Asia-Pacific: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Asia-Pacific

For the third consecutive year, the Asia-Pacific mixed fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mixed Fertilizer Production in Asia-Pacific

In value terms, mixed fertilizer production fell modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Mixed Fertilizer Exports

Exports in Asia-Pacific

In 2022, exports of mixed fertilizers in Asia-Pacific fell significantly to X tons, reducing by X% against 2021 figures. Total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, mixed fertilizer exports shrank to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. South Korea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Australia (X%) and Vietnam (X%). Thailand (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to mixed fertilizer exports from China stood at X%. At the same time, Thailand (X%) and Australia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) and South Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest mixed fertilizer supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. In general, the export price saw temperate growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Australia ($X per ton) and China ($X per ton), while South Korea ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports in Asia-Pacific

Mixed fertilizer imports expanded to X tons in 2022, with an increase of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mixed fertilizer imports soared to $X in 2022. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the key importing country with an import of about X tons, which recorded X% of total imports. Australia (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%) and Bangladesh (X%). The following importers - Vietnam (X tons), China (X tons), Indonesia (X tons), Myanmar (X tons), Pakistan (X tons), Japan (X tons), the Philippines (X tons) and Malaysia (X tons) - together made up X% of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Bangladesh (X%), the Philippines (X%), Australia (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Pakistan and Japan experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Vietnam (X%), Thailand (X%) and China (X%) illustrated a downward trend over the same period. India (X p.p.), Myanmar (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, China and Thailand saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported mixed fertilizers in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

In India, mixed fertilizer imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a pronounced expansion. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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