Dublin, Aug. 15, 2022 (GLOBE NEWSWIRE) — The “Research Report on Vietnam’s Fertilizer Market, 2022-2031” has been added to from ResearchAndMarkets.com offer.
Agriculture plays an important role in Vietnam’s economy, with the farming population accounting for more than 50% of the total population, and arable and forest land accounting for 60% of the country’s total land area.
According to the analyst’s analysis, Vietnam has low concentration in the fertilizer market, with local companies accounting for around 70% of the market share. Based on the overall Vietnamese fertilizer market revenue in 2020, the top five companies accounted for approximately 28% of the market. Major fertilizer producers in the Vietnamese market are adopting various strategies such as expansion and partnerships to increase their market share.
The main varieties of fertilizers exported from Vietnam are ammonium sulfate, diamine phosphate, NPK, etc. The Philippines, Malaysia, Thailand, Laos, South Korea, etc. are the main export markets for Vietnamese fertilizers.
At the same time, every year Vietnam imports more than one million tons of fertilizers, among which ammonium sulphate is the most imported. Currently, China is Vietnam’s largest fertilizer supplier, accounting for almost 50% of the country’s imports.
According to the analyst’s analysis, despite the impact of COVID-19 on Vietnam’s economy, Vietnam’s fertilizer industry still showed growth in 2020. Despite supply chain and logistics disruptions , Vietnam’s fertilizer exports and imports are still on the rise. In particular, fertilizer imports reached 3.64 million tons, up 7.2% year-on-year. Vietnam’s fertilizer exports also increased by 38% in 2020 compared to 2019. In 2021, Vietnam exported 1.35 million tons of fertilizer and imported 3.07 million tons of fertilizer.
Although Vietnam’s fertilizer demand in 2020 was affected by extreme weather conditions, the business situation was generally good, with major companies showing significant growth in their business performance. The most popular distribution channels in the country include distribution system, regional company system and authoritative purchases.
The price of fertilizer in the Vietnamese market showed a fluctuating trend in 2020, increasing in the second half. Fertilizer prices have continued to rise in 2021 as demand increases and supply decreases.
According to the analysis, the positive outlook for agriculture is the factor driving the growth of fertilizer consumption in the country in 2022. Good weather and high prices for agricultural products in Vietnam in 2022 will provide good conditions to farmers to increase planting for higher productivity. , which will increase the demand for fertilizer.
Answers to key questions:
- What are the key drivers, challenges and opportunities for Vietnam’s fertilizer industry between 2022 and 2031?
- What is the expected revenue of the Vietnam Fertilizer Market during the period 2022-2031?
- What are the strategies adopted by the major market players to increase their market share in the industry?
- Which segment of the Vietnam fertilizer market is expected to dominate the market in 2031?
- What are the major adverse factors facing the fertilizer industry in Vietnam?
Main topics covered:
1 Overview of Vietnam
1.1 Geographical location
1.2 Demographic structure of Vietnam
1.3 The Vietnamese economy
1.4 Minimum wage in Vietnam, 2011-2021
1.5 Impact of COVID-19 on Vietnam Fertilizer Industry
2 Vietnam Fertilizer Industry Development Environment
2.1 Vietnam Fertilizer Development History
2.2 Types of fertilizers in Vietnam
2.3 Vietnam Fertilizer Industry Policy Environment
3 Vietnam Fertilizer Industry Demand and Supply Situation
3.1 Supply Status
3.2 Application Status
4 Vietnam Fertilizer Industry Import and Export
4.1 Import Status
4.1.1 Import Volume and Import Value
4.1.2 Vietnam Major Fertilizer Import Sources
4.2 Export Status
4.2.1 Export volume and export value
4.2.2 Main Export Destinations of Fertilizers in Vietnam
5 Market Competition in Vietnam Fertilizer Industry
5.1 Barriers to Entry Vietnam Fertilizer Industry
5.1.1 Brand barrier
5.1.2 Quality barrier
5.1.3 Capital barrier
5.2 Competitive Structure of Vietnam Fertilizer Industry
5.2.1 Bargaining power of fertilizer suppliers
5.2.2 Bargaining power of consumers
5.2.3 Competition in Vietnam Fertilizer Industry
5.2.4 Potential Entrants in the Fertilizer Industry
5.2.5 Fertilizer substitutes
6 Analysis of Top Fertilizer Brands in Vietnam
6.1 Binh Dien JSC Fertilizer (BFC)
6.1.1 Binh Dien Fertilizer JSC (BFC) Development History
6.1.2 Major Products of Binh Dien Fertilizer JSC (BFC)
6.1.3 Working model of Binh Dien Fertilizer JSC (BFC)
6.2 Southern Fertilizer JSC
6.3 PetroVietnam Fertilizer and Chemical Corp.
6.4 Ninh Binh JSC Phosphate Fertilizers
6.5 Habac Nitrogenous Fertilizer & Chemicals Company Limited
6.6 Lam Thao Fertilizers and Chemicals JSC
6.7 Que Lam Group
6.8 JSC Agricultural Products and Materials (APROMACO)
6.9 Song Gianh Society
6.10 Thien Sinh JSC
6.11 Dinh Vu DAP Fertilizer
6.12 Duke Giang Chemicals
7 Vietnam Fertilizer Industry Outlook, 2022-2031
7.1 Vietnam Fertilizer Industry Development Factor Analysis
7.1.1 Development Drivers and Opportunities for Vietnam Fertilizer Industry
7.1.2 Threats and Challenges for Vietnam Fertilizer Industry
7.2 Vietnam Fertilizer Industry Supply Forecast
7.3 Vietnam Fertilizer Market Demand Forecast
7.4 Vietnam Fertilizer Import and Export Forecast
For more information about this report visit https://www.researchandmarkets.com/r/fqqpog
Vietnamese fertilizer market