South-Eastern Asia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in South-Eastern Asia

In 2022, the Southeast Asian potassic fertilizer market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in South-Eastern Asia

In value terms, potassic fertilizer production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Potassic Fertilizer Exports

Exports in South-Eastern Asia

Potassic fertilizer exports skyrocketed to X tons in 2022, increasing by X% compared with 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, potassic fertilizer exports soared to $X in 2022. Overall, exports showed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Lao People's Democratic Republic represented the key exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Vietnam (X tons) and Malaysia (X tons), together creating a X% share of total exports. Thailand (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Lao People's Democratic Republic was also the fastest-growing in terms of the potassic fertilizers exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Lao People's Democratic Republic (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Indonesia and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest potassic fertilizer supplying countries in South-Eastern Asia were Lao People's Democratic Republic ($X), Vietnam ($X) and Malaysia ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Lao People's Democratic Republic, with a CAGR of X%, saw 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 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of potassic fertilizers increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports soared to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia was the main importer of potassic fertilizers in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X tons), Thailand (X tons) and Vietnam (X tons), together generating a X% share of total imports. The Philippines (X tons) took a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. While the share of Indonesia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported potassic fertilizers in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced reduction. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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