Vietnam Fertilizer Market Analysed & Forecast by VIRAC in Topical Research Report Recently Published at MarketPublishers.com23 Jun 2017 • by Natalie Aster
LONDON – During 2014-2015, the fertilizer market witnessed oversupply: the nutrient supply by component grew by slightly over 4%, while demand rose only by 2.04%. The oversupply in the fertilizer market, witnessed since 2014, is attributed to the shortage of natural gas supply, increasing volatility associated with trade measures and considerable decline of oil prices. Furthermore, the fertilizer prices also decreased over the years on the back of the oversupply and dropping prices of raw materials.
In Vietnam, average supply almost reaches 150%. Domestic producers focus mainly on single fertilizers. DAP and NPK are the only mixed fertilizers manufactured in the country, however, the quality standard is not satisfied. Meantime, SA and potash are not produced domestically, these types of fertilizers are imported.
Today, the Vietnamese fertilizer industry in in saturation state. Domestic products are in intense competition with imported ones. The consumption of fertilizer in the country tended to decline during the past several years owing to decreasing arable lands, effects of export prices of agricultural product and negative weather conditions. Furthermore, the demand for fertilizer in Vietnam is anticipated to continue dropping in the foreseeable future, resulting in a downward pressure on prices through 2020.
Cutting-edge research report by Vietnam Industry Research And Consultant (VIRAC), “Vietnam Fertilizer Comprehensive Report Q2.2017”, contains an all-round overview of the Vietnamese fertilizer market performance. The report offers a granular market segmentation analysis and examines the market dynamics with details on the major growth driving and limiting factors. Moreover, it provides access to updated statistics on the country’s production, consumption and foreign trade of different types of fertilizers; discloses important market performance estimates for 2010-2020, and comprises relevant data on the emerging trends and opportunities for the near future. Additionally, the report also examines the competitive scenario in the Vietnamese fertilizer market, profiles prominent market players and gives a future outlook through 2020.
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Other topical research reports by Vietnam Industry Research And Consultant (VIRAC) are available in its online catalogue at MarketPublishers.com.