Indonesia: Fertilizer Market 2024

Fertilizer Market Size in Indonesia

In 2022, the Indonesian fertilizer market increased by X% to $X, rising for the second year in a row after two years of decline. The market 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 throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Indonesia

In value terms, fertilizer production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Fertilizer Exports

Exports from Indonesia

In 2022, shipments abroad of fertilizers decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, fertilizer exports skyrocketed to $X in 2022. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), India (X tons) and the Philippines (X tons) were the main destinations of fertilizer exports from Indonesia, together comprising X% of total exports. Chile, Peru, Argentina, Malaysia, Mozambique, Vietnam, Sri Lanka, Thailand, Mexico and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for fertilizer exported from Indonesia were Australia ($X), India ($X) and the Philippines ($X), together comprising X% of total exports. Chile, Argentina, Malaysia, Mozambique, Peru, Vietnam, Sri Lanka, Thailand, China and Mexico lagged somewhat behind, together comprising a further X%.

Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a perceptible increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Peru ($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 Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Indonesia

Fertilizer imports into Indonesia surged to X tons in 2022, growing by X% compared with the previous year's figure. In general, total imports indicated prominent 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 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports surged to $X in 2022. Overall, imports posted a notable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Russia (X tons) and China (X tons) were the main suppliers of fertilizer imports to Indonesia, together accounting for X% of total imports. Egypt, Jordan, Lao People's Democratic Republic, Australia and Belarus lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer suppliers to Indonesia were Canada ($X), Russia ($X) and China ($X), together accounting for X% of total imports. Jordan, Lao People's Democratic Republic, Egypt, Belarus and Australia lagged somewhat behind, together comprising a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, surging by X% against the previous year. In general, the import price, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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