Malaysia’s import of potassic mineral or chemical fertilizers experienced a significant decline from 2013 to 2017, with the value dropping from 680.32 million USD in 2013 to 449.72 million USD in 2017, marking continuous year-on-year decreases. However, from 2018, a recovery trend began with a noticeable increase of 24.59%, followed by more stable imports around 527.90 million USD from 2019 to 2023. In 2023, the import value stood at 527.98 million USD. The last five-year period reflects a very minimal growth trajectory with a CAGR of -1.18% up to 2023, indicating a stabilization in import levels.
Future trends to watch for:
- The market is forecasted to remain stable at around 528 million USD through to 2028.
- Potential changes in agricultural policy or global potassic fertilizer supply could impact future import levels.
