Southern Asia: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Southern Asia

For the third year in a row, the South Asian mixed fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Mixed Fertilizer Production in Southern Asia

In value terms, mixed fertilizer production fell modestly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable downturn. The growth pace was the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Mixed Fertilizer Exports

Exports in Southern Asia

In 2022, shipments abroad of mixed fertilizers decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed fertilizer exports reduced notably to $X in 2022. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons) represented roughly X% of total exports in 2022.

India was also the fastest-growing in terms of the mixed fertilizers exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest mixed fertilizer supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India totaled X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Mixed Fertilizer Imports

Imports in Southern Asia

In 2022, mixed fertilizer imports in Southern Asia soared to X tons, surging by X% against the previous year's figure. Total imports indicated a temperate expansion 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 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, mixed fertilizer imports skyrocketed to $X in 2022. In general, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. Bangladesh (X tons) took the second position in the ranking, followed by Pakistan (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mixed fertilizer imports into India stood at X%. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Pakistan experienced a relatively flat trend pattern. While the share of Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported mixed fertilizers in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports.

In India, mixed fertilizer imports increased 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: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, jumping by X% against the previous year. Overall, the import price saw a pronounced increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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