Central Asia: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Central Asia

The Central Asian market for compounds with other nitrogen function (excluding isocyanates) soared to $X in 2022, increasing by 158% against the previous year. In general, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Central Asia

In value terms, compounds with other nitrogen function production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports in Central Asia

In 2022, shipments abroad of compounds with other nitrogen function (excluding isocyanates) decreased by -79.9% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 116%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, compounds with other nitrogen function exports shrank significantly to $X in 2022. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2019 with an increase of 107%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kyrgyzstan dominates exports structure, finishing at X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), making up a 4.6% share of total exports.

Exports from Kyrgyzstan decreased at an average annual rate of -25.1% from 2012 to 2022. At the same time, Kazakhstan (+6.7%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +6.7% from 2012-2022. Kazakhstan (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -4.5% from 2012 to 2022, respectively.

In value terms, Kyrgyzstan ($X) remains the largest compounds with other nitrogen function supplier in Central Asia, comprising 96% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 4.2% share of total exports.

In Kyrgyzstan, compounds with other nitrogen function exports declined by an average annual rate of -20.3% over the period from 2012-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, jumping by 30% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, compounds with other nitrogen function export price increased by +95.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 50%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($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 Kyrgyzstan (+6.5%).

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports in Central Asia

In 2022, approx. X tons of compounds with other nitrogen function (excluding isocyanates) were imported in Central Asia; with an increase of 558% on 2021. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, compounds with other nitrogen function imports surged to $X in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Kyrgyzstan (X tons) represented the key importer of compounds with other nitrogen function (excluding isocyanates), generating 78% of total imports. It was distantly followed by Uzbekistan (X tons), committing an 18% share of total imports. The following importers - Tajikistan (X tons) and Kazakhstan (X tons) - each accounted for a 3.4% share of total imports.

Kyrgyzstan was also the fastest-growing in terms of the compounds with other nitrogen function (excluding isocyanates) imports, with a CAGR of +104.2% from 2012 to 2022. At the same time, Tajikistan (+18.0%) and Uzbekistan (+5.9%) displayed positive paces of growth. By contrast, Kazakhstan (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan and Uzbekistan increased by +77 and +18 percentage points, respectively.

In value terms, Kyrgyzstan ($X) constitutes the largest market for imported compounds with other nitrogen function (excluding isocyanates) in Central Asia, comprising 68% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 26% share of total imports. It was followed by Kazakhstan, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value in Kyrgyzstan totaled +90.5%. In the other countries, the average annual rates were as follows: Uzbekistan (+18.6% per year) and Kazakhstan (-4.9% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, dropping by -22.8% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 52%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Uzbekistan (+12.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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