Asia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Asia

The Asian potassic fertilizer market skyrocketed to $X in 2022, jumping by X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in Asia

In value terms, potassic fertilizer production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Potassic Fertilizer Exports

Exports in Asia

In 2022, overseas shipments of potassic fertilizers decreased by X% to X tons, falling for the second year in a row after nine years of growth. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassic fertilizer exports rose sharply to $X in 2022. Over the period under review, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Lao People's Democratic Republic was the major exporting country with an export of about X tons, which reached X% of total exports. Taiwan (Chinese) (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%), Uzbekistan (X%), China (X%) and Malaysia (X%). Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to potassic fertilizer exports from Lao People's Democratic Republic stood at X%. At the same time, Turkmenistan (X%), Vietnam (X%), Malaysia (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Uzbekistan experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. Lao People's Democratic Republic (X p.p.), Uzbekistan (X p.p.), Vietnam (X p.p.) and Turkmenistan (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and China saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest potassic fertilizer supplying countries in Asia were Taiwan (Chinese) ($X), Lao People's Democratic Republic ($X) and Vietnam ($X), together accounting for X% of total exports. Uzbekistan, China, Malaysia and Turkmenistan lagged somewhat behind, together comprising a further X%.

Turkmenistan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries 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 Asia amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked 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 Taiwan (Chinese) ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in Asia

In 2022, approx. X tons of potassic fertilizers were imported in Asia; with an increase of X% on the year before. Total imports indicated a prominent increase 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 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports soared to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value 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 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the largest importer of potassic fertilizers in Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by India (X%), Malaysia (X%), South Korea (X%) and Thailand (X%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Malaysia, Thailand, South Korea and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of 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

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Thailand ($X per ton) and India ($X per ton), while Taiwan (Chinese) ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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