Malaysia: Fertilizer Market 2024

Fertilizer Market Size in Malaysia

For the third year in a row, the Malaysian fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. Fertilizer consumption peaked in 2022 and is likely to continue growth in years to come.

Fertilizer Production in Malaysia

In value terms, fertilizer production totaled $X in 2022 estimated in export price. Over the period under review, production showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Fertilizer Exports

Exports from Malaysia

Fertilizer exports from Malaysia amounted to X tons in 2022, remaining constant against 2021. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, fertilizer exports surged to $X in 2022. Overall, exports saw a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Australia (X tons), Thailand (X tons) and India (X tons) were the main destinations of fertilizer exports from Malaysia, with a combined X% share of total exports. The Philippines, Japan, Papua New Guinea, New Zealand, Myanmar, Indonesia, Chile, Sri Lanka, Peru and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fertilizer exported from Malaysia were Australia ($X), Thailand ($X) and India ($X), with a combined X% share of total exports. Japan, the Philippines, New Zealand, Papua New Guinea, Myanmar, Indonesia, Chile, Sri Lanka, Romania and Peru lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Sri Lanka, with a CAGR of X%, saw the highest rates of growth with regard to 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 average fertilizer export price amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Malaysia

In 2022, overseas purchases of fertilizers increased by X% to X tons, rising for the second year in a row after three years of decline. In general, total imports indicated noticeable growth 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 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, fertilizer imports skyrocketed to $X in 2022. Overall, imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Canada (X tons), China (X tons) and Russia (X tons) were the main suppliers of fertilizer imports to Malaysia, with a combined X% share of total imports. Germany, Jordan, Vietnam, Egypt, Australia, Japan and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Jordan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), China ($X) and Russia ($X) were the largest fertilizer suppliers to Malaysia, with a combined X% share of total imports. Jordan, Germany, Vietnam, Belgium, Egypt, Australia and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Jordan, 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 more modest paces of growth.

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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