Central Asia: Fertilizer Market 2024

Fertilizer Market Size in Central Asia

The Central Asian fertilizer market expanded remarkably to $X in 2022, increasing by X% against the previous year. In general, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Fertilizer Production in Central Asia

In value terms, fertilizer production amounted to $X in 2022 estimated in export price. In general, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports in Central Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of fertilizers, when their volume decreased by X% to X tons. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, fertilizer exports contracted slightly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Turkmenistan (X tons) and Uzbekistan (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), mixing up an X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Turkmenistan (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Uzbekistan ($X), Turkmenistan ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Turkmenistan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain 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 ($X per ton), while Turkmenistan ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Fertilizer Imports

Imports in Central Asia

In 2022, the amount of fertilizers imported in Central Asia skyrocketed to X tons, rising by X% against the previous year's figure. Over the period under review, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, fertilizer imports soared to $X in 2022. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan represented the major importing country with an import of around X tons, which reached X% of total imports. Mongolia (X tons) ranks second in terms of the total imports with a X% share, followed by Kyrgyzstan (X%), Tajikistan (X%), Uzbekistan (X%) and Turkmenistan (X%).

From 2012 to 2022, average annual rates of growth with regard to fertilizer imports into Kazakhstan stood at X%. At the same time, Uzbekistan (X%), Tajikistan (X%), Mongolia (X%), Turkmenistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mongolia, Uzbekistan, Tajikistan and Turkmenistan increased by X, X, X and X percentage points, respectively.

In value terms, the largest fertilizer importing markets in Central Asia were Kazakhstan ($X), Mongolia ($X) and Uzbekistan ($X), together comprising X% of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, with an increase of X% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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