Fertilizer exports in October continued to be weak, down 21.3% over the same period, although they increased compared to the previous month. The increase in the month was due to a sudden increase in exports to Malaysia and South Korea, while exports to other markets still decreased sharply.
However, during the month, domestic fertilizer demand increased because it was entering the Winter-Spring sowing period. But the increase is still not much.
Fertilizer price outlook: According to Vietdata, world fertilizer prices are unlikely to increase significantly, but they are also unlikely to decrease deeply due to adverse factors. Vietnam's fertilizer exports are unlikely to increase strongly in the remainder of 2023, due to weak global demand. However Vietnamese exports may have opportunities if they know how to capture shifting orders from traditional partners of Chinese fertilizer (especially the South Korea market).
TABLE OF CONTENTS
A. GENERAL PERCEPTION
B. WORLD FERTILIZER PRICE PERFORMANCE & DOMESTIC SALE PRICE
C. MOVEMENT OF AVERAGE IMPORTED FERTILIZER PRICE
D. OVERVIEW OF FERTILIZER SUPPLY IN VN & IMPORTS 10M/2023
- Production situation of each type of fertilizer
- Structure of imported fertilizers
- Import situation of each type of fertilizer
- Market structure (source) of imports
E. EXPORT SITUATION 10M/2023
- Export situation
- Export market structure
- The situation of some major export markets
F. TOP FERTILIZER EXPORTING ENTERPRISE 10M/2023
G. EXPORT SITUATION & AVERAGE EXPORT PRICE OF SOME LARGE ENTERPRISES
[VI] FERTILIZER INDUSTRY REPORT - NOVEMBER 2023
Number of pages: 24 pages
Data series: Last 13 months
Release date: November 20, 2023