Fertilizer feeds the soil, not the plant. You want to use fertilizer to add back to the soil what is not present. This is also kinda true for bonsai substrate, but also kinda not true.
All plants kinda use NPK in a 3-1-2 ratio. Azaleas are a bit on the lower end for the nitrogen, as they do not grow as fast as say tomato plants. Or pines or maples. Those would actually benefit from a higher nitrogen ratio at times. Note that phosphorus is often the tricky element in fertilizer. This one can most easily be too high. 5 ppm phosphate is enough for azaleas. So I dose fertilizer using that value.
Source:
(as well as some research papers). For other horticultural plants, maybe 10 ppm is better. And for trees, I am not sure.
So I usually dilute my fertilizer/fertigation to 2.5 ppm phosphate.
Fertilizer can have an effect on soil pH. And this has to do with how much of the nitrogen comes from ammonia and how much from nitrate, assuming it is a chemical fertilzer.
Consumer fertilizer labeled for say roses, tomato plants, hortenia&rhododendron, they are basically priced based on how much money people are willing to spend on their roses, or tomato plants, etc.
Any bonsai fertilizer regime depends on the substrate and the watering regime you have in your climate.
Azaleas are very sensitive to fertilizer burn/buildup of fertilizer salts in the soil.
The Japanese make their own fertilizer balls using rape seed and fish meal. Or they use a product like biogold.
These they put on top of the kanuma, often using baskets.
You can use whatever consumer fertilizer product you'd like.
If you want a chemical liquid fertilizer, I am now using Yara Tera Azur, which is marketed at acid loving plants. You can buy this as a consumer, but only in 25kg bags.
You can order it online here:
https://www.duengerexperte.de/de/YaraTera-KRISTALON-AZUR.html no business register number of professional license required.
This is a fertilizer higher in ammonia. Most chemical fertilizers are very heavy on nitrate, as nitrate is the easiest for the plant to take up. And nitrate doesn't usually cause any toxicity. Ammonia can.
This type of fertilizer is used for high quality ornamental plants in hydroponics/greenhouses/fertigation. It is the highest quality in water solubility and purity (meaning low NaCl) for fertilizers offered by Yara, the main fertilizer producer in Europe.
If you want a kg of that stuff, maybe I should sell it to you. Because I have a 25kg bag and even for me that will probably last me maybe 500 years.
But you don't even need anything special. Any fertilizer will do. As long as it does not clog up your kanuma/substrate. Or burn your plant. Or cause toxicity because of a ratio imbalance.
In the wild azaleas grow on eroded rocks with very little soil in very rainy areas. And they do not need fertilizer there. Of course, if you want maximum growth because you are in development, you want more. But for an azalea, minerals that are in the tap water, drop out of the sky (nitrogen deposition/sahara sand) and release from the rock/soil, go a long way to providing their fertilizer. The main issue is chlorosis when the pH becomes too high and iron uptake becomes an issue.
Though I have also had azaleas in kanuma that showed signs of possible nitrogen deffciency (chorosis without veins).
Note, I do not grow any bonsai in kanuma currently.
For my garden&field azaleas, I use a very low NPK ratio organic fertilizer. I have like a 3-0.5-1 NPK clover pellets fertilizer. Which is very low, almost at a mulch level NPK. And a fertilizer advertised to lower soil pH. Not sure why they claim it will lower pH, though.
For potted azaleas, I use osmocote.
DCM also has specific rhododendron fertilizer, but that's just partly organic