VIETNAM FERTILIZER INDUSTRY

Continuing the trend of 2017/18, the world demand was expected to grow modestly in 2018/19. The prospects of 2018/19 were affected by the excess inventory and the low prices for most crops due to the improved economic prospects in developed countries and the political instability in some big fertilizer consumption market.

In Vietnam, enterprises in the fertilizer industry are classified according to production and business methods. The amount of fertilizer produced in the first quarter of 2019 tended to decrease compared to the same period last year. The fertilizer consumption in Q1 / 2019 decreased by 11% compared to the same period of 2018. The fertilizer industry is in the saturation state, domestic enterprises have to compete fiercely with imports, while the demand tends to decrease, leading to long-term price reduction pressure in the period of 2018f – 2020f.

In Q1 / 2019, Vietnam fertilizer imports increased 4.3% in volume over the same period of 2018. The imports of Urea rose by 34.5% over the same period due to the decrease in domestic production. DAP imports in Vietnam have been continuously declining. Potassium and SA are the most imported fertilizer because Vietnam is almost unable to produce so they depend entirely on imports.

The fertilizer exports in Q1 / 2019 decreased by 48.4% in value compared the same period in 2018 due to a decrease in domestic supply. The exported fertilizer volume in Q1 / 2019 fluctuated strongly especially in Asian markets.

Abbreviations
Executive summary
1. Business environment
1.1. Macroeconomic situation
1.2. Legal framework
1.3. Trade agreements
2. Industry overview
2.1. Situation of fertilizer industry in the world
2.1.1. Supply demand
2.1.2. Import export
2.1.3. Price movement
2.1.4. Production and consumption situation in some typical countries
2.2. Vietnam fertilizer industry situation
2.2.1. History of Vietnam fertilizer industry
2.2.2. Definition and Specification
2.2.3. Scale and Characteristic of market
2.2.4. Main activities
2.2.5. Input materials
2.2.6. Production technology
2.2.7. Supply – Demand
2.2.8. Import export
2.2.9. Inventory
2.2.10. Price movement
2.2.11. Delivery and distribution
2.3. Industry risks
2.4. Planning and Forecast
2.4.1. Planning
2.4.2. Global forecast
2.4.3. Domestic forecast
3. enterprise analysis
3.1. Top 10 enterprise
3.2. Target group of business results
3.3. Target group of finance
3.4. Target group of cash flow
4. Appendix of financial statements

Phu My Fertilizer Plant – Petro Vietnam Fertilizer and Chemicals Corporation
Ca Mau Petroleum Fertilizer Joint Stock Company
Binh Dien Fertilizer Joint Stock Company
Lam Thao Fertilizers and Chemicals Joint Stock Company
Ha Bac Nitrogenous Fertilizer & Chemicals Joint Stock Company
Quảng Binh Import Export Company
Southeast Petrovietnam Fertilizer and Chemicals Corporation
Southwest Petrovietnam Fertilizer and Chemicals Corporation
Central Petrovietnam Fertilizer and Chemicals Corporation
North Petrovietnam Fertilizer and Chemicals Corporation

List of figures
Figure 1: Monthly CPI fluctuation, 1/2015 – 3/2019
Figure 2: GDP growth rate by quarter, 2016 – 2019
Figure 3: VND/CNY exchange rate, 1/2011 – 3/2019
Figure 4: VND/USD exchange rate, 1/2016 – 3/2019
Figure 5: Import and export of goods, 2016 – Q1/2019
Figure 6: Structure of export commodities, Q1/2019
Figure 7: Demand by nutrient and nutrient supply, 2016 – 2018
Figure 8: Fertilizer exports, 2012 – 2018
Figure 9: Price movement of main fertilizers in the world, 1/2015 – 3/2019
Figure 10: Top largest fertilizer enterprises in China, 2017
Figure 11: Import and export of fertilizers from China, 2010 – 2017
Figure 12: Fertilizer production in India by type, 2016 – 2018
Figure 13: Fertilizer imports of India by type, 2016 – 2018
Figure 14: Russian fertilizer import-export, 2010 – 2018
Figure 15: Russian fertilizer export structure by nutrient, 2017
Figure 16: Russian export share of urea production, 2017
Figure 17: Structure of major fertilizers 2014
Figure 18: Fertilizer revenue and profit, 2010 – 2017
Figure 19: Share by revenue, 2017
Figure 20: Coal reserves by area
Figure 21: Market segment of coal consumption
Figure 22: Forecast for coal supply and demand in the period 2015-2030
Figure 23: Exploration ore reserves in 2014
Figure 24: Forecast for ore demand for fertilizer, 2015 – 2030
Figure 25: Natural gas consumption by purpose, 2018
Figure 26: Supply – Demand, 2012 – Q1/2019
Figure 27: Production and consumption of domestic producers, 2012 – 2018e
Figure 28: Fertilizer production, 2012 – Q1/2019
Figure 29: Demand and consumption of fertilizer, 2012 – Q1/2019
Figure 30: Fertilizer imports, 2013 – Q1/2019
Figure 31: Import structure of fertilizer by countries, Q1/2019
Figure 32: Structure of importing fertilizer enterprises, Q1/2019
Figure 33: Fertilizer exports, 2012 – Q1/2019e
Figure 34: Import structure of fertilizer by countries, Q1/2019
Figure 35: Structure of importing fertilizer enterprises, Q1/2019
Figure 36: Fertilizer exports, 2012 – Q1/2019
Figure 37: Fertilizer exports by country, Q1/2019
Figure 38 Fertilizer exports by country, Q1/2018 – Q1/2019
Figure 39 Top export enterprises, first 2 months of 2019
2018
Figure 40: Fertilizer inventories, 2010 – 2018e
Figure 41: Price movement, 2014 – 2018
Figure 42: Coal, oil prices, 1/2012 – 3/2019
Figure 43: Structure of cultivation area, 2018
Figure 44: Area of paddy land for years, 2010 – 2014
Figure 45: Demand for fertilizer by crop
Figure 46: Area of rice cultivation by region, 2012 – 2018
Figure 47: Area of rice cultivation by season, 2018
Figure 48: Rice output by season, 2012 – 2018
Figure 49: Forecast supply and demand of fertilizer by nutrients, 2016e – 2020f
Figure 50: Forecast of supply and demand, 2010 – 2020f
Figure 51: Net revenue, 2017 – 2018
Figure 52: Gross profit margin, 2017 – 2018
Figure 53: Self-financing rate, 2017 – 2018
Figure 54: Selling expenses, 2017 – 2018
Figure 55: Administrative expenses, 2017 – 2018
Figure 56: Fixed asset turnover, 2018
Figure 57: Days of inventory, 2017 – 2018
Figure 58: Days of sales outstanding,v2018
Figure 59: Profit Ratio, 2017 – 2018
Figure 60: Index of payment, 2017 – 2018

List of tables
Table 1: Tariffs under the Vietnam-EU trade agreement
Table 2: Top fertilizer exporting countries, 2017 – 2018
Table 3: Top fertilizer importing countries, 2017 – 2018
Table 4: Change in fertilizer export tax rate, 2018 – 2019
Table 5: Environmental taxes in China, 2018
Table 6: Some projects to expand the capacity of typical urea plants in Russia
Table 7: Fertilizer production capacity of big domestic enterprises, Q1/2019
Table 8: Prices of some types of imported fertilizer Q1/2018 – Q1/2019
Table 9: Vietnam fertilizer exports by type, 2018
Table 10: Top 10 businesses with largest revenue in 2017