Asia Complex Fertilizer Market Research Data

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Asia Complex Fertilizer Market Research Data
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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.
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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. 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.  
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The agriculture and fertilizer sector in India is
highly dependent on monsoons. 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. The complex
fertilizer market declined at a CAGR of during
the period FY2012-FY2017 from USD million in
FY2012 to USD million in FY2017. This was
majorly due to decontrol of fertilizer prices by
the Indian government except for Urea, which
augment the demand for Urea and had a negative
effect on sale of complex fertilizers.
Furthermore, drought like situation in during
FY2013-FY2014, adversely impacted fertilizer
sales in the industry as a whole. Monsoon, on
which a major part of agriculture depends, was
erratic and inconsistent which led to condensed
demand for complex fertilizers in FY2017.
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.  
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To know more on Research methodology, Price and
other information on report, refer to below
link https//www.kenresearch.com/agriculture-and-
animal-care/crop-protection/asia-complex-npk-ferti
lizer-market/143884-104.html Related Reports by
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