Coromandel International Complex Fertilizer India,Grade wise Sales Complex Fertilizer India : Ken Research

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• India Complex Fertilizer Market Research Report
  Ken Research

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• Asian countries are behind US and European
  countries in terms of achieving agricultural crop
  yield. The focus on improving crop yields has
  driven the demand for complex fertilizers in the
  Asian subcontinent over the past decade. Asia
  complex fertilizer market registered moderate
  growth during 2012-2017, growing at a CAGR of ,
  to register revenues worth USD billion in 2017
  as compared to USD billion in 2012. Moderate
  growth was due to decline in consumption of
  complex fertilizers in certain key territories
  and slump in price of complex fertilizers, driven
  by decline in cost of raw materials in
  international markets. Overall, complex
  fertilizer production in Asia grew at a CAGR of
  during 2012-2017, whereas consumption of
  complex fertilizers grew at a CAGR of during
  the same period.
• China was the largest consumer and producer of
  complex fertilizers in Asia and accounted for
  about of the market in 2017.
• India ranked second and comprised for of the
  market share in 2017. Vietnam, Indonesia and
  Thailand were other major countries utilizing
  complex fertilizers in Asia and accounted for ,
  and market share respectively in 2017. All
  other Asian countries together comprised for
  remaining of the market.

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• NPK 16-16-8 was the most widely used complex
  fertilizer in Asia and accounted for market
  share in overall complex fertilizer market in
  2017. NPK 20-20-15 was the next popularly used
  fertilizer grade and comprised for market
  share in 2017. NPK 15-15-15 and NPK 20-20-0 were
  other popularly used complex fertilizers 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.
• India fertilizer industry is of very critical
  importance to the Indian Economy as it
  manufacturers raw material for agriculture
  purposes, which is the major occupation of the
  country. Agriculture is livelihood to 58 of the
  country's population and contributes up to 14 to
  the economy. The country has second largest
  arable land and is partly self-sufficient in
  meeting its nitrogen fertilizers, but it is
  primarily dependent on imports for its potash and
  phosphate needs. India has limited amount of rock
  phosphate of low grade which can only be utilized
  for production of SSP. The fertilizer industry is
  highly regulated and monitored by the Government
  of India. India has 21 units which produce DAP
  and complex fertilizers as of FY2017.

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• The monsoon in India is closely watched for
  agricultural activities as the agriculture and
  fertilizer sector is highly dependent on
  monsoons. Straight fertilizers such as Urea and
  DAP are highly subsidized in the country by the
  Indian government. In the case of complex
  fertilizers, the share in total subsidy has been
  on a declining trend due to partial decontrol of
  the sale price. Consumption of complex
  fertilizers declined at a CAGR of during the
  period FY2012-FY2017, whereas, production grew
  marginally at a CAGR of during
  FY2012-FY2017. Monsoon, on which a major part
  of agriculture depends, was erratic and
  inconsistent. Furthermore, decline in prices of
  complex fertilizers coupled with slump in
  consumption resulted in decline of the complex
  fertilizers market in the country.
• India imported about thousand MT of NPK
  fertilizers during 2016, majorly from Russia.
  Imports declined in 2016 by as much as as
  compared to 2015. Incline in domestic production
  of NPK fertilizers and lesser monsoon rainfall
  resulted in a decline in import demands during
  2016. Imports of NPKs have been heavily dependent
  on the agro-climatic conditions of the country.
  Hence, imports have registered sharp incline
  and/or decline in the last few years.

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• Russia was the biggest exporters of NPK
  fertilizers to India as of 2016, contributing
  about of the overall NPK imports of the
  country (in terms of volume). Latvia, Estonia and
  China were other major import destinations for
  India and accounted for , and of the
  total NPK imports, respectively in 2016.
• Granulated/fused form of complex fertilizers was
  widely used in India such that about of all
  complex fertilizers utilized in the country were
  of granulated or fused form. Tata Chemicals
  Limited (TCL), Coromandel International and Zuari
  Fertilisers and Chemicals Limited are the only
  companies known to have invested and established
  blending plant facilities for customized NPK
  production. However, the production capacities of
  these plants are very small and farmers are
  reluctant in experimenting new grades of NPKs.
  TCL was the first company in India to establish
  blending plant facility at Babrala, Uttar Pradesh
  in 2009. Major blended NPK grades sold include
  NPK 10-18-25, NPK 7-20-18 and NPK 19-19-19.

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• India complex fertilizer market is highly
  competitive and concentrated with top 5 players
  comprising for over of the market share, in
  terms of revenue in FY2017. In terms of complex
  fertilizer production, the top 5 players
  accounted for about of market share as of
  FY2017. There are about 13 companies (3 public,
  1 cooperative and 9 private companies) engaged in
  the production of complex fertilizer in India.
• Coromandel international was the market leader
  and comprised for market share in FY2017, in
  terms of revenue. The company produced around 2.4
  million MT of complex fertilizers during FY2017.
  IFFCO emerged as the second largest player in
  this space and comprised for market in 2017.
  Other prominent players included Paradeep
  Phosphates, Rashtriya Chemicals and Fertilizers
  Limited, Fertilizers and Chemicals Travancore,
  Gujarat State Fertilizers Chemicals Limited and
  Gujarat Narmada Valley Fertilizers Chemicals
  Limited which comprised for market shares of ,
  , , and , respectively in FY2017.

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• The Direct Transfer Benefit will soon be deployed
  across the country from 2018 onwards, since the
  pilot projects have indicated a success. The
  Point of Sales (PoS) machines will capture
  details of the farmer including Aadhaar number,
  details of the retailer, product purchased, farm
  land in which the commodity is used, health of
  the soil, land ownership details if available and
  the opening and closing stock of every retailer.
  This will help to bring soil health in focus and
  curb any pilferages and leakages in the subsidy
  reimbursement process as every sale made will be
  recorded in the POS machine. The process will
  streamline and enable in quick subsidy disbursal
  to the manufacturers within weeks and it will
  ensure the fertilizer is received by the farmer
  himself. Timely outgo of the subsidy will further
  revive the profits of the companies and also help
  in reducing the working capital pressures in the
  long run. Several companies including the likes
  of Coromandel International, Paradeep Phosphates
  and Fertilizers and Chemicals Travancore have
  announced investments to increase their
  production capacity of complex fertilizers.
• Ken Research estimates the consumption of complex
  fertilizer to grow at a CAGR of in the next
  five years, rising from million MT in FY2018
  to million MT in FY2022. Furthermore,
  production of complex fertilizers is expected to
  grow at healthy CAGR of during
  FY2017-FY2022, inclining from million MT in
  FY2018 to million MT by FY2022.
• NPK 20-20-0 was the most widely used complex
  fertilizer in India, recording fastest growth
  during the last 5 years. Going forward,
  utilization of NPK 20-20-0 is most likely to
  remain strong owing to comparatively cheaper
  price.

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• For more information on the research report,
  refer to below link
• https//www.kenresearch.com/agriculture-and-animal
  -care/crop-protection/india-complex-fertilizer-mar
  ket/143968-104.html
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