China’s Compound Fertilizer Market Research Report 2020
Release_time:2021-01-13 10:58:53 Source:original

China’s Compound Fertilizer Market

Research Report 2020











China National Chemical Information Centre (CNCIC)

October 2020










1 Overview.. 4

1.1 Analysis of Macro Economic Environment 4

1.1.1 China's Macroeconomic Fundamentals. 4

1.1.2 Forecast on China’s Macro-Economy. 4

1.1.3  International macroeconomic analysis and forecast. 5

1.2 Energy, agriculture and food environment analysis. 7

1.2.1 Energy environment analysis. 7

1.2.2 Agricultural environment analysis. 8

1.2.3 Grain environment analysis. 9

2 Overview of compound fertilizer industry in China. 10

2.1 Development of compound fertilizer industry. 10

2.1.1 Compound fertilizer industry overview.. 10

2.1.2 Development history and current status of China’s compound fertilizer industry. 11

2.2 Policies related to China's compound fertilizer industry. 13

2.2.1 Preferential policies. 13

2.2.2 Import and export policy. 13

2.2.3 Off-season reserve policy. 14

2.2.4 Soil testing and formulated fertilization policy. 17

2.2.5 Chemical fertilizer price reform.. 17

2.2.6 Chemical fertilizer circulation policy. 18

2.2.7 Action plan for zero growth in chemical fertilizer use. 19

2.2.8 Fertilizer registration policy. 19

3.Analysis of supply and demand of China's compound fertilizer 20

3.1 Analysis of supply of China's compound fertilizer 20

3.1.1 NPK fertilizer produced by chemical method. 20

3.1.2 NPK fertilizer produced by physical method. 22

3.1.3 Supply of compound fertilizers in China. 23

3.2 Analysis of demand of China's compound fertilizer industry. 25

3.3 Financial situation of China's NPK fertilizer industry and its marketing status  26

3.3.1 Financial situation. 26

3.3.2 Consumption structure and habits. 27

3.3.3 Sales channel, system and model 30

3.3.4 Compound fertilizer sales regions. 31

3.3.4 NPK fertilizer prices. 32

3.4 Development of China's compound fertilizer enterprises. 33

3.4.1 China's compound fertilizer enterprises and their products. 33

3.4.2 Ranking of major compound fertilizer producers in China. 34

3.5 Analysis of supply-demand balance of China's compound fertilizer industry  38

3.6 Sales condition and trend of imported compound fertilizers. 40

3.6.1 Import and export of compound fertilizers from 2004 to 2019. 40

3.6.2 Sales condition of imported compound fertilizers. 43

3.7 Analysis of factors affecting the demand of China's compound fertilizer 44

3.7.1 Factors affecting China's fertilizer demand. 44

3.7.2 Development trend of major influencing factors. 45

4 Forecast on outlook of China's compound fertilizer industry. 49

4.1 Forecast on China's compound fertilizer output and demand. 49

4.2 Forecast on development trend of China's compound fertilizer industry. 51

4.2.1 Development trend of China's compound fertilizer industry. 51

4.2.2 Forecast on compound fertilizer development. 52

4.3 Forecast on development of China's compound fertilizer enterprises. 54

4.4 Forecast on price trend of compound fertilizers. 55

4.5 Forecast on imports and exports of compound fertilizers in China Forecast on compound fertilizer imports and exports. 56

4.6 Forecast on policy adjustment for China's fertilizer industry. 57



1 Overview


1.1 Analysis of Macro Economic Environment

1.1.1 China's Macroeconomic Fundamentals


The outbreak of COVID-19 pandemic in 2020 has caused the global economic development to stagnate and made future recovery of the global economy very difficult. However, as the world's second largest economy, China took the lead in economic recovery thanks to the Chinese government’s timely and vigorous control of the epidemic.


According to National Bureau of Statistics’ preliminary calculation, China’s GDP decreased 1.6% year on year to about 45.66 trillion yuan in the first half of 2020. On a quarterly basis, it fell 6.8 percent in Q1 and expanded 3.2 percent in Q2. By industry, the added value of the primary industry reached 2.61 trillion yuan, up 0.9 percent year-on-year; the added value of the secondary industry reached 17.28 trillion yuan, down 1.9% year on year; and the added value of the tertiary industry reached 25.78 billion yuan, down 1.6 percent year-on-year.


In the first half of this year, fixed asset investment (excluding rural households) was 28.2 trillion yuan, down 3.1 percent year-on-year, and total imports and exports were down 3.2% year-on-year. The per capita disposable income was 15,666 yuan, a decrease of 1.3 percent in real terms after deducting price factors, lower than that of the GDP decrease.


The situation of agricultural production was good in 2020. Total summer grain output in the first half of the year reached 142.81 million tons, an increase of 1.21 million tons or 0.9% percent compared to the same period in 2019. The agricultural planting structure continued to be optimized, and the sown area of rapeseed and other cash crops increased.