China's ban on urea exports hurt Indian fertilizer industry

China's ban on urea exports hurt Indian fertilizer industry
India is a farmer's nation. About 60% of India's population is focussed on Agriculture. According to the India import export data reports, India's overall agricultural exports had shown an increase of 6% and stood around $43 billion during 2022. India served as the food basket to the global market. Rice and Sugar are the top agricultural exports of India followed by spices, cashew, tea, coffee and seafood. 


The United States, Indonesia, UAE , Bangladesh are the major destinations for India's agricultural exports. In order to get a good yield, India relies heavily on fertilizer imports. Recently, China has imposed a ban on its fertilizer exports which includes urea, which has affected the Indian market. Indian fertilizer companies are in panic because of rise in fertilizer prices and heavy import duty. Russia and Morocco have now come to India’s rescue. Through this blog, we will analyze India’s fertilizer market at glance.


Lets Study in detail about India’s fertilizer import export market!


India’s Fertilizer Imports In  FY 2022-23


As per the India customs data reports on fertilizers, the country’s total fertilizers imports recorded to be $18 billion in FY 2022. The majority of India’s fertilizers imports came from China, Russia, United States, United Arab Emirates, Saudi Arabia, Oman and Morocco. 


The last 10 months reports show that Russia was the top fertilizer exporter to India with over $1.26 billion worth of exports. Morocco was the second leading fertilizer exporter to India with $1.14 billion exports. India did a significant amount of fertilizer imports from Saudi Arabia, Oman, China, United Arab Emirates, Bahrain, Egypt and Indonesia. We have provided a detailed report below.


India Fertilizer Imports By Country

Import Value

RUSSIA

1.26 B

MOROCCO

1.14 B

Saudi Arabia

901 M

Oman

758 M

China

755 M

QATAR

497 M

UNITED ARAB EMIRATES

355 M

BAHRAIN

294 M

EGYPT

279 M

INDONESIA

248 M



Top Fertilizer Suppliers To India During FY 2022-23


Russia’s Purefert Trading was the top fertilizer supplier to India during FY 2022-23. According to the India import data, Purefert Trading was responsible for over $454 million  during the last 10 months.Over the same period, OQ Trading Limited from Oman held over $451 million worth of exports to India. Below, we have shared the detailed report on top fertilizer export companies to India with their export value.


Fertilizer Suppliers to India

Export Value

Purefert Trading Ag

454 M

OQ Trading Limited

451 M

Sabic Agri-Nutrients Company

296 M



Canpotex Limited

179 M

Purefert Trading Ag

141 M

India Urea Imports During FY 2022-23


Amid urea imports banned by China, the fertilizers import shipments from Oman and Russia have increased to a significant value. The last 10 months import reports of India suggest Oman as the top exporter of Urea to India with a value of over $861 million followed by Russia ($544 M). We have given the detailed report below.

India Urea Imports By Country

Value

Oman

861 M

Russia

544 M

China

420 M

Qatar

398 M

Saudi Arabia

302 M

United Arab Emirates

210 M

Malaysia

102 M

Kotka

975 M

Yantai

901 M

Sur

870 M



Top Urea Exporters To India During FY 2022-23


During FY 2022-23, OQ Trading was the leading urea exporting company from Oman having over $247 worth of exports. Sabi Agri-Nutrients Company from Saudi Arabia accounted for $208 million worth of urea export shipments to India. Below, we have shared the top 5 urea suppliers to India.


Supplier Name

Value

OQ Trading Limited

247 M

Sabic Agri-Nutrients Company

208 M

Ameropa Asia Pte Ltd

184 M

Swiss Singapore Overseas Enterprises Pte. Ltd.

127 M


Indian import export companies can now switch to global market intelligence. Exim Trade Data which is a leading global import export data provider company is now offering an economical market research platform. This platform could help you track global market demand, product pricing, market risks and reach out to genuine fertilizer buyers and suppliers. You can make better decisions and plan effective marketing strategies. This will help you grow your business.

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