Malaysia: Fertilizer Market 2022

Fertilizer Market Size in Malaysia

The Malaysian fertilizer market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a noticeable descent. Fertilizer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fertilizer Production in Malaysia

In value terms, fertilizer production expanded sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Fertilizer production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Fertilizer Exports

Exports from Malaysia

In 2021, approx. X tons of fertilizers were exported from Malaysia; with a decrease of -2.4% on the year before. In general, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 59% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then reduced slightly in the following year.

In value terms, fertilizer exports surged to $X in 2021. Overall, exports, however, enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand (X tons), New Zealand (X tons) and Australia (X tons) were the main destinations of fertilizer exports from Malaysia, with a combined 61% share of total exports. These countries were followed by the Philippines, Japan, Myanmar, Chile, Indonesia, Mexico, Vietnam, Papua New Guinea and India, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +216.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Australia ($X) and the Philippines ($X) constituted the largest markets for fertilizer exported from Malaysia worldwide, together accounting for 52% of total exports. These countries were followed by New Zealand, Japan, Myanmar, Chile, Vietnam, Mexico, Indonesia, Papua New Guinea and India, which together accounted for a further 44%.

Mexico, with a CAGR of +124.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2021, growing by 68% against the previous year. Overall, the export price, however, saw a slight decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+0.3%), while the prices for the other major destinations experienced a decline.

Fertilizer Imports

Imports into Malaysia

In 2021, the amount of fertilizers imported into Malaysia skyrocketed to X tons, growing by 25% on the year before. Overall, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, fertilizer imports skyrocketed to $X in 2021. In general, imports, however, showed a pronounced decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest fertilizer supplier to Malaysia, with a 53% share of total imports. Moreover, fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+3.3% per year) and Russia (+11.4% per year).

In value terms, China ($X), Canada ($X) and Russia ($X) appeared to be the largest fertilizer suppliers to Malaysia, together comprising 63% of total imports. Lithuania, Jordan, Belarus, Indonesia, Belgium, Japan, Vietnam, Egypt, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, Singapore, with a CAGR of +13.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fertilizer import price amounted to $X per ton, increasing by 15% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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