China Complex Fertilizer Market Forecast

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China Complex Fertilizer Market Research Report
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Ken Research announced its latest publication on
China Complex (NPK) Fertilizer Market Outlook to
2022 Expected Replacement from Straight
Chemical Fertilizers To Complex Fertilizers
provides a comprehensive analysis of the complex
fertilizer market in China. The report covers
aspects such as complex fertilizer market by its
key segments including market size, consumption
of complex fertilizers by product form, product
type, application by crops, by regions and by
grades. The publication also includes detailed
analysis of complex fertilizer market, trade
scenario, competitive landscape, detailed
profiles on major players and trend and
developments. Future analysis of China complex
fertilizer market with estimated production and
consumption projections has also been discussed
along with analyst recommendations.
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China is the largest producer and consumer of
complex/compound fertilizers in the world. The
complex NPK fertilizer industry in China is large
and has grown steadily in the last decade. China
is almost self sufficient to meet the demand of
compound fertilizer in the country. It has
considerable natural reserves of raw materials
utilized for production of compound fertilizers.
Complex fertilizers worth USD million were sold
in the country and the market grew at a CAGR of
during the period 2012-2017. The market
witnessed a slowdown in revenue growth during the
last two years due to decline in price of complex
fertilizers in the country. Consumption of
complex fertilizers grew at a CAGR of during
the period 2012-2017, rising from million MT in
2012 to million MT in 2017.  
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Chinese government has agreed on lowering export
tariff on complex fertilizers, reducing from
current 30 export duty to CNY 100 (USD 15.14)
per MT in 2018. This is expected to significantly
boost exports of complex fertilizers from China
2018 onwards. Hence, production of complex
fertilizers is expected to grow at healthy CAGR
of during 2017-2022, inclining from million
MT in 2018 to million MT by 2022. Complex
fertilizer market is anticipated to grow from USD
billion in 2018 to USD billion by 2022 at a
CAGR of during the period 2018-2022. Overall,
consumption of complex fertilizers is expected to
incline at a CAGR of during the same
period.  
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For more information on the research report,
refer to below link https//www.kenresearch.com/a
griculture-and-animal-care/crop-protection/china-c
omplex-fertilizer-market/143967-104.html   Related
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Growth Contact UsKen ResearchAnkur Gupta,
Head Marketing CommunicationsAnkur_at_kenresearch.
com91-9015378249
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