South-Eastern Asia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in South-Eastern Asia

The Southeast Asian nitrogenous fertilizer market shrank to $X in 2023, falling by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Nitrogenous Fertilizer Production in South-Eastern Asia

In value terms, nitrogenous fertilizer production rose sharply to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports in South-Eastern Asia

Nitrogenous fertilizer exports declined to X tons in 2023, dropping by X% on 2022 figures. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2022, and then declined in the following year.

In value terms, nitrogenous fertilizer exports contracted significantly to $X in 2023. Overall, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Malaysia (X tons) and Indonesia (X tons) represented the key exporters of nitrogenous fertilizers (mineral or chemical) in 2023, recording approx. X% and X% of total exports, respectively. Brunei Darussalam (X tons) held the next position in the ranking, followed by Vietnam (X tons). All these countries together held near X% share of total exports. Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brunei Darussalam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer supplying countries in South-Eastern Asia were Indonesia ($X), Malaysia ($X) and Vietnam ($X), with a combined X% share of total exports. Brunei Darussalam and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Brunei Darussalam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then contracted remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the other leaders experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports in South-Eastern Asia

In 2023, nitrogenous fertilizer imports in South-Eastern Asia skyrocketed to X tons, increasing by X% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, nitrogenous fertilizer imports dropped dramatically to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined remarkably in the following year.

Imports by Country

In 2023, Thailand (X tons), distantly followed by the Philippines (X tons), Vietnam (X tons), Malaysia (X tons) and Indonesia (X tons) were the largest importers of nitrogenous fertilizers (mineral or chemical), together comprising X% of total imports. The following importers - Myanmar (X tons) and Cambodia (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest nitrogenous fertilizer importing markets in South-Eastern Asia were Thailand ($X), the Philippines ($X) and Vietnam ($X), together accounting for X% of total imports. Malaysia, Indonesia, Myanmar and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a slight slump. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Myanmar ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform