Product Code: ETC211060 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Indonesia Potash Fertilizers market currently, in 2023, has witnessed an HHI of 3919, Which has increased moderately as compared to the HHI of 2383 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Indonesia is a major importer of potash fertilizers, and it has been one of the fastest-growing markets in Southeast Asia. The Indonesia government has been taking steps to increase domestic production of potash fertilizers as part of its broader economic growth agenda. The country?s population is growing rapidly, with an estimated 50 million people living below poverty line and an increasing demand for food. This increased demand for food has led to higher fertilizer consumption in Indonesia, which subsequently led to increased imports of potash fertilizers into the country.
In recent years, there has been a shift towards using more sustainable sources of fertilizer such as organic matter and biofertilizer in Indonesia agricultural sector. Additionally, new technologies have enabled farmers to produce their own compost from waste materials instead of relying solely on imported fertilizer products. These trends are likely to continue as more sustainable practices become increasingly popular among local farmers who are looking for ways to improve crop yields without damaging their soil or environment through overuse of chemicals or other synthetic inputs. Moreover, due to the import restrictions imposed by some countries like India on certain types of fertilizer products including potash fertilizers, it is expected that prices will remain high even if overall demand increases significantly over time.
The primary driver behind Indonesia rising demand for potash fertilizers is its growing population and changing dietary habits leading households consuming more protein rich foods than before which requires additional nutrients from chemical inputs like NPK & Potassium Fertilizer. Furthermore , with rapid urbanization , the level land under cultivation is decreasing resulting in need for better use optimization techniques such as soil testing based fertigation system require precise application rates & micro nutrient supply through MOP/SOP - Potassium Sulphate / Muriate Of Potash (MOP). Apart from this , Indonesia government initiatives encouraging usage modern irrigation systems promoting water conservation also driving up sales volume.
Due to the COVID-19 pandemic, many countries around the world have implemented various travel restrictions causing disruption in international trade dynamics thereby affecting global supply chains drastically impacting availability & pricing structure across many commodities including Potassium Fertilizer Market. With limited access shipments coupled with reduced freight costs available ? manufacturers had no option but pass along extra cost burden onto buyers thus making most product categories expensive than usual especially those sourced from China.
High import duties on raw materials: The Indonesia government has imposed high import duties on most raw materials used in potash fertilizer production, which makes them expensive for producers to acquire. This increases their cost of production and reduces their profit margins, leading to fewer investments in the industry.Increasing competition from other countries: Several countries like China, India, Thailand etc., have been investing heavily in potash fertilizer production over recent years resulting in increased competition for Indonesia manufacturers who cannot compete with these companies on price or quality due to lack of resources and technology available domestically. Environmental regulations: Potash fertilizer produces several byproducts such as ammonia gas which can cause air pollution if not disposed off properly leading to strict environmental regulations being enforced upon its producers making it difficult for them to operate within set parameters without increasing costs significantly or an increase risk of fines/penalties being levied against them by authorities should they fail adhere properly with such regulations.
Some key players operating massively for shaping the market growth are PT Pupuk Iskandar Muda (PIM), Indorama Ventures Public Company Limited, and PT Lestari Kimia Utama.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Potash Fertilizers Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Potash Fertilizers Market Revenues & Volume, 2020 & 2030F |
3.3 Indonesia Potash Fertilizers Market - Industry Life Cycle |
3.4 Indonesia Potash Fertilizers Market - Porter's Five Forces |
3.5 Indonesia Potash Fertilizers Market Revenues & Volume Share, By By Type, 2020 & 2030F |
3.6 Indonesia Potash Fertilizers Market Revenues & Volume Share, By By Application, 2020 & 2030F |
4 Indonesia Potash Fertilizers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Potash Fertilizers Market Trends |
6 Indonesia Potash Fertilizers Market, By Types |
6.1 Indonesia Potash Fertilizers Market, By By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Potash Fertilizers Market Revenues & Volume, By By Type, 2020-2030F |
6.1.3 Indonesia Potash Fertilizers Market Revenues & Volume, By Muriate of Potash, 2020-2030F |
6.1.4 Indonesia Potash Fertilizers Market Revenues & Volume, By Sulfate of Potash, 2020-2030F |
6.1.5 Indonesia Potash Fertilizers Market Revenues & Volume, By Other Types, 2020-2030F |
6.2 Indonesia Potash Fertilizers Market, By By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Potash Fertilizers Market Revenues & Volume, By Grains and Cereals, 2020-2030F |
6.2.3 Indonesia Potash Fertilizers Market Revenues & Volume, By Pulses and Oilseeds, 2020-2030F |
6.2.4 Indonesia Potash Fertilizers Market Revenues & Volume, By Commercial Crops, 2020-2030F |
6.2.5 Indonesia Potash Fertilizers Market Revenues & Volume, By Fruits and Vegetables, 2020-2030F |
6.2.6 Indonesia Potash Fertilizers Market Revenues & Volume, By Other Applications, 2020-2030F |
7 Indonesia Potash Fertilizers Market Import-Export Trade Statistics |
7.1 Indonesia Potash Fertilizers Market Export to Major Countries |
7.2 Indonesia Potash Fertilizers Market Imports from Major Countries |
8 Indonesia Potash Fertilizers Market Key Performance Indicators |
9 Indonesia Potash Fertilizers Market - Opportunity Assessment |
9.1 Indonesia Potash Fertilizers Market Opportunity Assessment, By By Type, 2020 & 2030F |
9.2 Indonesia Potash Fertilizers Market Opportunity Assessment, By By Application, 2020 & 2030F |
10 Indonesia Potash Fertilizers Market - Competitive Landscape |
10.1 Indonesia Potash Fertilizers Market Revenue Share, By Companies, 2023 |
10.2 Indonesia Potash Fertilizers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |