Asia-Pacific: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Asia-Pacific

The Asia-Pacific potassic fertilizer market surged to $X in 2022, growing by X% against the previous year. The total consumption indicated a buoyant increase 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, consumption increased by X% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in Asia-Pacific

In value terms, potassic fertilizer production fell modestly to $X in 2022 estimated in export price. The total production indicated perceptible growth 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Potassic Fertilizer Exports

Exports in Asia-Pacific

In 2022, overseas shipments of potassic fertilizers decreased by X% to X tons, falling for the second consecutive year after nine years of growth. In general, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, potassic fertilizer exports soared to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Lao People's Democratic Republic (X tons) represented the major exporter of potassic fertilizers, mixing up X% of total exports. Taiwan (Chinese) (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%), China (X%) and Malaysia (X%). The following exporters - Thailand (X tons) and Indonesia (X tons) - each resulted at a X% share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the potassic fertilizers exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%), Malaysia (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Indonesia (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lao People's Democratic Republic and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest potassic fertilizer supplying countries in Asia-Pacific were Taiwan (Chinese) ($X), Lao People's Democratic Republic ($X) and Vietnam ($X), with a combined X% share of total exports.

Among the main exporting countries, Lao People's Democratic Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in Asia-Pacific

In 2022, approx. X tons of potassic fertilizers were imported in Asia-Pacific; jumping by X% on 2021 figures. Total imports indicated a prominent increase 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. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports skyrocketed to $X in 2022. Total imports indicated moderate growth 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by Indonesia (X tons), India (X tons), Malaysia (X tons), South Korea (X tons) and Thailand (X tons) were the largest importers of potassic fertilizers, together achieving X% of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassic fertilizer importing markets in Asia-Pacific were China ($X), Indonesia ($X) and India ($X), together accounting for X% of total imports. Malaysia, Thailand, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Thailand ($X per ton) and India ($X per ton), while Taiwan (Chinese) ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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