South Korea Fertilizer Industry Outlook 2022 - 2026

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.

South Korea Fertilizer Market Data and Forecasts

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• Fertilizer Industry: A Comprehensive Examination of Prevailing Trends and Opportunities

  Over time, an increase in global food demand, due to exponential population growth, has understandably led to a surge in the need for fertilizers. A pivotal element for the agricultural industry, a key trend identified is the rise of organic and bio-fertilizers, reflecting environmental-focused consumer preferences. The pressing need for...

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• Fertilisers and Nitrogen Compounds: Navigating Dynamics of a Globally Influential Sector

  The production and use of fertilisers and nitrogen compounds contribute significantly to the global agricultural sector, with a consequential impact on food security worldwide. These core components of modern agribusiness are relied upon to boost crop yields, increase farmer productivity, and ultimately, stimulate economic growth in countries with strong agricultural...

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• Fertilizer Sector: Unveiling the Dynamics of Controlled Release Innovations

  Controlled Release Fertilizers (CRFs) are advanced agricultural innovations that offer gradual or delayed nutrient release, improving plant health while concurrently minimizing environmental impact. Such innovative fertilizers promise high-efficiency uptake, reducing the necessity for frequent applications and improving cost-effectiveness for farmers, while also reducing over-reliance on conventional fertilizers and resulting ecological...

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• Fertilizer Industry: Decoding Trends and Predicting Future Outcomes in Dynamic Environments

  Vietnam's fertilizer market has witnessed steadfast growth marked by steady demand, particularly in the agricultural sector. The country has been gradually shifting towards the use of environmentally conscious products; biofertilizers, for instance, have gained significant popularity. Simultaneously, Vietnam has been increasingly reliant on imports to cover its domestic fertilizer needs,...

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• Fertilizer Sector: Deep Dive into Comprehensive Market Reports

  Primarily dominated by agriculture, the Vietnamese economy heavily relies on the fertilizer industry. The increasing need to satisfy its growing population has remarkably boosted crop production, driving the industry's growth. Year-on-year, the market has demonstrated encouraging progress, underpinned by the rise in domestic demand and strong export dynamics. Trade liberalizations...

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