Chia Tai Complex Fertilizer Sales, Thailand NPK Fertilizer Market - Ken Research

1
Thailand Complex (NPK) Fertilizer Market Outlook
to 2022 Ken Research
2
Thailand Complex (NPK) Fertilizer Market Outlook
to 2022 Highly Competitive and Import Based
Market provides a comprehensive analysis of the
complex fertilizer market in Thailand and covers
complex fertilizer market size, consumption of
complex fertilizers by product form
(Granulated/Fused or Blended), by type (two or
three nutrients), by crops (cereals, oilseeds,
fruits vegetables and others), by grade (NPK
15-15-15, NPK 16-16-8, NPK 16-8-8, NPK 10-10-16
and Others), company profile of major players
including Thai Central Chemical Public Company,
Yara International, ICL Fertilizers, Chia Tai,
Terragro Fertilizer Company, Ajinomoto, Rayong
Fertilizer Trading Co. The publication also
includes trade scenario, Trend and developments
and future analysis of Thailand complex
fertilizer market with estimated production and
consumption projections has also been discussed
along with analyst recommendations. Thailand
Complex Fertilizer Market The fertilizer
consumption in Thailand has remained at low
levels as compared to other Asian countries such
as China, India, Vietnam and Indonesia. However,
inclining population and food demand has resulted
in increase in consumption of complex fertilizers
in the country. Despite rise in demand, Thailand
has not been able to achieve sufficient
production levels of complex fertilizers.
3
Thus, imports play a crucial role in the Thailand
Complex Fertilizer Industry. Production
capability is very limited with most of the
straight fertilizers being imported in the
country and used for bulk blending. Raw materials
for manufacturing complex fertilizers are almost
entirely imported by the country due to lack of
necessary raw materials domestically. Production
of complex fertilizers inclined at a steady pace
in the last five years to meet the domestic
demands of the country. In fact, production of
complex fertilizers increased from million MT
in 2012 to million MT by 2017. This represented
growth at a CAGR of during the period
2012-2017. The market for complex fertilizers
grew from USD million in 2012 to USD million
in 2017, representing growth at a CAGR of
during the period 2012-2017. Thailand Complex
Fertilizer Market Segmentation By Product Form
Blended form of complex fertilizers was widely
used in Thailand owing to lower capital
investment required in producing the same.
Blended complex fertilizers comprised for of
the market share as compared to by granulated
or fused complex fertilizers. By Product Type
Complex fertilizers comprising of three primary
nutrients (nitrogen, phosphorous and potassium)
was widely consumed in Thailand and accounted for
market share in 2017. On the other hand,
complex fertilizers comprising of two nutrients
accounted for market share in 2017.
4
By Grade NPK 15-15-15 was the most widely used
complex fertilizer in Thailand and accounted for
market share in overall complex fertilizer
market in 2017. NPK 16-16-8, NPK 16-8-8 and NPK
10-10-16 were other popularly used fertilizer
grade which comprised for , and market
share respectively in 2017. All other
grades/formulas of complex fertilizers together
comprised for about of the market share in
2017. By Crops Complex fertilizers in Thailand
were majorly utilized for cultivation of cereals
and comprised for about of the market share in
2017, in terms of consumption volume. Fruits and
vegetables, Oilseeds and all others accounted for
, and market share, respectively. Competi
tion Scenario Thailand's chemical fertilizer
market is highly competitive with top 5 players
comprising over of the market share, in terms
of revenue in 2017. The market is largely import
based with very limited domestic manufacturing
capabilities. Raw materials are almost entirely
imported in the country. As a result, some of the
leading European countries have resorted to
importing and distributing complex fertilizer
products in the country rather than setting up
production units. Traders largely imported
finished fertilizers and subsequently marketed
them.
5
Thai Central Chemical Public Company was the
largest players operating in this space. It
imported majority of the raw materials and
produced both granulated and blended complex
fertilizers. As of 2017, the company had
market share in the overall complex fertilizer
market, in terms of revenue. Yara International,
ICL Fertilizers and Chia Tai were other leading
players in this sector. All these companies do
not have any manufacturing facility in Indonesia
and only imported and supplied complex
fertilizers to the domestic market. Yara, ICL and
Chia Tai accounted for , and market share
in 2017, respectively. Terragro Fertilizer
Company had manufacturing unit for complex
fertilizers in Thailand and comprised for
market share in 2017. Thailand Complex
Fertilizer Market Future Outlook and
Projections Despite dependence on external
factors as machinery, raw materials and energy,
Thailand's complex fertilizer industry will
remain just as indispensable to the future of
economic development as it has been during the
past decades. Thailand, after all, is an
agricultural country. Besides, its fertilizer use
per hectare of land is still well below other
Asian countries. Consumption of complex
fertilizers in Thailand is expected to grow at a
CAGR of during the period 2017-2022. Ken
Research estimates the consumption of complex
fertilizer to grow in the next five years, rising
from million MT in 2018 to million MT by 2022.
6
Average selling prices of NPKs are most likely to
improve 2018 onwards owing to recovery in
agricultural commodities prices and rise in
prices of raw materials. Complex fertilizers
market is anticipated to be worth USD million
by 2022 rising from USD million in 2018. This
represents growth at a CAGR of during the
period 2017-2022. Key Topics Covered in the
Report Asia Complex Fertilizer Market Size by
Revenue Thailand Complex Fertilizer Market
Size Thailand Complex Fertilizer Market
Segmentation by Form, By Type, By Grade, By
Crops Trade Scenario Market Share Analysis of
Major Players Company Profiles of Major
Players Future Outlook and Projection for
Thailand Complex Fertilizer Market Analyst
Recommendations Future Outlook and Projection for
Asia Complex Fertilizer Market
7
For more information on the research report,
refer to below link https//www.kenresearch.com/a
griculture-and-animal-care/crop-protection/thailan
d-complex-fertilizer-market/143970-104.html Relat
ed Reports by Ken Research https//www.kenresearch
.com/agriculture-and-animal-care/crop-protection/a
sia-complex-npk-fertilizer-market/143884-104.html
https//www.kenresearch.com/agriculture-and-anima
l-care/crop-protection/indonesia-complex-fertilize
r-market/143969-104.html https//www.kenresearch.
com/agriculture-and-animal-care/crop-protection/in
dia-complex-fertilizer-market/143968-104.html Con
tact Us Ken Research Ankur Gupta, Head
Marketing Communications Sales_at_kenresearch.com
91-124 423 0204