Key Market Indicators
Indonesia's fertilizer export has dropped sharply in 2021, falling by 87.8% compared to the previous year. Since 2007, the supply has declined by 51.2%. The country is now ranked 80th, with Libya holding the top spot with 314.08 metric tons. Norway, Belgium, and Finland followed in the rankings. Indonesia's fertilizer import is expected to reach 320,070 metric tons by the end of 2026, a decrease of 0.5% year on year. Since 2007, the demand has been declining by 4.5%. In 2021, Hungary was number one, with 334,670 metric tons, while Brazil, Spain, and Thailand followed. Indonesia's fertilizer production is projected to hit 3,626,800 metric tons by 2026, an increase of 2% year on year on average. Since 2007, the market has grown 3.2% year on year. In 2021, Vietnam was ranked number one with 3,237,100 metric tons, followed by India, Vietnam, and Indonesia.