Thailand Complex (NPK) Fertilizer Market 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.
·
Net
irrigated area in Thailand is expected to rise from 7.3 million hectares in
2017 to 8.1 million hectares by 2022.
·
Thailand’s
fertilizer usage is very low at around 153 kgs per hectare of arable land as
compared to around 530 kgs per hectare of China and 400 kgs per hectare of
Vietnam.
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. The country is likely to remain
highly dependent on imports to meet the domestic demands for complex
fertilizers.
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. Establishment of new manufacturing sites and capacity expansion of
existing facilities will fuel the domestic production of complex fertilizers in
the near future and drive the demand for NPKs in the country.
Growing emphasis on use of balanced chemical
fertilizers, curbing soil pollution and urgent need to improve agricultural
productivity is expected to augment the demand for complex fertilizers in
Thailand, according to Analyst at Ken Research.
Ken Research in its latest study, ThailandComplex (NPK) Fertilizer Market Outlook to 2022 – Highly Competitive and ImportBased Market suggested NPK 15-15-15 was the most widely used complex
fertilizer in Thailand, recording fastest growth during the last 5 years. Going
forward, utilization of NPK 15-15-15 is most likely to remain strong owing to
high consumer trust in this particular grade. Manufacturers should emphasize on
deteriorating soil health and encourage government bodies to increase subsidy
on complex fertilizers. Establishing mobile soil testing labs which would
access the soil conditions, crop nutrient requirements and
subsequently recommend the best possible
complex fertilizer grade that would improve yield and income would help a great
deal in establishing brand value.
Key Topics
Covered in the Report:
Thailand Complex Fertilizer Demand
Thailand Complex Fertilizer Consumption
Thailand Complex Fertilizer Production
Thailand Complex Fertilizer Market
Thailand Granulated NPK Consumption
Thailand Blended NPK Consumption
Thailand NPK Fertilizer Demand
Thailand NPK Fertilizer Consumption
Thailand NPK Fertilizer Production
Thailand NPK Fertilizer Market
Thai Central Chemical Installed Capacity
Production Capacity Complex Fertilizer Thai
Chia Tai Complex Fertilizer Sales
Terragro Fertilizer Complex Fertilizer Grades
Best Selling Grades Complex Fertilizer
Thailand
Thailand Complex Fertilizer Manufacturers
Forecast Sales Complex Fertilizer Thailand
Thailand NPK Sales Trends
NPK Export Thailand
Complex Fertilizer Import Thailand
Cereal Complex Fertilizer Use Thailand
Fertilizer Consumption Thailand
For more
information on the research report, refer to below link:
Related
Reports by Ken Research
Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-124 423 0204