Eastern Asia: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Eastern Asia

The East Asian animal or vegetable fertilisers market reduced to $X in 2023, waning by X% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Animal Or Vegetable Fertilisers in Eastern Asia

In value terms, animal or vegetable fertilisers production fell to $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Exports of Animal Or Vegetable Fertilisers

Exports in Eastern Asia

After seven years of growth, overseas shipments of animal or vegetable fertilisers decreased by X% to X tons in 2023. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then contracted in the following year.

In value terms, animal or vegetable fertilisers exports fell rapidly to $X in 2023. Over the period under review, exports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2022, and then fell dramatically in the following year.

Exports by Country

In 2023, Japan (X tons) represented the key exporter of animal or vegetable fertilisers, generating X% of total exports. China (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (X%).

Japan was also the fastest-growing in terms of the animal or vegetable fertilisers exports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. By contrast, China (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Korea (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, reducing by X% against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Animal Or Vegetable Fertilisers

Imports in Eastern Asia

After two years of decline, overseas purchases of animal or vegetable fertilisers increased by X% to X tons in 2023. Over the period under review, imports, however, showed a slight descent. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, animal or vegetable fertilisers imports soared to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Taiwan (Chinese) (X tons), Japan (X tons) and South Korea (X tons) represented the largest importer of animal or vegetable fertilisers in Eastern Asia, making up X% of total import. It was distantly followed by China (X tons), comprising a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, animal or vegetable fertilisers import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank modestly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform