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

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

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Vietnam: Fertilizer Market 2022

Fertilizer Market Size in Vietnam

In 2021, after three years of decline, there was growth in the Vietnamese fertilizer market, when its value increased by 1.6% to $X. Overall, consumption saw a mild decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Fertilizer Production in Vietnam

In value terms, fertilizer production reached $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Fertilizer Exports

Exports from Vietnam

In 2021, overseas shipments of fertilizers decreased by -14.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% 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 increased by +69.3% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, fertilizer exports dropped to $X in 2021. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 when exports increased by 31%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cambodia (X tons) was the main destination for fertilizer exports from Vietnam, with a 53% share of total exports. Moreover, fertilizer exports to Cambodia exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. Indonesia (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+12.5% per year) and Indonesia (+1.9% per year).

In value terms, Cambodia ($X) remains the key foreign market for fertilizer exports from Vietnam, comprising 47% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by Indonesia, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia stood at -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+15.3% per year) and Indonesia (-3.3% per year).

Export Prices by Country

In 2021, the average fertilizer export price amounted to $X per ton, rising by 5.3% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 18%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Zambia ($X per ton) and Malaysia ($X per ton), while the average price for exports to Ghana ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Fertilizer Imports

Imports into Vietnam

In 2021, approx. X tons of fertilizers were imported into Vietnam; falling by -8.2% compared with 2020 figures. In general, imports recorded a mild contraction. The pace of growth was the most pronounced in 2013 with an increase of 25%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, fertilizer imports contracted to $X in 2021. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when imports increased by 17%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of fertilizer to Vietnam, with a 42% share of total imports. Moreover, fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. The third position in this ranking was held by Indonesia (X tons), with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+3.4% per year) and Indonesia (+60.1% per year).

In value terms, China ($X) constituted the largest supplier of fertilizer to Vietnam, comprising 36% of total imports. The second position in the ranking was held by Russia ($X), with a 9.7% share of total imports. It was followed by Indonesia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-2.7% per year) and Indonesia (+68.5% per year).

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, saw a perceptible setback. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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, with a combined 33% share 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, with a combined 35% share of global production. These countries were followed by Canada, the United States, Belarus, Indonesia, Morocco, Saudi Arabia, the Netherlands, Pakistan, Brazil and Iran, which together accounted for a further 31%.
What are the leading suppliers of fertilizers to Vietnam?
+
In value terms, China constituted the largest supplier of fertilizer to Vietnam, comprising 36% of total imports. The second position in the ranking was taken by Russia, with a 9.7% share of total imports. It was followed by Indonesia, with a 7.3% share.
What are the leading importers of fertilizers from Vietnam?
+
In value terms, Cambodia remains the key foreign market for fertilizer exports from Vietnam, comprising 47% of total exports. The second position in the ranking was held by Malaysia, with an 11% share of total exports. It was followed by Indonesia, with a 7% share.
What is the average export price for fertilizers in Vietnam?
+
In 2021, the average fertilizer export price amounted to $328 per ton, growing by 5.3% against the previous year.
What is the average import price for fertilizers in Vietnam?
+
In 2021, the average fertilizer import price amounted to $256 per ton, leveling off at the previous year.

This report provides an in-depth analysis of the fertilizer market in Vietnam. 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:
• Vietnam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Vietnam
• 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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