Indonesian, Malaysian MOP, NPK imports rise in 2024

Spanish Market: Fertilizers
10/02/25

A global palm oil rally in 2024 improved affordability for Indonesian and Malaysian plantations, pushing up MOP and NPK imports in the countries to three-year highs in 2024.

Indonesia's MOP imports rose by about 44pc on the year to 3.44mn t, with increased deliveries from its key suppliers, according to the latest GTT data. Arrivals from Canada doubled to 1.26mn t from a year earlier. Imports from Russia and Belarus also increased to 1.2mn t and 245,000t, up by 42pc and 69pc respectively from a year earlier. Arrivals from Uzbekistan, likely representing product from Belarus, accounted for 406,500t, up by 23pc on the year.

NPK deliveries to Indonesia hit 370,800t in 2024, up by 6pc from a year earlier. Around 177,000t of the total imports were sourced from Russia, with 93,000t from Norway.

Malaysian MOP imports totalled 1.64mn t in 2024, close to a 20pc increase from 2023. Deliveries from its top supplier Russia reached a record high of 852,000t, up by about 56pc on the year. Arrivals from Canada were flat at 381,000t but imports from the US — which also represents Canadian product shipped from a US port — quadrupled to a 20-year high of 142,200t. The increase in deliveries from the US can be attributed to Canpotex's terminal in Portland, Oregon, resuming potash loadings at the start of 2024 after operations were halted in May 2023.

Malaysia's NPK imports rose by about 25pc to 166,500t in 2024, with significant rises in deliveries from its key exporting partners. Arrivals from China rose to 42,000t, up by nearly 35pc from a year earlier, while deliveries from the Netherlands nearly doubled to 28,200t.

Palm oil output in Indonesia, the world's top producer, is forecast to grow by nearly 2pc in 2025, according to a Reuters poll, in order to meet the growing demand for palm oil-based biodiesel with a planned increase in the mandatory mix of palm oil in biodiesel in the country in February. This is expected to boost demand for MOP and complex fertilizers, which should continue to support affordability in 2025.

The increase in the Indonesian biodiesel mandate is also likely to limit exports from the world's top producer and push Malaysian crude palm oil prices higher in 2025, after hitting a two-year high in 2024. Malaysia is the world's second largest palm oil producer. But adverse weather, persistent labour shortages and low replanting rates may limit production in 2025, officials said.

By Camila Tay

Malaysian MOP imports 2024						(t)
	Russia	Canada	United States	Jordan	Others	YTD

January	45,001	59,090	27,500	4,705	4,845	141,141
February	40,000	40,596	5,724	11,000	3,672	100,992
March	67,946	27,495	16,000	2,462	6,603	120,506
April	51,889	47,776	0	2,986	6,629	109,280
May	37,804	38,000	17,018	21,208	38,649	152,679
June	47,913	21,501	17,018	13,898	22,216	122,546
July	100,586	21,979	0	2,007	3,570	128,142
August	65,989	54,048	27,977	4,461	4,781	157,256
September	90,780	15,987	0	6,316	4,285	117,368
October	175,642	21,906	30,890	29,667	12,258	270,363
November	56,476	38	68	3,005	9,273	68,860
December	71,965	33,001	0	23,825	26,596	155,387
Total	851,991	381,417	142,195	125,540	143,377	1,644,520
Source: GTT

Indonesian MOP imports 2024						(t)
	Canada	Russia	Belarus	Laos	Others	YTD

January	143,565	26,000	44,100	12,455	66,458	292,578
February	85,968	85,577	27,508	9,930	60,391	269,374
March	201,828	84,798	0	26,899	43,532	357,057
April	76,856	115,897	10,000	12,203	52,943	267,899
May	119,413	109,895	32,276	25,291	37,142	324,017
June	110,924	77,980	7,995	13,846	2,655	213,400
July	193,302	189,443	0	16,008	2,151	400,904
August	139,323	98,408	19,676	34,092	105,874	397,373
September	0	91,673	40,739	4,201	36,175	172,788
October	46,427	120,395	16,700	17,658	53,071	254,251
November	43,974	66,189	16,480	5,216	49,088	180,947
December	96,907	132,418	29,453	9,989	41,237	310,004
Total	1,258,487	1,198,673	244,927	187,788	550,717	3,440,592
Source: GTT

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12/03/25

Ethiopia's EABC issues new tender to buy DAP: Update

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OCP’s absence weighs on European sulacid market

11/03/25

OCP’s absence weighs on European sulacid market

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NorthAm market presumes potash is USMCA compliant

07/03/25

NorthAm market presumes potash is USMCA compliant

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High US potash stocks to delay tariff reaction: Update

06/03/25

High US potash stocks to delay tariff reaction: Update

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Q&A: Ocior touts Indian H2 drive, urges rule tweaks

06/03/25

Q&A: Ocior touts Indian H2 drive, urges rule tweaks

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The regulator could define taxes I have saved and determine a tariff adjustment if I sell excess renewable energy to the domestic tariff area. There are several small things like this which we are requesting the government to do. And MNRE has done a fabulous job in trying to get these things done. But when it becomes inter-ministerial, the process is drawn out a little longer. How are your projects progressing? We have two projects — in Egypt and Odisha, India. We hope to FID the first phase of the Odisha project by September, and the Egypt project by March next year. But further progress will depend on offtake. For our Odisha project, we have acquired land and started front end engineering design (FEED) study. We have contracted Norwegian company Aker solutions to work on the FEED study. We have awarded ammonia licensor contract to [US engineering firm] KBR and green certification study to [German certification provider] TUV Rheinland. We have already completed geotechnical studies. 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By starting with less restrictive covenants, not compromising on carbon content, green hydrogen pricing can be more competitive than blue hydrogen for EU. By Akansha Victor Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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