SUMMARY
 
In Q2/2023, the industry's exports remained gloomy, export volume decreased slightly compared to Q1 and decreased by 24% compared to the same period in 2022. In general, demand from export markets was weak. Support for exports mainly comes from the Cambodian market. Export volume to this market increased by 76% compared to Q1 and increased by 11% over the same period, accounting for more than 36% of the total export volume of the whole industry.
 
In contrast to exports, domestic fertilizer demand in Q2 was more favorable due to the summer-autumn rice planting season. Thanks to a more positive domestic consumption situation, the capacity of factories is running at a high level, and import volume has also increased significantly.
 
Forecast in Q3/2023: The export outlook has not yet shown signs of improvement. This is partly due to the increase in global fertilizer supply since China opened up.
 
TABLE OF CONTENTS 
 
A. GENERAL PERCEPTION
 
B. WORLD FERTILIZER PRICE PERFORMANCE & DOMESTIC SALE PRICE
 
C. OVERVIEW OF FERTILIZER SUPPLY IN VN & IMPORTS Q2 & 6M/2023
Production situation of each type of fertilizer
Structure of imported fertilizers
Import situation of each type of fertilizer
Market structure (source) of imports
 
D. EXPORT SITUATION Q2 & 6M/2023
Export situation
Export market structure
The situation of some major export markets
 
E. SALES OF TOP FERTILIZER EXPORTING ENTERPRISE 6M/2023