FOREWORD

TABLE OF CONTENTS

ABBREVIATION

SUMMARY

I. World fertilizer market

1.1 Background

1.2 Outlook for agricultural market

1.3 Supply and demand for the world fertilizer

1.3.1 Supply

1.3.2 Demand

II.Domestic fertilizer market

2.1 Fertilizer demand

2.2 Supply

2.2.1 Domestic production

2.2.2 Fertilizer import in 2010

2.2.3 Fertilizer import by type

2.2.4 Fertilizer import by market

III.Price

3.1 Retail price increase in most markets

3.2 Many fluctuations in import price

IV.Value chain of fertilizer sector

4.1 Fertilizer distribution network

4.2 Dominant factors over retail price of urea

V.Outlook for Vietnamese fertilizer market in 2011

5.1 Outlook for supply-demand balance

5.2 Outlook for Vietnamese fertilizer market in 2011

APPENDIX 1

APPENDIX 2

APPENDIX 3

 LIST OF FIGURES

Figure 1: Correlation between agro-product price and fertilizer price in the world prior, during and after the recession

Figure 2: Output of several types of major fertilizer in the world

Figure 3: Fertilizer consumption by region in 2010

Figure 4: Vietnam’s demand for fertilizer by type, years 2005-2009

Figure 5: Output of several types of major fertilizer produced in Vietnam

Figure 6: Fertilizer imports in 2010 against previous years

Figure 7: Situation of fertilizer import by month in 2010

Figure 8: Comparing imports of fertilizer types, years 008-2010

Figure 9: Vietnam’s fertilizer import structure by market in 2010

Figure 10: Average price of several fertilizers in 2010

Figure 11: Urea price in several major markets in 2010

Figure 12: DAP fertilizer price in several markets in 2010

Figure 13: Wholesale price for severl types of fertilizer in Vietnam

Figure 14: Import price for several major fertilizers

Figure 15: Unit price for import of several major fertilizers by month of 2010

Figure 16: Price for several major nitrogenous fertilizers in the world

Figure 17: Crude oil price fluctuation in 2010

Figure 18: import fertilizer price from China in 2010

Figure 19: Fertilizer distribution network produced and imported in Vietnam

Figure 20: Fertilizer balance in 2011

Figure 21: Power and gas price for fertilizer production

Figure 22: Interest rate and forex of VND/USD in 2010

Figure 23: Forecast for urea fertilizer price in Vietnam in 2011

LIST OF TABLES

Table 1: The world fertilizer demand

Table 2: World fertilizer supply

Table 3: Correlation between fertilizer and crude oil price in 2010

Table 4: Growth of food and cereal price in 2010

Table 5: Vietnam’s fertilizer demand by type

Table 6: Dometicially produced fertilizer structure

Table 7: Fertilizer imports in 2010

Table 8: Fertilizer import in 2010 by type

Table 9: Fertilizer import in 2010 by market

Table 10: Fertilizer imports in 2010 by type from China