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
2. Industry overview
2.1. Situation of fertilizer industry in the world
2.1.1. Supply demand
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
2.2.7. Supply – Demand
2.2.8. Import export
2.2.10. Price movement
2.3 Planning
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

 

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 revenue and profit, 2010 – 2017
Figure 9: Share by revenue, 2017
Figure 10: Production and consumption of domestic producers, 2012 – 2018e
Figure 11: Fertilizer production, 2012 – Q1/2019
Figure 12: Demand and consumption of fertilizer, 2012 – Q1/2019
Figure 13: Fertilizer imports, 2013 – Q1/2019
Figure 14: Import structure of fertilizer by countries, Q1/2019
Figure 15: Structure of importing fertilizer enterprises, Q1/2019
Figure 16: Fertilizer exports, 2012 – Q1/2019e
Figure 17: Import structure of fertilizer by countries, Q1/2019
Figure 18: Structure of importing fertilizer enterprises, Q1/2019
Figure 19: Fertilizer exports, 2012 – Q1/2019
Figure 20: Fertilizer exports by country, Q1/2019
Figure 21: Fertilizer exports by country, Q1/2018 – Q1/2019
Figure 22: Fertilizer inventories, 2010 – 2018e
Figure 23: Net revenue, 2017 – 2018
Figure 24: Gross profit margin, 2017 – 2018
Figure 25: Self-financing rate, 2017 – 2018
Figure 26: Selling expenses, 2017 – 2018
Figure 27: Administrative expenses, 2017 – 2018
Figure 28: Fixed asset turnover, 2018
Figure 29: Days of inventory, 2017 – 2018
Figure 30: Days of sales outstanding,v2018
Figure 31: Profit Ratio, 2017 – 2018
Figure 32: Index of payment, 2017 – 2018

List of Tables
Table 1: Fertilizer production capacity of big domestic enterprises, Q1/2019
Table 2: Prices of some types of imported fertilizer Q1/2018 – Q1/2019
Table 3: Vietnam fertilizer exports by type, 2018
Table 4: Top 10 businesses with largest revenue in 2017