2014-04-01 17:40:05 - Fertilisers and Nitrogen Compounds in Australia: ISIC 2412 - a new market research report on companiesandmarkets.com
Over 2007-2012 review period Australian market for fertilizers and nitrogen compounds shrinks 2% to A$7.2 billion. Spending on fertilizers per hectare of arable land stands at around US$160 in 2012, which is one of the lowest levels among the major world economies. Local output of fertilizers is insufficient to meet local demand, therefore 31% of consumed products are imported in 2012.
Industry is highly concentrated, with major players being Incitec Pivot Ltd, Wesfarmers Chemicals Energy & Fertilisers Ltd. Both, short- and long-term outlook positive, with 5% turnover CAGR predicted for forecast period.
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