Report Singapore - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 17, 2022

Singapore - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Fertilizer Market 2022

Fertilizer Market Size in Singapore

The Singaporean fertilizer market was estimated at $X in 2021, with an increase of 13% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Fertilizer Production in Singapore

In value terms, fertilizer production stood at $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 15% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Fertilizer Exports

Exports from Singapore

In 2021, shipments abroad of fertilizers decreased by -6.4% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 41% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, fertilizer exports rose sharply to $X in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -11.6% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 39%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Australia (X tons) and Thailand (X tons) were the main destinations of fertilizer exports from Singapore, with a combined 36% share of total exports.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +28.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fertilizer exported from Singapore were Australia ($X), Malaysia ($X) and Indonesia ($X), with a combined 39% share of total exports.

Malaysia, with a CAGR of +14.5%, recorded 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

In 2021, the average fertilizer export price amounted to $X per ton, picking up by 20% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Zambia ($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 Sri Lanka (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Singapore

In 2021, fertilizer imports into Singapore declined dramatically to X tons, shrinking by -15.3% compared with the previous year's figure. In general, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 59%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, fertilizer imports soared to $X in 2021. Overall, imports showed a noticeable reduction. The growth pace was the most rapid in 2013 when imports increased by 19%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of fertilizer imports to Singapore, with a combined 62% share of total imports. These countries were followed by Japan, Germany, Saudi Arabia, Belgium and Israel, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +41.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), the United States ($X) and Germany ($X) appeared to be the largest fertilizer suppliers to Singapore, together accounting for 63% of total imports. These countries were followed by China, Japan, Saudi Arabia, Belgium and Israel, which together accounted for a further 34%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +43.3%, saw 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, jumping by 38% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fertilizer import price increased by +105.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 42% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for fertilizers in the world?
+
The countries with the highest volumes of consumption in 2021 were China, India and the United States, together comprising 33% of global consumption. These countries were followed by Brazil, Russia, Canada, Indonesia, Pakistan, France, Vietnam, Spain and Poland, which together accounted for a further 29%.
What are the largest producers of fertilizers in the world?
+
The countries with the highest volumes of production in 2021 were China, Russia and India, together accounting for 35% of global production. Canada, the United States, Belarus, Indonesia, Morocco, Saudi Arabia, the Netherlands, Pakistan, Brazil and Iran lagged somewhat behind, together comprising a further 31%.
What are the leading suppliers of fertilizers to Singapore?
+
In value terms, the largest fertilizer suppliers to Singapore were Malaysia, the United States and Germany, together accounting for 63% of total imports. These countries were followed by China, Japan, Saudi Arabia, Belgium and Israel, which together accounted for a further 34%.
What are the leading importers of fertilizers from Singapore?
+
In value terms, the largest markets for fertilizer exported from Singapore were Australia, Malaysia and Indonesia, with a combined 39% share of total exports.
What is the average export price for fertilizers in Singapore?
+
The average fertilizer export price stood at $306 per ton in 2021, increasing by 20% against the previous year.
What is the average import price for fertilizers in Singapore?
+
The average fertilizer import price stood at $502 per ton in 2021, jumping by 38% against the previous year.

This report provides an in-depth analysis of the fertilizer market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 4025 -
• FCL 4004 -
• FCL 4005 -
• FCL 4023 -
• FCL 4001 -
• FCL 4002 -
• FCL 4003 -
• FCL 4006 -
• FCL 4016 -
• FCL 4021 -
• FCL 4014 -
• FCL 4022 -
• FCL 4027 -
• FCL 4024 -
• FCL 4008 -
• FCL 4012 -
• FCL 4013 -
• FCL 4018 -
Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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