Total consumption of fertilizers in South Korea around 1.2 million MT
Major producers are Namhae with NPK capacity of 1.360 mill MT; Pungnong 350 KT: KG 300 KT; Farm Hannong 580 KT; and Korean Caprolactam is making around 600 KT of caprolactam AS of which 400 KT for export
Total South Korean NPK exports around 700 KT of which Namhae exports NPK to various countries of which to Thailand around 300,000 MT of NP 16-20-0
Urea imports are around 800,000 MT of which 80% comes from China and the remaining on contract from AG producers like Muntajat of Qatar.
95% of fertilizers consumed in South Korea is distributed by the government co-operative which holds a tender around the 20th of December every year for the entire quantity to be supplied for the following year at fixed prices
There is a major trend in South Korea of the usage of slow release fertilizers