Vietnam Features a Low Concentration in the Fertilizer Market, with Local Companies Accounting for Approx 70% of the Market Share

Vietnamese Fertilizer Market

Dublin, Aug. 15, 2022 (GLOBE NEWSWIRE) — The “Analysis Report on Vietnam’s Fertilizer Market, 2022-2031” report has been added to ResearchAndMarkets.com’s providing.

Agriculture performs an necessary function in Vietnam’s financial system, with the agricultural inhabitants accounting for over 50% of the entire inhabitants, and arable and forest land accounting for 60% of the nation’s complete land space.

In keeping with the analyst’s evaluation, Vietnam includes a low focus within the fertilizer market, with native firms accounting for about 70% of the market share. Based mostly on the general income of Vietnam’s fertilizer market in 2020, the highest 5 firms accounted for about 28% of the market. Main fertilizer producers within the Vietnam market are adopting numerous methods similar to growth and partnerships to extend their market share.

The primary kinds of fertilizers exported from Vietnam are ammonium sulfate, phosphate diamine, NPK, and many others. The Philippines, Malaysia, Thailand, Laos, South Korea, and many others. are the primary export markets of Vietnam’s fertilizers.

On the identical time, yearly Vietnam imports greater than 1 million tons of fertilizers, amongst which, ammonium sulfate is essentially the most imported. At the moment, China is the biggest provider of fertilizers to Vietnam, accounting for almost 50% of the nation’s imports.

In keeping with the analyst’s evaluation, regardless of the influence of COVID-19 on Vietnam’s financial system, Vietnam’s fertilizer business nonetheless confirmed development in 2020. Regardless of provide chain and logistics disruptions, Vietnam’s fertilizer exports and imports are nonetheless on the rise. Particularly, fertilizer imports reached 3.64 million tons, up 7.2% YOY. Vietnam’s fertilizer exports additionally rose 38% in 2020 in comparison with 2019. In 2021, Vietnam exported 1.35 million tons fertilizer and imported 3.07 million tons fertilizer.

Though the demand for fertilizers in Vietnam in 2020 was adversely affected by excessive climate situations, typically, the enterprise state of affairs was good, with the main firms exhibiting important development in enterprise efficiency. The preferred distribution channels within the nation embrace distributor system, regional firm system and authoritative buying.

Fertilizer’s value in Vietnam’s market confirmed a fluctuating development in 2020, growing within the second half of the yr. Fertilizer costs continued to rise in 2021 as demand elevated and provide declined.

In keeping with the evaluation, the constructive outlook for agriculture is the issue driving the expansion of fertilizer consumption within the nation in 2022. The great climate and excessive costs of agricultural merchandise in Vietnam in 2022 will present good situations for farmers to extend planting for greater productiveness, which is able to enhance the demand for fertilizer.

Key Questions Answered:

• What are the important thing drivers, challenges, and alternatives for the Vietnam fertilizer business throughout 2022-2031?

• What’s the anticipated income of Vietnam’s fertilizer market throughout 2022-2031?

• What are the methods adopted by the important thing gamers available in the market to extend their market share within the business?

• Which phase of Vietnam’s fertilizer market is predicted to dominate the market in 2031?

• What are the most important adversarial elements going through the fertilizer business in Vietnam?

Key Matters Coated:

1 Overview of Vietnam
1.1 Geographical Scenario
1.2 Demographic Construction of Vietnam
1.3 Vietnam’s Financial system
1.4 Minimal Wage in Vietnam, 2011-2021
1.5 Impression of COVID-19 on Vietnam’s Fertilizer Trade

2 Growth Setting of Vietnam’s Fertilizer Trade
2.1 Growth Historical past of Fertilizer in Vietnam
2.2 Sorts of Fertilizers in Vietnam
2.3 Coverage Setting of Vietnam’s Fertilizer Trade

3 Provide and Demand state of affairs of Vietnam’s Fertilizer Trade
3.1 Provide Scenario
3.2 Demand Scenario

4 Import and Export of Fertilizer Trade in Vietnam
4.1 Import Standing
4.1.1 Import Quantity and Import Worth
4.1.2 Predominant Import Sources of Fertilizer in Vietnam
4.2 Export Standing
4.2.1 Export Quantity and Export Worth
4.2.2 Predominant Export Locations of Fertilizer in Vietnam

5 Market Competitors in Vietnam’s Fertilizer Trade
5.1 Limitations to Entry in Vietnam’s Fertilizer Trade
5.1.1 Model barrier
5.1.2 High quality Barrier
5.1.3 Capital Barrier
5.2 Aggressive Construction of Vietnam’s Fertilizer Trade
5.2.1 Bargaining energy of Fertilizer Suppliers
5.2.2 Bargaining Energy of Customers
5.2.3 Competitors in Vietnam’s Fertilizer Trade
5.2.4 Potential Entrants within the Fertilizer Trade
5.2.5 Substitutes for Fertilizer

6 Evaluation of Main Fertilizer Model Corporations in Vietnam
6.1 Binh Dien Fertilizer JSC (BFC)
6.1.1 Growth Historical past of Binh Dien Fertilizer JSC (BFC)
6.1.2 Predominant Merchandise of Binh Dien Fertilizer JSC (BFC)
6.1.3 Operation Mannequin of Binh Dien Fertilizer JSC (BFC)
6.2 Southern Fertilizer JSC
6.3 PetroVietnam Fertilizer and Chemical Corp.
6.4 Ninh Binh Phosphate Fertilizer JSC
6.5 Habac Nitrogenous Fertilizer & Chemical compounds Firm Restricted
6.6 Lam Thao Fertilizers and Chemical compounds JSC
6.7 Que Lam Group
6.8 Agricultural Merchandise and Supplies JSC (APROMACO)
6.9 Music Gianh Company
6.10 Thien Sinh JSC
6.11 DAP Dinh Vu Fertilizers
6.12 DUC Giang Chemical compounds

7 Outlook on Vietnam’s Fertilizer Trade, 2022-2031
7.1 Evaluation of Growth Components of Vietnam’s Fertilizer Trade
7.1.1 Drivers and Growth Alternatives for Vietnam’s Fertilizer Trade
7.1.2 Threats and Challenges to Vietnam’s Fertilizer Trade
7.2 Forecast on Vietnam’s Fertilizer Trade Provide
7.3 Forecast on Vietnam’s Fertilizer Market Demand
7.4 Forecast on Vietnam’s Fertilizer Import and Export

For extra details about this report go to https://www.researchandmarkets.com/r/fqqpog

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