China, India, Thailand and Indonesia to Amplify the Consumption of Asia Fertilizer market until 2017: Ken Research
The consumption of fertilizers in Asia would be boosted by easing credit availability norms for farmers, increasing knowledge among the farmers, diversification of crop production and improving fertilizer distribution facilities.
The Asian fertilizer industry has majorly been contributed by Chinese and Indian economy during 206-2012 and these two countries remained the leading producer and consumers of fertilizer during 2006-2012. The overall Asian fertilizer market has grown at a CAGR of 3.3% over the period of 2006-2012 and the total consumption of fertilizers reached ~ thousand nutrient tons in 2012. The macro nutrient segment which comprises of nitrogen, phosphate and potash fertilizers has mainly been driven by the nitrogen fertilizers which comprised of more than half of the overall nitrogen market in most of the Asian economies particularly in East and South East Asia.
Though China has been the leading contributor to Asian fertilizer industry during 2006-2012 and will continue to be so even in the future years 2013-2017, the fastest growing fertilizer industry has been of Thailand which has grown at a CAGR of 7.5% during 2006-2012. In the coming years 2013-2017, Thailand would witness the fastest growing CAGR of 10.6% during 2012-2017 as compared to the other Asian countries. This is largely because of the fact that as compared to other global average, the fertilizer application rate in Thailand has historically been low. However as the farmers gained knowledge and awareness, the consumption rate in the country has increased. The fastest growing segment in the Thailand fertilizer industry boosting the overall consumption of fertilizers has been the potash fertilizers which grew at a CAGR of 11.5% during 2006-2012. The fertilizer industry of China is fragmented and has seen a lot of players producing nitrogen and phosphate fertilizers. Only few players such as Sinofert and Migao have been the leading players in the potash fertilizer market. India too has
The Asian fertilizer industry has majorly been contributed by Chinese and Indian economy during 206-2012 and these two countries remained the leading producer and consumers of fertilizer during 2006-2012. The overall Asian fertilizer market has grown at a CAGR of 3.3% over the period of 2006-2012 and the total consumption of fertilizers reached ~ thousand nutrient tons in 2012. The macro nutrient segment which comprises of nitrogen, phosphate and potash fertilizers has mainly been driven by the nitrogen fertilizers which comprised of more than half of the overall nitrogen market in most of the Asian economies particularly in East and South East Asia.
Though China has been the leading contributor to Asian fertilizer industry during 2006-2012 and will continue to be so even in the future years 2013-2017, the fastest growing fertilizer industry has been of Thailand which has grown at a CAGR of 7.5% during 2006-2012. In the coming years 2013-2017, Thailand would witness the fastest growing CAGR of 10.6% during 2012-2017 as compared to the other Asian countries. This is largely because of the fact that as compared to other global average, the fertilizer application rate in Thailand has historically been low. However as the farmers gained knowledge and awareness, the consumption rate in the country has increased. The fastest growing segment in the Thailand fertilizer industry boosting the overall consumption of fertilizers has been the potash fertilizers which grew at a CAGR of 11.5% during 2006-2012. The fertilizer industry of China is fragmented and has seen a lot of players producing nitrogen and phosphate fertilizers. Only few players such as Sinofert and Migao have been the leading players in the potash fertilizer market. India too has