Ken Research - Vietnam Fertilizer Market Sales Growth | Page 2

International Group, General Materials Biochemistry Fertilizer. The publication also includes trade
scenario, trends and developments and Future analysis with estimated production and consumption
projections has also been discussed along with analyst recommendations.
Vietnam Complex Fertilizer Market
Agriculture is a key sector in Vietnam’s economy; more than 70% of the country populations
are farmers. Vietnam is dependent on imports for manufacturing of complex fertilizers as it
lacks potash reserves. NPK fertilizers comprised for the largest share in overall fertilizer
sector by accounting for around ~% of the overall fertilizer demand in 2017. Existence of a
number of small scale complex fertilizer manufacturers has resulted in diverse quality of
complex fertilizers found in the country. The average selling price of NPK is ~% higher than
the selling price of Urea. Complex fertilizer market witnessed growth at a CAGR of ~%
during 2012-2017, inclining from USD ~ million in 2012 to USD ~ million in 2017.
Consumption of complex fertilizers grew at a CAGR of ~% during the period 2012-2017,
whereas, production grew at a CAGR of ~% during the same period.
Vietnam Complex Fertilizer Market Segmentation
By Region: Southern region comprising of 19 first tier administrative units was the largest
consumer of complex fertilizers in the country. As of 2017, the Southern comprised for about
~% market share of the overall complex fertilizer market, in terms of consumption volume.
On the other hand, Northern and Central region of Vietnam accounted for ~% and ~%
market share in 2017.
By Product Form: Blended form of complex fertilizers was widely used in Vietnam owing to
lower capital investment required in producing the same. Blended complex fertilizers
comprised for ~% of the market share as compared to ~% by granulated or fused complex
fertilizers.
By Product Type: Complex fertilizers comprising of three primary nutrients (nitrogen,
phosphorous and potassium) was widely consumed in Vietnam and accounted for ~%
market share in 2017. On the other hand, complex fertilizers comprising of two nutrients
accounted for ~% market share in 2017.
By Grade: NPK 16-16-8 was the most widely used complex fertilizer in Vietnam and
accounted for ~% market share in overall complex fertilizer market in 2017. NPK 20-5-5,
NPK 7-7-14, NPK 12-5-10 and NPK 15-15-15 were other popularly used fertilizer grade
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.
By Crops: Complex fertilizers in Vietnam were majorly utilized for cultivation of cereals and
comprised for about ~% of the market share in 2017, in terms of consumption volume.
Oilseeds, Fruits and vegetables and all others accounted for ~%, ~% and ~% market share,
respectively.
Competition Scenario
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