Rising Imports for Bulk Blending to Play a Crucial Role in Thailand Fertilizer Industry: Ken Research

The fertilizer consumption in Thailand has remained at low levels as compared to other Asian countries such as China, India and Indonesia. However as the population and food production in the country grew, so did the demand for fertilizers thereby making it the fastest growing fertilizer industry of Asia. The country however has not been able to achieve sufficient production levels of fertilizers. Thus imports play a crucial role in the Thailand fertilizer industry.

The leading fertilizer companies in Thailand are Thai Central Public Company Limited, Yara International and Chia Tai which are the leading importers in the country. As the number of chemical fertilizer producing plants is less in the country, most of the straight fertilizers are imported in the country and are used for bulk blending. Various initiatives by the government as well changes in the crop consumption pattern have significantly contributed to the consumption of fertilizers in the country which has grown at a CAGR of 7.5% during 2006-2012.

Diversification of crop production such as greater production of perennial crops and the economies accruing from fertilizer distribution to the fertilizer companies and fertilizer use to farmers. In the coming years 2013-2017, increasing knowledge and awareness among the farmers would also help to increase the application rates in the country which was historically low as compared to the global average.
“Imports of fertilizers in Thailand growing at the fastest of 9.1% during 2006-2012 and reached 2,571.7 thousand tons nutrients in 2011” – According to the research report ‘Thailand Fertilizer Industry Outlook to 2017- Growth Fostered by Favorable Imports’ by Ken Research.
During 2013-2017, the fertilizer industry of Thailand would continue to be largely dependent on imports. The leading importers would be Thai Central, Chia Tai and Yara International. This would because of the fact that Thailand would continue to have a large of bulk blending plants and lesser fertilizer producing plants. The consumption of fertilizers in the country would reach ~ thousand tons nutrients in 2012 of which the majority of would be contributed by imports in the country.
The report provides detailed overview on the fertilizer market in Thailand and help reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, fertilizer companies and marketing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

 

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http://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/thailand-fertilizer-markert-research-report/450-104.html

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Tags: Asia, China, Fertilizer, Indonesia, Industry, Market, Report, Research, Thailand Fertilizer Industry