Demand for fertilizers in China to reach 262 million metric tons in 2015.
Demand for fertilizer nutrients in China is projected to grow 4.4 percent annually through 2015 to 98.1 million metric tons. Nutrient demand will be driven by increasing use of higher nutrient level products as income levels grow in rural areas in China. In addition, government efforts to promote multi-nutrient fertilizers will also support gains in fertilizer nutrient demand.
Accounting for more than three-fourths of total fertilizer demand in 2010, single-nutrient fertilizers will remain the larger product type through 2015, despite a relatively low growth rate of 2.1 percent per year. Sales of single-nutrient fertilizers will continue to be supported by their relatively low prices. Multi-nutrient fertilizer demand will see strong annual growth of 7.3 percent through 2015, driven by government efforts to promote use.
The size, growth and composition of fertilizer demand in the six regions that make up China vary considerably, The Central-South and Central-East will remain the two largest regional fertilizer markets, together accounting for about 60 percent of total demand in 2015. Due to the comparatively high income levels in the Central-South and Central-East--which enable residents to afford more expensive food items-demand for cash crops such as fruits and vegetables will increase in these regions, which in turn will drive demand for fertilizer. Sales of fertilizers in the Northeast and Northwest regions will outpace the average through 2015, benefiting from the Great Western Development Strategy, the Northeast Revitalization Policy and increasing income levels for farmers.
Fertilizers in China (published 06/2012, 175 pages) is available for $5400 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail firstname.lastname@example.org. Information may also be obtained through www.freedoniagroup.com.
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FERTILIZER DEMAND IN CHINA (000 metric tons) $ Annual Growth Item 2005 2010 2015 2005- 2010 2010 2015 Fertilizer Demand 187100 222500 262000 3.5 3.3 Single-Nutrient 156000 173000 191500 2.1 2.1 Multi-Nutrient 31100 49500 70500 9.7 7.3
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|Comment:||Demand for fertilizers in China to reach 262 million metric tons in 2015.|
|Publication:||Research Studies - Freedonia Group|
|Date:||Jul 16, 2012|
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