Key Market Indicators
Korean Fertilizer Export is projected to reach almost 250,000 metric tons by 2026. In 2021, the country was ranked 12th, with Germany overtaking with 243,020 metric tons, followed by Norway, Belgium and Finland. Korean Fertilizer Import is set to reach nearly 50,000 metric tons by 2026, up 2% on average year on year since 2007. In 2021, Korea was the 58th largest importer, with Switzerland coming in ahead with 43,980 metric tons, followed by Brazil, Spain and Thailand. Korean Fertilizer Production is forecast to reach 1.815 million metric tons by 2026, an average annual growth rate of 1.4% since 2007. In 2021, Indonesia was the largest producer of fertilizers with 1.669 million metric tons, followed by India, Vietnam and Indonesia.
