A RESEARCH REPORT ON THE FERTILIZER INDUSTRY IN THAILAND

When compared to other nations in Asia, such as China, India, and Indonesia, Thailand’s use of fertilizer has stayed at a relatively low level during the past several decades. On the other hand, as the nation’s population and food production increased, so did the need for fertilizers, which resulted in the country having the most rapidly expanding fertilizer sector in all of Asia. However, the nation has not been successful in reaching adequate output levels of fertilizers. As a result, imports are an extremely important part of the fertilizer sector in Thailand. thai central public company limited, yara international, and chia tai are the top three importers of fertilizer in Thailand. These firms also rank among the top three fertilizer producers in the country. Because there are fewer chemical fertilizer production facilities in the nation, the majority of the country’s straight fertilizers come from other countries, and they are the ones that are blended into bulk quantities. The consumption of fertilizers in the nation has increased at a compound annual growth rate of 7.5% between 2006 and 2012, thanks in large part to a variety of efforts taken by the government as well as shifts in the pattern of crop consumption. agricultural production diversification, including but not limited to increased production of perennial crops, as well as economic benefits coming from fertilizer delivery to fertilizer firms and fertilizer usage by farmers. An improvement in knowledge and awareness among farmers in the future years (2013-2017) will also assist to raise application rates in the nation, which have traditionally been low in comparison to the average throughout the world. According to the research report titled ‘thailand fertilizer industry outlook to 2017- growth fostered by favorable imports’ written by ken research, “imports of fertilizers in thailand growing at the fastest of 9.1 percent during 2006-2012 and reached 2,571.7 thousand tons nutrients in 2011.” This information was presented in the context of the growth of the country’s fertilizer industry. The fertilizer sector of Thailand would continue to be primarily reliant on imports throughout the period of 2013-2017, with thai central, chia tai, and yara international being the top importers. This would be because Thailand would continue to have a high number of bulk blending facilities but a smaller number of fertilizer manufacturing plants. The nation’s annual use of fertilizers is expected to exceed one thousand tons of nutrients in 2012, the most of which will be supplied by imports into the country. The report gives a complete analysis of the fertilizer market in Thailand and assists the reader in identifying the present trends in the major sectors of the industry as well as the predicted development in the future dependent upon the changing industry dynamics in the coming years. This research will help industry consultants, fertilizer businesses, marketing firms, and other stakeholders align their market-centric strategies according to trends that are now occurring and those that are anticipated to occur in the future. Kindly click on the link provided below for more information: http://www.kenresearch.com/agriculture-food-beverages/agriculture-industry/thailand-fertilizer-markert-research-report/450-104.html http://www.kenresearch.com/press/news-thailand-fertilizer-industry/231.html Ankur Gupta is the person to contact; his title is head-marketing and communication; his email address is ankur@kenresearch.com; his phone numbers are 01147017199 and +91 9015378249