Market Research Reports - Ken Research Thailand Complex (NPK) Fertilizer Market Outlook

Thailand Complex (NPK) Fertilizer Market Outlook to 2022: Ken Research
Thailand Complex (NPK) Fertilizer Market Outlook to 2022 – Highly Competitive and Import
Based Market” provides a comprehensive analysis of the complex fertilizer market in Thailand
and covers complex fertilizer market size, consumption of complex fertilizers by product form
(Granulated/Fused or Blended), by type (two or three nutrients), by crops (cereals, oilseeds,
fruits & vegetables and others), by grade (NPK 15-15-15, NPK 16-16-8, NPK 16-8-8, NPK 10-10-
16 and Others), company profile of major players including Thai Central Chemical Public
Company, Yara International, ICL Fertilizers, Chia Tai, Terragro Fertilizer Company, Ajinomoto,
Rayong Fertilizer Trading Co. The publication also includes trade scenario, Trend and
developments and future analysis of Thailand complex fertilizer market with estimated
production and consumption projections has also been discussed along with analyst
recommendations.
Thailand Complex Fertilizer Market
The fertilizer consumption in Thailand has remained at low levels as compared to other Asian
countries such as China, India, Vietnam and Indonesia. However, inclining population and food
demand has resulted in increase in consumption of complex fertilizers in the country. Despite
rise in demand, Thailand has not been able to achieve sufficient production levels of complex
fertilizers. Thus, imports play a crucial role in the Thailand Complex Fertilizer Industry.
Production capability is very limited with most of the straight fertilizers being imported in the
country and used for bulk blending. Raw materials for manufacturing complex fertilizers are
almost entirely imported by the country due to lack of necessary raw materials domestically.
Production of complex fertilizers inclined at a steady pace in the last five years to meet the
domestic demands of the country. In fact, production of complex fertilizers increased from ~
million MT in 2012 to ~ million MT by 2017. This represented growth at a CAGR of ~% during
the period 2012-2017. The market for complex fertilizers grew from USD ~ million in 2012 to
USD ~ million in 2017, representing growth at a CAGR of ~% during the period 2012-2017.
Thailand Complex Fertilizer Market Segmentation
By Product Form: Blended form of complex fertilizers was widely used in Thailand 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 Thailand and accounted for ~% market
share in 2017. On the other hand, complex fertilizers comprising of two nutrients accounted for
~% market share in 2017.