Indonesia Complex Fertilizer Market Research Report: Ken

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The market research report titled “Indonesia Complex (NPK) Fertilizer Market Outlook to 2022 – Balanced Demand and Supply Equilibrium with High Level of Regulation” provides a comprehensive analysis of the complex fertilizer market in Indonesia. The report covers Complex Fertilizers market size, Complex Fertilizers consumption by product form, product type, application by crops and by grades. The publication also includes a detailed analysis of the complex Fertilizer market, business scenario, competitive landscape, detailed profiles of major players, and trends and developments. The future analysis of the Indonesia Complex Fertilizer market with estimated production and consumption projections has also been discussed along with analyst recommendations.

Indonesia Complex Fertilizer Market
The Indonesian complex fertilizer market is highly regulated and state-owned companies have a monopoly in this sector. Farmers receive NPK fertilizers at a heavily subsidized rate. Although only NPK 15-15-15 is subsidized by the government, the grade accounted for about ~% of the overall NPK fertilizer consumption in the country in 2017. Indonesia lacks phosphate rock and potash mineral resources for produce its NPK needs locally. However, local companies are working to reduce the country’s dependence on the import of finished NPKs. Indonesia has increasingly focused on the use of complex fertilizers in the recent past. NPK consumption has grown from ~million MT in 2012 to ~million MT in 2017. This represents growth at a CAGR of ~% during the period 2012-2017. The complex fertilizers market grew from ~USD million in 2012 to ~USD million in 2017, representing growth at a CAGR of ~% during the period 2012-2017.

Segmentation of the complex fertilizer market in Indonesia
By product form: Indonesia largely produces and uses high quality complex granular or molten fertilizers. The market was strictly regulated by the government and the entities invested quite heavily in setting up manufacturing facilities and producing high quality complex fertilizers. Granulated or molten complex fertilizers accounted for ~% of the market share compared to ~% of blended complex fertilizers.

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By Product Type: Complex fertilizers including three primary nutrients (Nitrogen, Phosphorus, and Potassium) were very widely consumed in Indonesia and accounted for ~% market share in 2017. On the other hand, complex fertilizers including two nutrients accounted for ~% of the market share in 2017.

By Grade: NPK 15-15-15 was by far the most widely used complex fertilizer in Indonesia since this NPK grade is subsidized by the Indonesian government. NPK 15-15-15 accounted for ~% market share in the overall complex fertilizer market in 2017. NPK 12-10-20, NPK 15-7-20, NPK 20-10-20 and others accounted for ~%, ~ %, ~% and ~% market share respectively in 2017.

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By Crops: Complex fertilizers in Indonesia were mainly used for grain cultivation and accounted for ~% of the market share in 2017, in terms of consumption volume. Oilseeds, Fruits & Vegetables, and All Others accounted for ~%, ~%, and ~% market share, respectively.
Competition scenario.

The Indonesian complex fertilizer market is very competitive and largely dominated by the public sector. The market includes very few domestic manufacturers, with state-owned enterprises having almost a monopoly in this sector. The country’s domestic production has been sufficient to meet consumer demand in recent years. Additionally, most NPK manufacturers have used advanced technology and produced high quality granular/fused complex fertilizers. The Indonesia complex fertilizer market is highly concentrated, with the top 4 players together accounting for ~% of the market share, in terms of revenue.

Petrokimia Gresik was by far the market leader, in terms of revenue, accounting for ~% market share in 2017. Pupuk Kalimantan Timur became the second largest player in this space, followed by Pupuk Kujang and Pupuk Sriwidjaya Palembang. Several other players, including Yara International, Wilmar International, and Malaysia’s Agrifert-Kuoks, accounted for the remaining market share of around % in 2017.

Future prospects and projections of the Indonesia complex fertilizer market
Indonesia has a very balanced balance between supply and demand, with a high level of regulation and government involvement. Since the country has steadily increased its use of complex fertilizers rather than urea and other mineral fertilizers and the government has pushed local companies to develop more complex fertilizer factories, manufacturers complex fertilizers should continue to invest and develop their manufacturing capacities at least in the near future. The Complex Fertilizer Market is expected to be worth ~USD Million by 2022, from ~USD Million in 2018. This represents growth at a CAGR of ~% during the period 2017-2022.

Main topics covered in the report:
• Asia Complex Fertilizers Market Size by Revenue
• Size of the Indonesian complex fertilizer market
• Indonesia Complex Fertilizers Market Segmentation by Form, by Type, by Quality, by Crop
• Business scenario
• Analysis of the market share of the main players
• Company profiles of key players
• Future outlook and projection for the Indonesia complex fertilizer market
• Analyst recommendations
• Future outlook and projection for the Asian complex fertilizer market

Related Report:-
https://www.kenresearch.com/agriculture-and-animal-care/crop-protection/vietnam-fertilizer-market-research-report/451-104.html

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Ankur Gupta, Marketing and Communications Manager
Support@kenresearch.com
+91-9015378249

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