With production value of USD117 billion, China accounts for 71.5% of the Asia Pacific total in 2023. The industry’s exports share decreases in 2023 to 8.9% of total production output. The industry’s profitability decreases and stands at 11.5% of production value in 2023, the 14th highest regionally. The costs of the industry decrease by 2.8% in 2023, largely driven by declining B2B costs. The total number of companies remains unchanged in 2023. The industry is fragmented, with the top five companies generating 17.2% of total production value in 2023. Sinochem Fertilizer Co Ltd is the largest company in China, generating 4.1% of the industry’s total production value in 2023. China has the largest market size for fertilisers and nitrogen compounds regionally, with demand reaching USD116 billion in 2023. B2B drives market demand, with B2B spending representing 99.9% of total demand in 2023. The market is dominated by domestic suppliers, as imports account for 5.2% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Fertilisers and Nitrogen Compounds in China: ISIC 2412. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Fertilisers and Nitrogen Compounds in China: ISIC 2412 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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