Asia-Pacific NPK Fertilizers Market Report 2025

Date: July 2, 2025

This report presents a comprehensive analysis of the Asia-Pacific market for mixed nitrogen, phosphorus, and potassium (NPK) fertilizers, highlighting market trends, forecasts, consumption, production, imports, and exports with a strong emphasis on Sustainable Development Goals (SDGs), particularly SDG 2 (Zero Hunger), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action).

Market Forecast

The Asia-Pacific NPK fertilizers market is projected to grow steadily, driven by increasing demand aligned with sustainable agricultural practices to support food security (SDG 2). From 2024 to 2035, the market volume is expected to increase at a CAGR of +0.8%, reaching 19 million tons by 2035. In value terms, the market is forecasted to grow at a CAGR of +2.0%, reaching $11.3 billion (nominal wholesale prices) by the end of 2035.

Consumption

Regional Consumption Overview

• In 2024, approximately 18 million tons of NPK fertilizers were consumed in Asia-Pacific, a slight decline of -3.3% compared to 2023.
• Consumption trends have remained relatively stable, peaking at 19 million tons, supporting sustainable agricultural productivity (SDG 2).
• The market value was estimated at $9.2 billion in 2024, maintaining stability from the previous year.

Consumption by Country

1. India: 5.1 million tons consumed, with a CAGR of +4.7% from 2013 to 2024.
2. Vietnam: 3.6 million tons consumed.
3. Indonesia: 3.5 million tons consumed.

These three countries accounted for 69% of total regional consumption, reflecting their critical role in achieving SDG 2 by enhancing agricultural yields.

• Per capita consumption was highest in Vietnam (36 kg), South Korea (30 kg), and Taiwan (29 kg) in 2024.
• India exhibited the most notable growth in consumption with a CAGR of +3.6% from 2013 to 2024.

Production

Regional Production Overview

• In 2024, Asia-Pacific produced 14 million tons of NPK fertilizers, a slight decrease of -2.5% from 2023.
• Production trends have been relatively flat, with a peak volume of 15 million tons recorded in 2021.
• The total production value was estimated at $7.8 billion in 2024 (export price), with an average annual growth rate of +1.1% from 2013 to 2024.

Production by Country

1. Vietnam: 3.6 million tons produced.
2. India: 3.5 million tons produced.
3. Indonesia: 3.4 million tons produced.

Together, these countries accounted for 74% of total regional production, contributing to sustainable industrial development (SDG 9) and responsible production (SDG 12).

• South Korea showed the highest production growth with a CAGR of +1.7% from 2013 to 2024.

Imports

Regional Import Trends

• Asia-Pacific imported approximately 4.9 million tons of NPK fertilizers in 2024, a decline of -1.6% from 2023.
• Import volumes grew at an average annual rate of +1.4% from 2013 to 2024, with fluctuations including a peak of 5.2 million tons in 2020.
• Import value stood at $2.5 billion in 2024, showing a relatively flat trend.

Imports by Country

1. India: 1.8 million tons imported, with a CAGR of +37.9% from 2013 to 2024.
2. China: 1.2 million tons imported.
3. Thailand: 629,000 tons imported.

These countries accounted for approximately 62% of total imports, highlighting their reliance on external sources to meet agricultural demands sustainably (SDG 2).

• Import prices averaged $513 per ton in 2024, decreasing by -10.6% compared to 2023.
• Price variations were notable, with Malaysia having the highest import price ($636/ton) and the Philippines the lowest ($414/ton).

Exports

Regional Export Overview

• Exports of NPK fertilizers increased to 1.4 million tons in 2024 after three years of decline.
• From 2013 to 2024, export volumes grew at a CAGR of +3.1%, with fluctuations including a peak of 2.1 million tons in 2020.
• Export value reached $683 million in 2024, with an average annual growth rate of +2.9% over the last eleven years.

Exports by Country

1. China: Leading exporter with 708,000 tons (49% of total exports), CAGR of +25.0% from 2013 to 2024.
2. Vietnam: 172,000 tons exported.
3. South Korea: 158,000 tons exported.
4. India: 129,000 tons exported.

China and India increased their export shares significantly, supporting regional economic growth and sustainable industrialization (SDG 9).

• Export prices averaged $474 per ton in 2024, down by -9.7% from the previous year.
• Vietnam recorded the highest export price at $602 per ton, while India had one of the lowest at $344 per ton.

Implications for Sustainable Development Goals (SDGs)

• SDG 2 (Zero Hunger): The increasing demand and consumption of NPK fertilizers support enhanced agricultural productivity and food security in the Asia-Pacific region.
• SDG 12 (Responsible Consumption and Production): Stable production and import trends, along with price fluctuations, emphasize the need for sustainable fertilizer use and efficient resource management.
• SDG 13 (Climate Action): Monitoring production and trade patterns can help mitigate environmental impacts associated with fertilizer use, promoting climate-resilient agricultural practices.

Conclusion

The Asia-Pacific NPK fertilizers market is characterized by steady growth in consumption and production, with significant contributions from India, Vietnam, and Indonesia. Import and export dynamics reveal complex trade relationships essential for regional food security and sustainable agricultural development. Continued focus on sustainable practices aligned with the SDGs will be critical to ensuring the long-term viability of the fertilizer market and its role in supporting the region’s agricultural needs.

Source: IndexBox Market Intelligence Platform

1. Sustainable Development Goals (SDGs) Addressed or Connected to the Issues Highlighted in the Article

1. SDG 2: Zero Hunger
   • The article discusses the market for mixed nitrogen, phosphorus, and potassium (NPK) fertilizers in the Asia-Pacific region, which are essential for increasing agricultural productivity and ensuring food security.
2. SDG 12: Responsible Consumption and Production
   • The article addresses production, consumption, import, and export trends of NPK fertilizers, highlighting the importance of sustainable production and consumption patterns in the fertilizer industry.
3. SDG 13: Climate Action
   • While not explicitly mentioned, the use and production of fertilizers have environmental impacts, including greenhouse gas emissions and nutrient runoff, linking to climate action concerns.
4. SDG 15: Life on Land
   • The use of fertilizers affects soil health and terrestrial ecosystems, connecting to the goal of sustainably managing forests, combating desertification, and halting biodiversity loss.

2. Specific Targets Under Those SDGs Identified Based on the Article’s Content

1. SDG 2: Zero Hunger
   • Target 2.3: By 2030, double the agricultural productivity and incomes of small-scale food producers, including through secure and equal access to inputs such as fertilizers.
   • Target 2.4: Ensure sustainable food production systems and implement resilient agricultural practices that increase productivity.
2. SDG 12: Responsible Consumption and Production
   • Target 12.2: Achieve the sustainable management and efficient use of natural resources, including fertilizers.
   • Target 12.4: Achieve environmentally sound management of chemicals and all wastes throughout their life cycle, reducing their release to air, water, and soil.
3. SDG 13: Climate Action
   • Target 13.2: Integrate climate change measures into national policies, strategies, and planning, which may include sustainable fertilizer use to reduce emissions.
4. SDG 15: Life on Land
   • Target 15.3: Combat desertification, restore degraded land and soil, including land affected by drought and floods, to achieve a land degradation-neutral world.

3. Indicators Mentioned or Implied in the Article to Measure Progress Towards the Identified Targets

1. Consumption Volume of NPK Fertilizers (tons)
   • The article provides data on the consumption volume of NPK fertilizers in Asia-Pacific (e.g., 18M tons in 2024, forecast to reach 19M tons by 2035), which can be used to monitor agricultural input usage and productivity (related to SDG 2 targets).
2. Market Value of NPK Fertilizers (USD billion)
   • Market value trends (e.g., $9.2B in 2024, forecast to $11.3B by 2035) indicate economic aspects of fertilizer production and consumption, relevant for SDG 12 on sustainable production and consumption.
3. Production Volume of NPK Fertilizers (tons)
   • Production data (e.g., 14M tons in 2024) help assess the supply side and sustainability of fertilizer manufacturing.
4. Import and Export Volumes and Values (tons and USD)
   • Import and export statistics (e.g., 4.9M tons imported in 2024, $2.5B in value) reflect international trade flows and regional dependency, relevant for sustainable resource management.
5. Per Capita Fertilizer Consumption (kg per person)
   • Data on per capita consumption (e.g., Vietnam 36 kg/person) can indicate fertilizer accessibility and usage intensity, linked to agricultural productivity and environmental impact.
6. Price Indicators (USD per ton)
   • Import and export prices (e.g., $513 per ton import price in 2024) provide economic signals that may influence production and consumption patterns.

4. Table of SDGs, Targets, and Indicators Identified in the Article

Source: indexbox.io