Central Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Central Asia

After two years of decline, the Central Asian ammonium sulphate market increased by 51% to $X in 2022. Over the period under review, consumption, however, showed a deep reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ammonium Sulphate Production in Central Asia

In value terms, ammonium sulphate production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 5.4%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Ammonium Sulphate Exports

Exports in Central Asia

In 2022, approx. X tons of ammonium sulphate were exported in Central Asia; dropping by -71.1% against the previous year. Overall, exports, however, saw noticeable growth. The growth pace was the most rapid in 2017 with an increase of 3,115% against the previous year. The volume of export peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, ammonium sulphate exports fell dramatically to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by 3,060%. The level of export peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

In 2022, Uzbekistan (X tons) represented the main exporter of ammonium sulphate, committing 89% of total exports. It was distantly followed by Kazakhstan (X tons), making up an 11% share of total exports.

Uzbekistan was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of -15.8% from 2012 to 2022. Kazakhstan (-17.6%) illustrated a downward trend over the same period. While the share of Uzbekistan (+89 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-89 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest ammonium sulphate supplier in Central Asia, comprising 96% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan totaled +3.3%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by 93% against the previous year. Over the period under review, the export price posted a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+22.7%).

Ammonium Sulphate Imports

Imports in Central Asia

In 2022, purchases abroad of ammonium sulphate decreased by -39.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2017 when imports increased by 74% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, ammonium sulphate imports amounted to $X in 2022. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 75% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan prevails in imports structure, resulting at X tons, which was near 86% of total imports in 2022. It was distantly followed by Tajikistan (X tons), achieving a 9.7% share of total imports. Kyrgyzstan (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ammonium sulphate imports into Kazakhstan stood at +2.1%. At the same time, Tajikistan (+17.0%) and Kyrgyzstan (+11.0%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +17.0% from 2012-2022. Tajikistan (+6.9 p.p.) and Kyrgyzstan (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -9.3% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported ammonium sulphate in Central Asia, comprising 92% of total imports. The second position in the ranking was taken by Tajikistan ($X), with a 5.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled +11.8%. The remaining importing countries recorded the following average annual rates of imports growth: Tajikistan (+13.1% per year) and Kyrgyzstan (+9.3% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, increasing by 68% against the previous year. In general, the import price continues to indicate a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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