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Thailand Complex (NPK) Fertilizer Market Outlook to 2022: Ken Research

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..

India, 13 March 2018 -- 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.
By Grade: NPK 15-15-15 was the most widely used complex fertilizer in Thailand and accounted for ~% market share in overall complex fertilizer market in 2017. NPK 16-16-8, NPK 16-8-8 and NPK 10-10-16 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 Thailand were majorly utilized for cultivation of cereals and comprised for about ~% of the market share in 2017, in terms of consumption volume. Fruits and vegetables, Oilseeds and all others accounted for ~%, ~% and ~% market share, respectively.
Competition Scenario
Thailand's chemical fertilizer market is highly competitive with top 5 players comprising over ~% of the market share, in terms of revenue in 2017. The market is largely import based with very limited domestic manufacturing capabilities. Raw materials are almost entirely imported in the country. As a result, some of the leading European countries have resorted to importing and distributing complex fertilizer products in the country rather than setting up production units. Traders largely imported finished fertilizers and subsequently marketed them.
Thai Central Chemical Public Company was the largest players operating in this space. It imported majority of the raw materials and produced both granulated and blended complex fertilizers. As of 2017, the company had ~% market share in the overall complex fertilizer market, in terms of revenue. Yara International, ICL Fertilizers and Chia Tai were other leading players in this sector. All these companies do not have any manufacturing facility in Indonesia and only imported and supplied complex fertilizers to the domestic market. Yara, ICL and Chia Tai accounted for ~%, ~% and ~% market share in 2017, respectively. Terragro Fertilizer Company had manufacturing unit for complex fertilizers in Thailand and comprised for ~% market share in 2017.
Thailand Complex Fertilizer Market Future Outlook and Projections
Despite dependence on external factors as machinery, raw materials and energy, Thailand's complex fertilizer industry will remain just as indispensable to the future of economic development as it has been during the past decades. Thailand, after all, is an agricultural country. Besides, its fertilizer use per hectare of land is still well below other Asian countries. Consumption of complex fertilizers in Thailand is expected to grow at a CAGR of ~% during the period 2017-2022. Ken Research estimates the consumption of complex fertilizer to grow in the next five years, rising from ~ million MT in 2018 to ~ million MT by 2022. Average selling prices of NPKs are most likely to improve 2018 onwards owing to recovery in agricultural commodities’ prices and rise in prices of raw materials. Complex fertilizers market is anticipated to be worth USD ~ million by 2022 rising from USD ~ million in 2018. This represents growth at a CAGR of ~% during the period 2017-2022.
Key Topics Covered in the Report:
Asia Complex Fertilizer Market Size by Revenue
Thailand Complex Fertilizer Market Size
Thailand Complex Fertilizer Market Segmentation by Form, By Type, By Grade, By Crops
Trade Scenario
Market Share Analysis of Major Players
Company Profiles of Major Players
Future Outlook and Projection for Thailand Complex Fertilizer Market
Analyst Recommendations
Future Outlook and Projection for Asia Complex Fertilizer Market
For more information on the research report, refer to below link:
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/thailand-complex-fertilizer-market/143970-104.html
Related Reports by Ken Research
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/asia-complex-npk-fertilizer-market/143884-104.html
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/indonesia-complex-fertilizer-market/143969-104.html
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/india-complex-fertilizer-market/143968-104.html

# # #


Media Contacts:
Ken Research
Ankur Gupta, Head Marketing & Communications

+91-124 423 0204

Submitted by kenresearch11, Ken Research Pvt. Ltd. on Tuesday, 13 March 2018 at 10:22 PM
Category: Business
 
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