Central Asia: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Central Asia

The Central Asian monoammonium phosphate market expanded significantly to $X in 2022, increasing by 7.4% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.5% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Monoammonium Phosphate Production in Central Asia

In value terms, monoammonium phosphate production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Monoammonium Phosphate Exports

Exports in Central Asia

In 2022, approx. X tons of monoammonium phosphate (MAP) were exported in Central Asia; reducing by -95% against the previous year's figure. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 689% against the previous year. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, monoammonium phosphate exports contracted significantly to $X in 2022. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 1,152% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Kazakhstan was the main exporter of monoammonium phosphate (MAP) in Central Asia, with the volume of exports amounting to X tons, which was near 62% of total exports in 2022. It was distantly followed by Kyrgyzstan (X tons), generating a 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kyrgyzstan (with a CAGR of -17.7%).

In value terms, Kazakhstan ($X) remains the largest monoammonium phosphate supplier in Central Asia, comprising 82% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with an 18% share of total exports.

In Kazakhstan, monoammonium phosphate exports decreased by an average annual rate of -18.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 59%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.2%).

Monoammonium Phosphate Imports

Imports in Central Asia

In 2022, overseas purchases of monoammonium phosphate (MAP) decreased by -52.6% to X tons, falling for the second consecutive year after seven years of growth. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 320%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, monoammonium phosphate imports declined notably to $X in 2022. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 256%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) represented the major importer of monoammonium phosphate (MAP), comprising 62% of total imports. Uzbekistan (X tons) took the second position in the ranking, distantly followed by Kyrgyzstan (X tons). All these countries together held near 35% share of total imports. Tajikistan (X tons) held a little share of total imports.

Imports into Kazakhstan increased at an average annual rate of +38.2% from 2012 to 2022. At the same time, Kyrgyzstan (+90.5%), Uzbekistan (+73.8%) and Tajikistan (+58.8%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +90.5% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Kyrgyzstan and Tajikistan increased by +30, +4.6 and +1.8 percentage points, respectively.

In value terms, the largest monoammonium phosphate importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), together accounting for 96% of total imports.

Among the main importing countries, Kyrgyzstan, with a CAGR of +84.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, growing by 35% against the previous year. In general, the import price, however, saw a slight curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by 51% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Tajikistan ($X per ton), while Kazakhstan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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