Vietnam fertilizer market – June 2025
Saturday, June 28,2025
AsemconnectVietnam - In June 2025, domestic fertilizer prices remained stable; however, compared to previous years, prices for most types of fertilizers were still relatively high.
In northern Vietnam, prices remained flat:
- Powdered potassium (Canada, Ha Anh brand): 510,000 – 540,000 VND per 50kg bag
- Urea: 540,000 – 590,000 VND per 50kg bag
In central Vietnam, prices were also steady:
- NPK 20-20-15: 910,000 – 980,000 VND/bag
- Superphosphate: 270,000 – 300,000 VND/bag
- Powdered potassium (Phu My, Ha Anh): 520,000 – 560,000 VND/bag
In the Mekong Delta (Southwest), the fertilizer market remained sluggish:
- DAP Hong Ha: 1,250,000 – 1,300,000 VND/bag (highest in the region)
- DAP Dinh Vu: 840,000 – 870,000 VND/bag
- Urea (Ca Mau): 620,000 – 640,000 VND/bag
- Urea (Phu My): 610,000 – 630,000 VND/bag
In the Southeast and Central Highlands, prices stayed unchanged:
- Powdered potassium: 490,000 – 580,000 VND/bag
- NPK 20-20-15 TE (Binh Dien): 890,000 – 930,000 VND/bag
Supply
According to preliminary data from the General Department of Vietnam Customs, in May 2025, Vietnam imported:
- 550,309 tons of fertilizers
- Valued at 173.9 million USD
- Average price: 316 USD/ton
Compared to April 2025: - Volume: ↑10.5%
- Value: ↑9.64%
- Price: ↓0.74%
Compared to May 2024: - Volume: ↑3.47%
- Value: ↓1.55%
- Price: ↓4.85%
January–May 2025, total fertilizer imports reached:
- 2.38 million tons
- Valued at 749.49 million USD
- Average price: 315.4 USD/ton
Compared to the same period in 2024: - Volume: ↑12%
- Value: ↑9.9%
- Price: ↓1.87%
Top import markets:
- China: 1.01 million tons (42.3%), 256.89 million USD (34.3%), avg. price 255.5 USD/ton
- Volume: ↑19%, Value: ↑11.5%, Price: ↓6.3% YoY
- Russia: 349,725 tons, 169.29 million USD, avg. price 484 USD/ton
- Volume: ↑4.2%, Value: ↑11.2%, Price: ↑6.7%
- Laos: 197,499 tons, 54.42 million USD, avg. price 275.5 USD/ton
- Volume: ↑39.2%, Value: ↑44.7%, Price: ↑3.9%
- Malaysia: 58,367 tons, 22.03 million USD
- Volume: ↑86.5%, Value: ↑98.6% YoY
By trade blocs (Jan–May 2025):
- FTA RCEP: 1.57 million tons, 402.34 million USD (↑21.8% volume, ↑16.9% value YoY)
- FTA CPTPP: 271,930 tons, 56.34 million USD (↓2.3% volume, ↑0.5% value YoY)
- Southeast Asia: 321,422 tons, 94.5 million USD (↑46.8% volume, ↑40% value YoY)
Exports
In May 2025, Vietnam exported:
- 186,946 tons of fertilizers
- Worth 78.04 million USD
- Average price: 417.5 USD/ton
Compared to April 2025: - Volume: ↑16.9%
- Value: ↑13.8%
- Price: ↓2.7%
Compared to May 2024: - Volume: ↑92.1%
- Value: ↑88.5%
- Price: ↓1.9%
January–May 2025, total fertilizer exports:
- 947,654 tons
- Worth 372.02 million USD
- Average price: 392.6 USD/ton
Compared to the same period in 2024: - Volume: ↑31.3%
- Value: ↑26.6%
- Price: ↓3.6%
Top export markets:
- Cambodia: 281,208 tons (29.7%), 100.64 million USD (27.1%), avg. price 357.9 USD/ton
- Volume: ↑49%, Value: ↑31.6%, Price: ↓11.7% YoY
- South Korea: 104,158 tons, 42.57 million USD, avg. price 408.7 USD/ton
- Volume: ↑21.8%, Value: ↑20.6%, Price: ↓1%
- Malaysia: 74,969 tons, 30.95 million USD, avg. price 412.8 USD/ton
- Volume: ↑44.4%, Value: ↑73.2%, Price: ↑19.9%
In general, fertilizer exports to most markets in the first five months of 2025 increased in both volume and value compared to the same period last year.
Fertilizer imports in the first 5 months of 2025
|
Markets
|
First 5 months of 2025
|
Compared to 5T/2024(%)
|
Proportion (%)
|
|||
|
Quantity (tonnes)
|
Turnover (USD)
|
Quantity
|
Turnover
|
Quantity
|
Turnover
|
|
|
Total
|
2,376,601
|
749,494,626
|
12
|
9.91
|
100
|
100
|
|
FTA RCEP-15 markets
|
1,572,291
|
402,335,127
|
21.76
|
16.9
|
66.16
|
53.68
|
|
China (Mainland)
|
1,005,655
|
256,894,969
|
18.98
|
11.48
|
42.31
|
34.28
|
|
FTA EAEU-5 markets
|
377,104
|
177,778,413
|
12.37
|
16.74
|
15.87
|
23.72
|
|
Russia
|
349,725
|
169,290,968
|
4.21
|
11.17
|
14.72
|
22.59
|
|
SOUTHEAST ASIA
|
321,422
|
94,504,672
|
46.83
|
39.95
|
13.52
|
12.61
|
|
FTA CPTPP-10 markets
|
271,930
|
56,340,880
|
-2.27
|
0.5
|
11.44
|
7.52
|
|
Laos
|
197,499
|
54,419,820
|
39.19
|
44.68
|
8.31
|
7.26
|
|
Korea
|
97,313
|
37,402,353
|
36.16
|
20.74
|
4.09
|
4.99
|
|
(EU) FTA EVFTA-27 markets
|
53,434
|
22,242,793
|
12.64
|
15.17
|
2.25
|
2.97
|
|
Malaysia
|
58,367
|
22,033,394
|
86.45
|
98.61
|
2.46
|
2.94
|
|
Canada
|
65,662
|
20 .774,353
|
-28.05
|
-30.17
|
2.76
|
2.77
|
|
Israel
|
55,531
|
19,948,042
|
-29.16
|
-30
|
2.34
|
2.66
|
|
Norway
|
32,033
|
18,952,740
|
22.45
|
32.97
|
1.35
|
2.53
|
|
Belgium
|
42,880
|
16,039,490
|
5.44
|
7.88
|
1.8
|
2.14
|
|
Japan
|
147,901
|
13,533,133
|
-5
|
-11.06
|
6.22
|
1.81
|
|
Indonesia
|
54,290
|
12,296,323
|
58.08
|
-1.38
|
2.28
|
1.64
|
|
Taiwan (China)
|
42,610
|
11,406,635
|
36.57
|
57.51
|
1.79
|
1.52
|
|
Belarus
|
27,379
|
8,487,445
|
|
|
1.15
|
1.13
|
|
Germany
|
10,554
|
6,203,303
|
55.85
|
39.55
|
0.44
|
0.83
|
|
Philippines
|
8,887
|
4,264,276
|
-6.7
|
-5.42
|
0.37
|
0.57
|
|
US
|
3,047
|
3,625,317
|
-19.46
|
-1.18
|
0.13
|
0.48
|
|
Thailand
|
2,379
|
1,490,859
|
29.01
|
-19.1
|
0.1
|
0.2
|
|
India
|
1,345
|
1,282,193
|
-1.03
|
-17.83
|
0.06
|
0.17
|
Calculated from data published on June 10, 2025 by the General Department of Customs
Forecast
Global fertilizer prices are expected to rise in the near future due to the Iran-Israel conflict, which has significantly affected urea supply from Middle Eastern countries, especially Iran—a major producer benefiting from low-cost input gas.
- Global urea prices have surged by 25–30% at times as Iran was forced to shut down all 7 urea and ammonia plants amid escalating conflict.
- Egypt also suspended all urea production due to natural gas supply cuts from Israel.
- The instability has also driven transportation and insurance costs higher.
- The shutdown of production in both Iran and Egypt has exacerbated the global urea shortage.
- Limited supply from Egypt and the Black Sea region has given Algeria an advantage to benefit from the rising prices.
T.Huong
Source: Vitic
Coffee and rubber exports to EU are positive
Vietnam steel market – June 2025
Vietnam rice Market – June 2025
Pepper exports: Decrease in quantity, increase in value
There is no shortcut for fruit and vegetable exports
Rice prices Today, June 27: Slight increase recorded
Daily: Domestic pepper prices skyrocketed on June 27, 2025
Daily: Domestic coffee prices rebounded on June 27, 2025
Exports to New Zealand in first 5 months of 2025
Textile fiber supply market for Vietnam in first 5 months of 2025
Rice export: Maintaining competitive momentum with Thailand
Fertilizer imports continued to increase in first 5 months of 2025
Exports to Canada reached over 2.7 billion USD in first 5 months of 2025
Processed coconut imports increased 11.3 times
