The Thriving Fertilizers Import of Bangladesh in 2024

Bangladesh based in South Asia, sharing borders with India, Myanmar, and the Bay of Bengal in the west, south-east, and south direction, has recorded a gradual increase in the fertilizer imports of the nation. Bangladesh Export Data says that the state-run fertilizer sector of the region, operating multiple Urea, DAP, and TSP plants, has experienced a reduced output. The inefficient maintenance and aging machinery have led to a heavy reliance on imports.

Government warehouses have held 1.8 million tons in stock, which is less than the estimated total national fertilizer demand of 6.9 million tons. It has increased the demand for fertilizer in the consumer base. The rising global prices and subsidy pressure, accompanied by the government procurement directives and international funding, have been the pivotal ones.

The frequent dollar shortages and the delayed letters of credit with the timely imports by private suppliers have led the government to step in with emergency purchases. The financial and logistical barriers, accompanied by the international fertilizer price fluctuations, have resulted in an import trade value of fertilizers worth 1.5 billion US dollars in 2024. Subscribe to Import Globals, a leading import-export trade provider, to keep you updated with the latest information on the overall valuation of fertilizers imported into the nation specifically via the Bangladesh Trade Data.

GOVERNMENT INITIATIVES SUPPORTING THE IMPORT OF FERTILIZERS IN BANGLADESH IN 2024

The large-scale procurement via BABC and BCIC has approved the transport of 140,000 million tons of fertilizers, including BAP, MOP, and urea. This government-mediated deal has ensured the acute supply shortages. The active participation in the global fertilizer market for the sustainability of the reserve building effort has ensured a steady supply mid-year. It was expected to deliberate on the shift from relying predominantly on private sector imports.

The 1 billion US dollar loan financing from ITFC has been pursued as external financing explicitly for fertilizer imports. The targeted state-to-state government agreement has provided faster clearance and pricing advantages during urgent procurement. The fiscal and subsidy support and a buffer stock strategy have streamlined the storage and distribution of imported fertilizers, allowing the government to import large quantities while maintaining price stability for the farmers.

THE LEADING VARIANTS OF FERTILIZERS IMPORTED IN BANGLADESH IN 2024

Bangladesh has been actively importing diversification of fertilizers from foreign authorities due to the rise in consumer-based demands. According to the Bangladesh Import Data, the top 10 variants of fertilizers imported in the nation in 2024 are,

  1. Urea — The annual valuation of Urea imported in Bangladesh in 2024–342 million US dollars
  2. Diammonium Phosphate — The annual valuation of Diammonium Phosphate imported in Bangladesh in 2024–278 million US dollars
  3. Muriate of Potash– The annual valuation of Muriate of Potash imported in Bangladesh in 2024–223 million US dollars
  4. Triple Super Phosphate — The annual valuation of Triple Super Phosphate imported in Bangladesh in 2024–187 million US dollars
  5. Rock Phosphate– The annual valuation of Rock Phosphate imported in Bangladesh in 2024–165 million US dollars
  6. Mixed NPK Fertilizers — The annual valuation of Mixed NPK Fertilizers imported in Bangladesh in 2024–124 million US dollars
  7. Mixed NP Fertilizers– The annual valuation of Mixed NP Fertilizers imported in Bangladesh in 2024–109 million US dollars
  8. Ammonium Sulphate– The annual valuation of Ammonium Sulphate imported in Bangladesh in 2024–98 million US dollars
  9. Ammonium Nitrate– The annual valuation of Ammonium Nitrate imported in Bangladesh in 2024–85 million US dollars
  10. PK Fertilizers — The annual valuation of PK Fertilizers imported in Bangladesh in 2024–76 million US dollars

THE TOP 10 IMPORT TRADE PARTNERS OF BANGLADESH FOR FERTILIZERS IN 2024

The closer proximity of the nation to globally emerging buyers and the valuable pricing strategies adopted has attracted the attention of most of the traders. According to the Bangladesh Customs Data, the top 10 import Trade partners of the nation for fertilizers in 2024 are,

  • China — The annual valuation of fertilizers imported in Bangladesh from China in 2024–432 million US dollars

Top 5 variants of fertilizers imported

1. Calcium superphosphate (CSP)

2. Organic-based compound fertilizer (animal/plant origin)

3. Bio-fertilizers (Azospirillum, Rhizobium blends)

4. Humic acid-based liquid fertilizer

5. Fulvic acid fertilizer

  • India — The annual valuation of fertilizers imported in Bangladesh from India in 2024–324 million US dollars

Top 5 variants of fertilizers imported

1. Liquid Urea-Ammonium Nitrate (UAN)

2. Liquid DAP solution

3. Liquid KCl solution

4. Liquid NPK foliar spray

5. Seaweed extract fertilizer

  • United Arab Emirates — The annual valuation of fertilizers imported in Bangladesh from the United Arab Emirates in 2024–287 million US dollars

Top 5 variants of fertilizers imported

1. Amino acid leaf spray

2. Chelated micronutrient mix liquid

3. Liquid composite (NPK + micro)

4. Molasses-based nutrient solutions

5. EDTA-stabilized micronutrient solution

  • Saudi Arabia — The annual valuation of fertilizers imported in Bangladesh from Saudi Arabia in 2024–176 million US dollars

Top 5 variants of fertilizers imported

1. Humate-infused urea granules

2. Biochar-fertilizer composites

3. Fertilizer briquettes (compressed form)

4. Slow-release polymer-coated NPK

5. Polymer-coated DAP

  • Indonesia — The annual valuation of fertilizers imported in Bangladesh from Indonesia in 2024–156 million US dollars

Top 5 variants of fertilizers imported

1. Nano‑urea (emerging technology in Asia)

2. NPK nano-particles

3. Pelletized rock phosphate

4. Fertilizer blends with gypsum

5. Pelletized SSP

  • Japan — The annual valuation of fertilizers imported in Bangladesh from Japan in 2024–124 million US dollars

Top 5 variants of fertilizers imported

1. Pelletized TSP

2. NPK with added lime

3. NPK fortified with zinc

4. NPK with boron

5. NPK chelated micronutrients

  • South Korea — The annual valuation of fertilizers imported in Bangladesh from South Korea in 2024–118 million US dollars

Top 5 variants of fertilizers imported

1. Lime ammonium nitrate (LAN)

2. Urea-formaldehyde

3. Urea phosphate

4. Urea-based foliar feed (liquid)

5. Calcium ammonium nitrate (CAN) prills

  • Malaysia — The annual valuation of fertilizers imported in Bangladesh from Malaysia in 2024–102 million US dollars

Top 5 variants of fertilizers imported

1. Mono-potassium phosphate (MKP)

2. Magnesium ammonium phosphate

3. Ammoniated superphosphate

4. Nitrate-ammonium phosphate

5. Pre-mixed fertilizer granules

  • Singapore — The annual valuation of fertilizers imported in Bangladesh from Singapore in 2024–87 million US dollars

Top 5 variants of fertilizers imported

1. Coated zinc-DAP granules

2. Coated boron-urea granules

3. Ferrous iron-enriched DAP

4. Chelated NPK blends

5. Pelleted slow‑release microblends

  • Thailand — The annual valuation of fertilizers imported in Bangladesh from Thailand in 2024–76 million US dollars

Top 5 variants of fertilizers imported

1. Granulated urea with deterrents

2. Fertilizer with nitrification inhibitors

3. Urea with urease inhibitors

4. DAP with diatomaceous additives

5. Moisture-stable blended fertilizer

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