analysis of the global mixed fertilizer market.
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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 NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
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