Global fertilizer prices are projected to rise by 3–5% in 2025, which could impact domestic prices, especially in regions dependent on imported fertilizers.
According to data from the General Department of Vietnam Customs, in 2024, Vietnam exported 1.73 million tons of fertilizers, earning over USD 709.91 million, with an average price of USD 411.1 per ton. Compared to 2023, exports increased by 11.7% in volume, 9.4% in value, and fell by 2% in average price.
Vietnam’s Fertilizer Exports Continue Expanding
In 2024, Vietnam exported 1.73 million tons of fertilizers with a total export value of USD 709.91 million, reflecting the sector’s stable growth momentum.
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Cambodia remained the largest market, importing 592,121 tons worth USD 240.82 million at an average price of USD 406.7 per ton, representing a 1.4% increase in volume, 2.3% decrease in value, and 3.6% drop in pricecompared to 2023.
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South Korea ranked second with 220,174 tons, worth USD 89.14 million, and an average export price of USD 404.9 per ton. Exports to Korea surged 146.6% in volume, 154.6% in value, and 3.2% in price.
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The Philippines imported 109,381 tons valued at USD 46.35 million, averaging USD 423.8 per ton. Despite export volume rising 93.3% and value up 78.9%, prices dropped 7.4%.
Strong Outlook for 2025
Vietnam’s fertilizer industry continues to assert its regional and global competitiveness, supported by improving product quality, technological innovation, and expanding international market access.
Although global fertilizer prices remain volatile, Vietnam’s fertilizer sector is well-positioned for sustainable growthin 2025. Rising global demand for agricultural products and the expected uptick in fertilizer prices present strong opportunities for Vietnam’s exporters.
With effective strategies and continued innovation, Vietnam’s fertilizer industry could further enhance its export value and make a larger contribution to national economic growth.