Japan - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Japan - 2023
Contents:
- NPK Fertilizer Price in Japan (CIF) - 2023
- NPK Fertilizer Price in Japan (FOB) - 2023
- NPK Fertilizer Imports in Japan
- NPK Fertilizer Exports in Japan
NPK Fertilizer Price in Japan (CIF) - 2023
The average NPK fertilizer import price stood at $823 per ton in September 2023, reducing by -11.3% against the previous month. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in May 2023 an increase of 28% against the previous month. As a result, import price reached the peak level of $1,494 per ton. From June 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($2,909 per ton), while the price for Russia ($552 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (-0.0%), while the prices for the other major suppliers experienced a decline.
NPK Fertilizer Price in Japan (FOB) - 2023
The average NPK fertilizer export price stood at $1,475 per ton in September 2023, with an increase of 42% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 43% against the previous month. The export price peaked at $1,932 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was China ($1,835 per ton), while the average price for exports to Taiwan (Chinese) ($950 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.
NPK Fertilizer Imports in Japan
In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported into Japan fell significantly to 50K tons, reducing by -32.3% compared with 2021. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 0.2% against the previous year.
In value terms, NPK fertilizer imports stood at $47M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of NPK Fertilizer in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.7 | 13.9 | 13.2 | 11.8 | -7.1% |
South Korea | 12.8 | 12.4 | 15.3 | 11.3 | -4.1% |
Norway | 3.9 | 1.0 | 4.3 | 7.2 | 22.7% |
United States | 3.6 | 3.2 | 3.4 | 4.4 | 6.9% |
Finland | N/A | 1.6 | N/A | 2.9 | 34.6% |
Vietnam | 3.5 | 0.1 | 0.1 | 2.1 | -15.7% |
Russia | 1.4 | 0.9 | 1.7 | 1.3 | -2.4% |
Jordan | 2.3 | 2.0 | 1.5 | N/A | -19.2% |
Others | 3.5 | 3.4 | 3.4 | 5.7 | 17.7% |
Total | 45.8 | 38.6 | 43.0 | 46.6 | 0.6% |
Top Suppliers of NPK Fertilizer to Japan in 2022:
- China (14.1K tons)
- South Korea (13.4K tons)
- Norway (7.6K tons)
- Vietnam (5.0K tons)
- Finland (2.9K tons)
- Russia (2.1K tons)
- United States (1.6K tons)
NPK Fertilizer Exports in Japan
NPK fertilizer exports from Japan declined to 30K tons in 2022, with a decrease of -1.6% against 2021 figures. In general, exports showed a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of 1.7% against the previous year.
In value terms, NPK fertilizer exports expanded to $42M in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 6% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of NPK Fertilizer in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 15.4 | 17.6 | 16.9 | 22.2 | 13.0% |
China | 7.0 | 7.9 | 8.3 | 7.9 | 4.1% |
Taiwan (Chinese) | 6.4 | 5.9 | 6.0 | 5.8 | -3.2% |
South Korea | 3.9 | 1.3 | 3.4 | 2.0 | -20.0% |
Australia | 0.7 | 0.7 | 1.0 | 0.9 | 8.7% |
Others | 5.8 | 4.4 | 4.6 | 3.4 | -16.3% |
Total | 39.2 | 37.9 | 40.2 | 42.1 | 2.4% |
Top Export Markets for NPK Fertilizer from Japan in 2022:
- United States (12.3K tons)
- China (7.0K tons)
- Taiwan (Chinese) (6.4K tons)
- South Korea (1.8K tons)
- Australia (0.5K tons)
This report provides an in-depth analysis of the npk fertilizer market in Japan. 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 4021 - NPK fertilizers
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.