SUMMARY
 
In Q2-2024, although the overall business performance of the industry remained better than in the same period last year, it was weaker compared to Q1. Specifically, the growth rate of the IIP index for the fertilizer group has been gradually declining since the beginning of Q2. Production output in Q2 was weaker compared to Q1. Export output dropped significantly compared to Q1, although it showed a slight increase compared to last year's period. The average export price continued to decline by an additional 8%QoQ.
 
Additionally, in the domestic market, local fertilizer brands continue to face significant competition from imported products. The volume of imported fertilizers in Q2 continued to rise sharply compared to the same period last year. The business performances of some Urea manufacturers (Đam Ca Mau), were heavily impacted by rising gas prices in Q2.
 
TABLE OF CONTENTS
 
A. GENERAL PERCEPTION

B. WORLD FERTILIZER PRICES & DOMESTIC SELLING PRICES

C. OVERVIEW OF DOMESTIC & IMPORTED FERTILIZER SUPPLY
Industrial Production Index (IIP) for Fertilizers and Nitrogen Compounds
Domestic production output
Production situation of each type of fertilizer
Import output & value
Average import price 
Fertilizer import market
Import situation of each type of fertilizer

D. FERTILIZER EXPORT
Fertilizer export volume & value
Average export price 
Fertilizer export market
Top fertilizer exporting enterprises