Vietnam has a low concentration in the fertilizer market, with local companies accounting for around 70% of the market share

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Vietnamese fertilizer market

Vietnamese fertilizer market

Vietnamese fertilizer market

Dublin, August 15, 2022 (GLOBE NEWSWIRE) – The “Research Report on Vietnam’s Fertilizer Market, 2022-2031” has been added to by offer.

Agriculture plays an important role in Vietnam’s economy, with the agricultural population accounting for over 50% of the total population and arable land and forests accounting for 60% of the country’s total land area.

According to the analyst’s analysis, Vietnam has a low concentration in the fertilizer market, with local companies accounting for around 70% of the market share. Based on the overall revenue of the Vietnam fertilizer market in 2020, the top five companies accounted for around 28% of the market. The major fertilizer manufacturers in the Vietnam market are adopting various strategies such as expansion and partnership 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 Vietnam’s main fertilizer export markets.

At the same time, Vietnam imports more than 1 million tons of fertilizers annually, of which ammonium sulfate is the most imported. Currently, China is the largest fertilizer supplier to Vietnam, accounting for nearly 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 disruptions in the supply chain and logistics, exports and Vietnam’s fertilizer 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.

While Vietnam’s fertilizer demand in 2020 was negatively impacted by extreme weather conditions, overall the business situation was good, with leading companies showing significant growth in business performance. The most popular distribution channels in the country include the distribution system, the regional business system, and authoritative purchasing.

The price of fertilizers in the Vietnamese market showed a fluctuating trend in 2020, increasing in the second half of the year. Fertilizer prices continued to rise in 2021 as demand increased and supply decreased.

According to the analysis, the positive outlook for agriculture is the factor driving the growth of fertilizer consumption in the country in 2022. The good weather and high prices of agricultural products in Vietnam in 2022 will provide good conditions for farmers to increase planting for higher productivity, which will increase the demand for fertilizer.

Key questions answered:

  • What are the key drivers, challenges and opportunities for the Vietnam fertilizer industry in 2022-2031?

  • What is the expected revenue of the Vietnam fertilizer market in the period 2022-2031?

  • What are the strategies adopted by the main market players to increase their market share in the sector?

  • Which segment of the Vietnam fertilizer market should dominate the market in 2031?

  • What are the main adverse factors facing the fertilizer industry in Vietnam?

Key topics covered:

1 Overview of Vietnam
1.1 Geographic situation
1.2 Demographic structure of Vietnam
1.3 The economy of Vietnam
1.4 Minimum wage in Vietnam, 2011-2021
1.5 Impact of COVID-19 on Vietnam’s fertilizer industry

2 Development environment of Vietnam’s fertilizer industry
2.1 History of fertilizer development in Vietnam
2.2 Types of fertilizers in Vietnam
2.3 Political environment of Vietnam’s fertilizer industry

3 Situation of supply and demand of the Vietnam fertilizer industry
3.1 Supply situation
3.2 Situation of the application

4 Import and export of the fertilizer industry in Vietnam
4.1 State of import
4.1.1 Import Volume and Import Value
4.1.2 Main sources of import of fertilizers in Vietnam
4.2 Export State
4.2.1 Export volume and export value
4.2.2 Main export destinations of fertilizers in Vietnam

5 Market competition in Vietnam’s fertilizer industry
5.1 Barriers to entry into Vietnam’s fertilizer industry
5.1.1 Brand Barrier
5.1.2 Quality barrier
5.1.3 Capital barrier
5.2 Competitive structure of the Vietnam fertilizer industry
5.2.1 Bargaining power of fertilizer suppliers
5.2.2 Bargaining power of consumers
5.2.3 Competition in Vietnam’s fertilizer industry
5.2.4 Potential competitors in the fertilizer sector
5.2.5 Fertilizer substitutes

6 Analysis of leading fertilizer brand companies in Vietnam
6.1 Binh Dien JSC (BFC) fertilizer
6.1.1 Binh Dien JSC (BFC) fertilizer development history
6.1.2 Main products of Binh Dien Fertilizer JSC (BFC)
6.1.3 Binh Dien JSC (BFC) fertilizer operating model
6.2 Southern fertilizer JSC
6.3 PetroVietnam Fertilizer and Chemical Corp.
6.4 Ninh Binh JSC phosphate fertilizer
6.5 Habac Nitrogen Fertilizers and Chemicals Company Limited
6.6 Fertilizers and chemicals Lam Thao JSC
6.7 Que Lam Group
6.8 JSC agricultural products and materials (APROMACO)
6.9 Song Gianh Corporation
6.10 Thien Sinh JSC
6.11 DAP Dinh Vu fertilizers
6.12 DUC Giang Chemicals

7 Perspectives on the fertilizer industry in Vietnam, 2022-2031
7.1 Analysis of the development factors of the Vietnam fertilizer industry
7.1.1 Drivers and development opportunities for Vietnam’s fertilizer industry
7.1.2 Threats and challenges for Vietnam’s fertilizer industry
7.2 Forecasts on the supply of the fertilizer industry in Vietnam
7.3 Forecasts on the demand of the fertilizer market in Vietnam
7.4 Forecasts on the import and export of fertilizers in Vietnam

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