SUMMARY
 
In May 2023, both export and domestic consumption continued to improve. Accordingly, production and import both increased quite well. Export volume in the month reached the highest level since October 2022 until now. Domestic consumption also improved due to the summer-autumn rice crop.
 
However, in general, the industry is still facing difficulties because the selling and exporting price level is much lower than in the same period last year. Meanwhile, the recent increase in the average retail electricity price has also partly caused additional cost challenges for businesses.
 
Accumulated 5M/2023, production output and export both decreased over the same period. To overcome difficulties, big brands are trying to keep their domestic market share and look for new export markets.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION
 
B. FERTILIZER PRICE PERFORMANCE
World URE/DAP fertilizer price movements
Price movements of imported fertilizers
Price movements in the country
 
C. VIETNAM FERTILIZER SUPPLY AND DEMAND OVERVIEW 5M/2023 
 
D. PRODUCTION SITUATION
Total production output 5M/2023 & May 2023
Production output of NPK, Urea, DAP, Phosphate fertilizer 5M (2019 – 2023)
Production output of NPK, Urea, DAP, Phosphate fertilizer by month
 
E. IMPORT SITUATION
Total output, import value 5M (2019 – 2023)
Import volume of each type of fertilizer 5M (2019 – 2023) 
Import volume of each type of fertilizer by month
Structure of import sources 5M/2023 
Situation of some major import markets 5M (2019 – 2023)
 
F. EXPORT SITUATION
Total output, export value 5M (2019 – 2023)
Movement of average export prices by month
Structure of export markets 5M/2023 
Situation of some major export markets 5M (2019 – 2023)
 
G. TOP EXPORT ENTERPRISE