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South Korea Agricultural Input Industry Outlook 2022 - 2026

See how South Korea Agricultural Input performed compared to key markets such as Russia, Norway and Belgium.

Key Market Indicators

Korea's fertilizer exports are set to reach around 250,000 metric tons by 2026, up from 243,020 metric tons in 2021, representing a 0.3% year-on-year growth. This is an increase of 6.8% since 2007. In 2021, the country ranked 12th in the world, with Germany topping the list at 243,020 metric tons. Norway, Belgium, and Finland were the top three in the ranking. Korean fertilizer imports are expected to hit nearly 50,000 metric tons by 2026, up from 43,980 metric tons in 2021, with an average year-on-year growth of 2%. This is a 5% increase since 2007. In 2021, Korea was ranked 58th, with Switzerland leading the way at 43,980 metric tons. Brazil, Spain, and Thailand followed in the ranking. Korea's fertilizer production is estimated to reach 1,815,000 metric tons by 2026, up from 1,669,400 metric tons in 2021, with an average year-on-year growth of 1.4%. This is a 5.6% growth since 2007. In 2021, the country ranked 5th, with Indonesia leading the list at 1,669,400 metric tons. India, Vietnam, and Indonesia followed in the ranking.

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