Central Asia: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Central Asia

In 2022, the Central Asian NPK fertilizer market decreased by -41.6% to $X, falling for the second consecutive year after five years of growth. In general, consumption, however, saw a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Npk Fertilizer Production in Central Asia

In value terms, NPK fertilizer production fell to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Npk Fertilizer Exports

Exports in Central Asia

NPK fertilizer exports skyrocketed to X tons in 2022, jumping by 258% on the previous year. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 1,592%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, NPK fertilizer exports surged to $X in 2022. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,408%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan dominates exports structure, reaching X tons, which was approx. 91% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), comprising a 4.7% share of total exports. Kyrgyzstan (X tons) held a minor share of total exports.

Uzbekistan was also the fastest-growing in terms of the mixed nitrogen, phosphorus and potassium (NPK) fertilizers exports, with a CAGR of +59.1% from 2012 to 2022. At the same time, Kazakhstan (+19.3%) and Kyrgyzstan (+18.6%) displayed positive paces of growth. From 2012 to 2022, the share of Uzbekistan and Kyrgyzstan increased by +91 and +2.1 percentage points, respectively.

In value terms, Uzbekistan ($X) remains the largest NPK fertilizer supplier in Central Asia, comprising 96% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan stood at +85.2%. In the other countries, the average annual rates were as follows: Kazakhstan (+10.9% per year) and Kyrgyzstan (+3.1% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, surging by 37% against the previous year. In general, the export price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2013 an increase of 114%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($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 (+16.4%), while the other leaders experienced a decline in the export price figures.

Npk Fertilizer Imports

Imports in Central Asia

In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported in Central Asia rose significantly to X tons, increasing by 6.3% compared with the previous year. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 111% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, NPK fertilizer imports declined sharply to $X in 2022. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, Kazakhstan (X tons) and Kyrgyzstan (X tons) represented the largest importers of mixed nitrogen, phosphorus and potassium (NPK) fertilizers in Central Asia, together recording near 78% of total imports. It was distantly followed by Tajikistan (X tons), creating a 16% share of total imports. Mongolia (X tons) and Uzbekistan (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kyrgyzstan (with a CAGR of +50.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest NPK fertilizer importing markets in Central Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Tajikistan ($X), with a combined 86% share of total imports. Uzbekistan and Mongolia lagged somewhat behind, together comprising a further 13%.

Among the main importing countries, Mongolia, with a CAGR of +34.8%, recorded the highest rates of growth with regard to 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

The import price in Central Asia stood at $X per ton in 2022, dropping by -20.2% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 40% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($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 (-1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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