Vietnam Fertilizer Standard Report 2015
Fertilizer sector plays an important role in the economic development of Vietnam, especially in 2014, net revenue of fertilizer enterprises reached the average percentage of more than 17%. This was thanks to new achievements in transforming production technologies of chemical fertilizers into the most advanced forms. However, owing to pricing decrease of fertilizers worldwide as well the upward movement of input material cost, revenue growth of fertilizer sector is predicted to slow down but still remain positive. This report performed by VIRAC’s team stays focus on fertilizer industry, with the desire of providing readers a deeper and general look insight Vietnam fertilizer manufacturing.
To be more detail, the study covers all the criteria related to fertilizer market, including macroeconomic situation, legal barriers and industry performance of both Vietnam and global market. By giving specific and reliable figures about global fertilizer manufacture and putting Vietnam’s situation on comparative scale with China, the world leader in fertilizer production and other developed countries, VIRAC’s investigators help readers understand the possible challenges and future plans as well. Accordingly, the most striking risk was the oversupply in the period 2014 – 2015, in which nutrient supply by component is calculated to rise almost 4% meanwhile demand declined just over 2%. Even though the fertilizer supply was rising, it still can’t meet the equivalent amount of domestic demand. This is caused by numerous contributing factors, consisting of government’s policies, price of other inputs and agriculture product price.
In addition, the report reveals a list of top 10 enterprises which have primary contribution to total net revenue and turnover export of Vietnam. Since reaching the top spot at ranking of producing and distributing Urea, Phu My hold the first position (more than 1/10 of the total revenue share) in making profit hitherto.
Key points covered in this report:
To be more detail, the study covers all the criteria related to fertilizer market, including macroeconomic situation, legal barriers and industry performance of both Vietnam and global market. By giving specific and reliable figures about global fertilizer manufacture and putting Vietnam’s situation on comparative scale with China, the world leader in fertilizer production and other developed countries, VIRAC’s investigators help readers understand the possible challenges and future plans as well. Accordingly, the most striking risk was the oversupply in the period 2014 – 2015, in which nutrient supply by component is calculated to rise almost 4% meanwhile demand declined just over 2%. Even though the fertilizer supply was rising, it still can’t meet the equivalent amount of domestic demand. This is caused by numerous contributing factors, consisting of government’s policies, price of other inputs and agriculture product price.
In addition, the report reveals a list of top 10 enterprises which have primary contribution to total net revenue and turnover export of Vietnam. Since reaching the top spot at ranking of producing and distributing Urea, Phu My hold the first position (more than 1/10 of the total revenue share) in making profit hitherto.
Key points covered in this report:
- International business environment and Vietnam general situation.
- Industry performance, including both Fertilizer production and consumption of typical nations.
- Detailed data and figures of Vietnam Fertilizer Industry, including:
- Structure of major fertilizers
- Revenue growth rate and market share by revenue
- Paddy field areas, structure of rice area by crop
- Coal consumption by industry and coal revenue by area
- Coal supply and demand forecast
- Fertilizer supply and demand/ import and export
- Fertilizer inventories
- Fertilizer price movement
- Vietnam Fertilizer industry outlook, risks and forecast in the period 2015 – 2020.
- Root causes contributing to the oversupply and fertilizer’s pricing decline.
- Fertilizer operating analysis of top 10 enterprises in Vietnam.
EXECUTIVE SUMMARY
1. BUSINESS ENVIRONMENT
1.1. Macroeconomics
Figure 1. CNY/VND Rate, 2014 – Q1/2016
Figure 2. GDP & CPI, 2010 – 2015
Figure 3. Foreign Exchange Reserve
Figure 4. VND/USD Exchange Rate, 2010 – 2015
1.2. Legal Barriers
2. INDUSTRY PERFORMANCE
2.1. Global Fertilizer Market
2.1.1. Supply – Demand
Figure 6. Fertilizer Demand by Nutrients and Nutrients Supply, 2012 – 2015e
2.1.2. Import – Export
Figure 7. Export
Figure 8. Import
Figure 9. Export structure by volume, 2014
Figure 10. Import structure by volume, 2014
2.2. Vietnam Fertilizer Situation
2.2.1. Industry Background
2.2.2. Definition and Classification
Figure 11. Based on the amount of necessary nutrient components
Figure 12. Based on origin
Figure 13. Structure of major fertilizers, 2014
2.2.3. Market Scale and Feature
Figure 14. Revenue growth rate by year, 2014 – 2015
Figure 15. Market share by revenue
Figure 16. Structure of Rice Area by Crop
Figure 17. Paddy Field Area
Figure 18. Rice Production By Crop
2.2.4. Major activities
2.2.5. Supply – Demand
Figure 19. Supply - Demand, 2010 – Q1/2016e
Figure 20. Production – Consumption, 2010 – Q1/2016e
Figure 21. Domestic Production, 2010 – Q1/2016e
Figure 22. Demand and Real consumption, 2010 – Q1/2016e
Table 1. Production capacity of large domestic enterprises, Q1/2016D
Table 2. Capacity of some Vietnam’s fertilizer plants
2.2.6. Import – Export
Figure 23. Fertilizer import, 2010 – Q1/2016e
Figure 24. Structure of import volume by countries, 2014 – 2015
Figure 25. Fertilizer Import, Q1/2016
Figure 26. Import Structure by countries, Q1/2016
Figure 27. Fertilizer export, 2010 – Q1/2016e
Figure 28. Structure of export volume by country, 2014 – 2015
Figure 29. Fertilizer export by countries, Q1/2015 - Q1/2016
2.2.7. Inventories
Figure 30. Inventories, 2010 – 2015e
2.3. Planning
3. ENTERPRISE ANALYSIS
3.1. Top 10 Enterprises
Table 4. Top 10 enterprises with largest revenues in 2014 (Group of listed enterprises)
3.2. Business Performance Indicator Group
Figure 39. Net revenues, 2014 – 2015
Figure 40. EBITDA, 2015
Figure 41. Financial Cost, 2014 – 2015
Figure 42. Sales Cost, 2014 – 2015
Figure 43. Enterprise Management Cost, 2014 – 2015
3.3. Financial Indicator Group
Figure 44. Total Assets, 2014 – 2015
Figure 45. Inventory turnover, 2015
Figure 46. Receivables turnover, 2015
Figure 47. Profitability indicators, 2015
3.4. Cash Flow Indicator Group
Table 5. Net Cash Flow from Operations of some Vietnamese Fertilizer Enterprises
Table 6. Net Cash Flow from Investments of some Vietnamese Fertilizer Enterprises
Table 7. Net Cash Flow from Financing of some Vietnamese Fertilizer Enterprises
1. BUSINESS ENVIRONMENT
1.1. Macroeconomics
Figure 1. CNY/VND Rate, 2014 – Q1/2016
Figure 2. GDP & CPI, 2010 – 2015
Figure 3. Foreign Exchange Reserve
Figure 4. VND/USD Exchange Rate, 2010 – 2015
1.2. Legal Barriers
2. INDUSTRY PERFORMANCE
2.1. Global Fertilizer Market
2.1.1. Supply – Demand
Figure 6. Fertilizer Demand by Nutrients and Nutrients Supply, 2012 – 2015e
2.1.2. Import – Export
Figure 7. Export
Figure 8. Import
Figure 9. Export structure by volume, 2014
Figure 10. Import structure by volume, 2014
2.2. Vietnam Fertilizer Situation
2.2.1. Industry Background
2.2.2. Definition and Classification
Figure 11. Based on the amount of necessary nutrient components
Figure 12. Based on origin
Figure 13. Structure of major fertilizers, 2014
2.2.3. Market Scale and Feature
Figure 14. Revenue growth rate by year, 2014 – 2015
Figure 15. Market share by revenue
Figure 16. Structure of Rice Area by Crop
Figure 17. Paddy Field Area
Figure 18. Rice Production By Crop
2.2.4. Major activities
2.2.5. Supply – Demand
Figure 19. Supply - Demand, 2010 – Q1/2016e
Figure 20. Production – Consumption, 2010 – Q1/2016e
Figure 21. Domestic Production, 2010 – Q1/2016e
Figure 22. Demand and Real consumption, 2010 – Q1/2016e
Table 1. Production capacity of large domestic enterprises, Q1/2016D
Table 2. Capacity of some Vietnam’s fertilizer plants
2.2.6. Import – Export
Figure 23. Fertilizer import, 2010 – Q1/2016e
Figure 24. Structure of import volume by countries, 2014 – 2015
Figure 25. Fertilizer Import, Q1/2016
Figure 26. Import Structure by countries, Q1/2016
Figure 27. Fertilizer export, 2010 – Q1/2016e
Figure 28. Structure of export volume by country, 2014 – 2015
Figure 29. Fertilizer export by countries, Q1/2015 - Q1/2016
2.2.7. Inventories
Figure 30. Inventories, 2010 – 2015e
2.3. Planning
3. ENTERPRISE ANALYSIS
3.1. Top 10 Enterprises
Table 4. Top 10 enterprises with largest revenues in 2014 (Group of listed enterprises)
3.2. Business Performance Indicator Group
Figure 39. Net revenues, 2014 – 2015
Figure 40. EBITDA, 2015
Figure 41. Financial Cost, 2014 – 2015
Figure 42. Sales Cost, 2014 – 2015
Figure 43. Enterprise Management Cost, 2014 – 2015
3.3. Financial Indicator Group
Figure 44. Total Assets, 2014 – 2015
Figure 45. Inventory turnover, 2015
Figure 46. Receivables turnover, 2015
Figure 47. Profitability indicators, 2015
3.4. Cash Flow Indicator Group
Table 5. Net Cash Flow from Operations of some Vietnamese Fertilizer Enterprises
Table 6. Net Cash Flow from Investments of some Vietnamese Fertilizer Enterprises
Table 7. Net Cash Flow from Financing of some Vietnamese Fertilizer Enterprises
