Key Market Indicators
Vietnamese fertilizer production is expected to reach almost 3.4 million metric tons by 2026, slightly up from 3.4 million metric tons in 2021. Since 2018, production has grown by an average of 1.9% year on year, and the country was ranked third in 2021. India, Vietnam and Indonesia respectively held the top three spots in this ranking. Vietnamese fertilizer imports are forecast to reach 361,140 metric tons by 2026, up from 331,290 metric tons in 2021, growing an average of 1.5% year on year. Since 2007, imports have increased by 4.8% year on year, and the country was ranked fourteenth in 2021, with Ireland overtaking it at 331,290 metric tons. Brazil, Spain and Thailand respectively came in the top three spots in this ranking. Vietnamese fertilizer exports are projected to reach 237,890 metric tons by 2026, up from 222,220 metric tons in 2021, with an average year on year growth of 1.2%. Since 2007, exports have dropped by 5.5% year on year, and the country was ranked fourteenth in 2021, with Italy overtaking it at 222,220 metric tons. Norway, Belgium and Finland respectively held the top three spots in this ranking.
