International market demand surges, my country's amino acid organic compound fertilizer raw material exports doubled

Date: January 15, 2024

Source: Global Agricultural Trade News

The latest data from the General Administration of Customs shows that my country's amino acid organic compound fertilizer raw material exports reached 850,000 tons in 2023, a year-on-year increase of 112%, mainly sold to Southeast Asia, Europe and South America. The overseas market's pursuit of organic agricultural products has directly driven the demand for green fertilizers.

The head of an export company in Zhejiang revealed that the amino acid raw materials it produces have passed the EU organic certification due to their high purity and good water solubility, and the price per ton is 40% higher than that in China. In response to the increase in orders, the company plans to build a new intelligent production line in Hainan, dedicated to the high-end international market.

Analysts pointed out that with the release of RCEP policy dividends, China's global market share of amino acid organic compound fertilizer raw materials is expected to further increase, but it is necessary to be vigilant against international trade barriers and strengthen the construction of industry standard systems.