Vietnam fertilizer market – July & First Half of 2025
Saturday, August 23,2025
AsemconnectVietnam - In July 2025, domestic fertilizer prices remained stable with no fluctuations compared to the previous month, thanks to abundant supply and steady demand during the mid-crop season. However, compared to previous years, prices of most fertilizers were still relatively high.
Central Vietnam: No adjustments recorded. Lam Thao phosphate fertilizer was priced at VND 280,000 – 300,000/bag; Van Dien phosphate at VND 270,000 – 290,000/bag. NPK 16-16-8: Dau Trau brand VND 720,000 – 740,000/bag; Phu My VND 710,000 – 730,000/bag; Lao Cai VND 700,000 – 720,000/bag.
Southwest (Mekong Delta): Prices stagnated. Ca Mau granular potash was still listed at VND 500,000 – 530,000/bag. NPK 20-20-15 “Three Storks” brand remained unchanged at VND 870,000 – 900,000/bag.
Southeast & Central Highlands: Fertilizer prices remained stable. Powder potash: Phu My VND 500,000 – 580,000/bag, Ca Mau VND 490,000 – 570,000/bag. NPK 16-16-8: Ca Mau VND 660,000 – 750,000/bag; Phu My VND 650,000 – 750,000/bag; Dau Trau VND 670,000 – 750,000/bag.
Imports
According to preliminary statistics from the Department of Vietnam Customs (DVC):
· June 2025: Vietnam imported 802,691 tons of fertilizer, worth USD 301.97 million, average price USD 376.2/ton. Compared with May 2025: +45.9% in volume, +73.6% in value, +19% in price. Compared with June 2024: +76% in volume, +95.8% in value, +11.2% in price.
· 6M/2025: Imports reached nearly 3.18 million tons, worth over USD 1.05 billion, average price USD 330.7/ton, up 23% in volume, 25.4% in value, and 2% in price YoY.
Top suppliers:
· China: 1.35 million tons (42.4% of volume), USD 402.01 million (38.2% of value), avg. USD 298.3/ton; +30.4% vol., +35.8% value, +4.2% price YoY.
· Russia: 470,489 tons (14.8% vol.), USD 221.67 million (21.1% value), avg. USD 471.2/ton; +29.9% vol., +35.1% value, +4% price YoY.
· Laos: 227,951 tons (7.2% vol.), USD 64.28 million (6.1% value), avg. USD 282/ton; +32.2% vol., +42.2% value, +7.6% price YoY.
Imports from RCEP markets in 6M/2025: 2.06 million tons, USD 580.78 million (+26.8% vol., +29.2% value). From CPTPP markets: 377,770 tons, USD 79.17 million (+18.7% vol., +27% value). From ASEAN: 371,823 tons, USD 110.69 million (+20% vol., +16.4% value).
Fertilizer Imports – 6M/2025
(Calculated from DVC data, published July 10, 2025)
|
Market
|
Volume (tons)
|
Value (USD)
|
Avg. Price (USD/t)
|
YoY Change Volume (%)
|
YoY Change Value (%)
|
YoY Change Price (%)
|
|
Total
|
3,178,468
|
1,051,256,032
|
330.7
|
22.98
|
25.40
|
2.0
|
|
China (Mainland)
|
1,347,895
|
402,008,646
|
298.3
|
30.36
|
35.82
|
4.2
|
|
Russia
|
470,489
|
221,668,597
|
471.2
|
29.85
|
35.07
|
4.0
|
|
Laos
|
227,951
|
64,282,591
|
282.0
|
32.19
|
42.21
|
7.6
|
|
South Korea
|
136,187
|
48,651,581
|
357.3
|
42.50
|
18.65
|
-16.7
|
|
Canada
|
114,536
|
37,449,620
|
327.0
|
24.75
|
24.34
|
-0.3
|
|
Malaysia
|
59,141
|
22,293,396
|
377.0
|
42.63
|
52.29
|
6.8
|
|
Norway
|
37,291
|
22,060,759
|
592.0
|
3.84
|
12.12
|
7.9
|
|
Belgium
|
56,924
|
21,021,359
|
369.4
|
17.62
|
20.03
|
2.1
|
|
Israel
|
56,194
|
20,716,313
|
368.8
|
-28.94
|
-29.16
|
-0.3
|
|
Japan
|
204,093
|
19,430,695
|
95.2
|
10.37
|
10.60
|
0.2
|
|
Indonesia
|
72,260
|
17,685,217
|
244.8
|
-9.86
|
-34.21
|
-27.0
|
|
Belarus
|
52,379
|
15,737,445
|
300.6
|
—
|
—
|
—
|
|
Taiwan (China)
|
50,558
|
13,880,855
|
274.6
|
18.43
|
43.25
|
20.9
|
|
Germany
|
11,298
|
6,592,453
|
583.5
|
34.10
|
14.89
|
-14.3
|
|
USA
|
3,682
|
4,654,362
|
1,264.0
|
-14.97
|
3.95
|
22.1
|
|
Philippines
|
8,887
|
4,264,276
|
479.8
|
-34.78
|
-32.83
|
2.9
|
|
Thailand
|
3,584
|
2,166,166
|
604.4
|
72.89
|
5.80
|
-38.9
|
|
India
|
1,752
|
1,506,119
|
860.0
|
13.11
|
-11.18
|
-21.4
|
|
Saudi Arabia
|
50
|
31,125
|
622.5
|
-66.67
|
-65.42
|
3.7
|
Exports
According to DVC’s preliminary statistics:
· June 2025: Vietnam exported 171,353 tons of fertilizer, worth USD 77.61 million, avg. USD 453/ton. Compared with May 2025: -8.3% volume, -0.6% value, +8.5% price. Compared with June 2024: -0.9% volume, +20.8% value, +21.9% price.
· 6M/2025: Exports reached 1.12 million tons, worth USD 449.61 million, avg. USD 401.8/ton. Compared with 6M/2024: +23.9% volume, +24.2% value, +0.2% price.
Top markets:
· Cambodia: 379,120 tons (33.9% vol.), USD 144.31 million (32.1% value), avg. USD 380.6/ton; +51.6% vol., +41.2% value, -6.9% price YoY.
· South Korea: 108,978 tons (9.7% vol.), USD 44.74 million (10% value), avg. USD 410.6/ton; +13.9% vol., +13.2% value, -0.7% price YoY.
· Malaysia: 80,681 tons (7.2% vol.), USD 33.9 million (7.5% value), avg. USD 420.2/ton; +33.8% vol., +56.9% value, +17.2% price YoY.
Fertilizer Exports – 6M/2025
(Calculated from DVC data, published July 10, 2025)
|
Market
|
Volume (tons)
|
Avg. Price (USD/t)
|
Value (USD)
|
YoY Change Volume (%)
|
YoY Change Price (%)
|
YoY Change Value (%)
|
Share Volume (%)
|
|
Total
|
1,118,914
|
401.8
|
449,606,893
|
23.9
|
0.2
|
24.17
|
100
|
|
Cambodia
|
379,120
|
380.6
|
144,308,826
|
51.64
|
-6.9
|
41.16
|
33.9
|
|
South Korea
|
108,978
|
410.6
|
44,741,188
|
13.91
|
-0.7
|
13.17
|
9.7
|
|
Malaysia
|
80,681
|
420.2
|
33,898,111
|
33.81
|
17.2
|
56.85
|
7.2
|
|
Philippines
|
57,149
|
436.8
|
24,958,548
|
36.17
|
22.6
|
22.58
|
5.1
|
|
Laos
|
40,296
|
403.8
|
16,270,533
|
24.69
|
37.7
|
37.69
|
3.6
|
|
Japan
|
27,264
|
484.5
|
13,205,154
|
55.87
|
72.5
|
72.45
|
2.4
|
|
Taiwan (China)
|
29,981
|
425.4
|
12,753,767
|
63.07
|
61.3
|
61.34
|
2.7
|
|
Myanmar
|
18,696
|
532.5
|
9,955,879
|
-39.01
|
-35.1
|
-35.08
|
1.7
|
|
Mozambique
|
6,105
|
742.0
|
4,530,315
|
112.20
|
161.4
|
161.36
|
0.6
|
|
Thailand
|
7,360
|
483.3
|
3,557,406
|
-33.19
|
-33.1
|
-33.11
|
0.7
|
|
Angola
|
52
|
1,419.0
|
73,788
|
—
|
—
|
—
|
0.0
|
Source:Vietnam Customs Department
✅ Summary:
· Domestic prices: stable across all regions, still high compared with past years.
· Imports: surged in both quantity and value, led by China, Russia, and Laos. RCEP and CPTPP partners remained key suppliers.
· Exports: grew strongly in both volume and value, with Cambodia, South Korea, and Malaysia as the top destinations.
T.Huong
Source: Vitic
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