Eastern Asia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Eastern Asia

After two years of decline, the East Asian potassic fertilizer market increased by X% to $X in 2022. The total consumption indicated strong 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in Eastern Asia

In value terms, potassic fertilizer production contracted modestly to $X in 2022 estimated in export price. The total production indicated a tangible 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. 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 Eastern Asia

In 2022, shipments abroad of potassic fertilizers decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a noticeable descent. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassic fertilizer exports contracted to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) was the key exporter of potassic fertilizers in Eastern Asia, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. China (X tons) took the second position in the ranking, distantly followed by South Korea (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Taiwan (Chinese) ($X) emerged as the largest potassic fertilizer supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

In Taiwan (Chinese), potassic fertilizer exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price 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, potassic fertilizer export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in Eastern Asia

After two years of decline, purchases abroad of potassic fertilizers increased by X% to X tons in 2022. 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports soared to $X in 2022. Overall, imports showed moderate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to potassic fertilizer imports into China stood at X%. At the same time, Taiwan (Chinese) (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and China saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported potassic fertilizers in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

In China, potassic 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: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a noticeable decline. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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