Report Update Nov 1, 2024

Central Asia - Nitrates (Excluding Those of Potassium) - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Nitrates Market 2024

Nitrates Exports

Exports in Central Asia

In 2021, shipments abroad of nitrates (excluding those of potassium) was finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrates exports surged to $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 395% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together finishing at 99% of total export.

Kazakhstan was also the fastest-growing in terms of the nitrates (excluding those of potassium) exports, with a CAGR of +83.9% from 2012 to 2021. While the share of Kazakhstan (+44 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest nitrates supplier in Central Asia.

In Kazakhstan, nitrates exports expanded at an average annual rate of +94.1% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, dropping by -72.3% against the previous year. In general, the export price showed a abrupt slump. The growth pace was the most rapid in 2020 when the export price increased by 303%. As a result, the export price reached the peak level of $X per ton, and then contracted sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +5.5% per year.

Nitrates Imports

Imports in Central Asia

In 2021, purchases abroad of nitrates (excluding those of potassium) decreased by -21.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 219%. The volume of import peaked at X tons in 2020, and then shrank remarkably in the following year.

In value terms, nitrates imports dropped markedly to $X in 2021. In general, imports, however, showed a strong increase. The growth pace was the most rapid in 2017 with an increase of 111% against the previous year. The level of import peaked at $X in 2020, and then dropped markedly in the following year.

Imports by Country

Kazakhstan was the major importer of nitrates (excluding those of potassium) in Central Asia, with the volume of imports reaching X tons, which was near 70% of total imports in 2021. Turkmenistan (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (10%).

Imports into Kazakhstan increased at an average annual rate of +24.4% from 2012 to 2021. At the same time, Turkmenistan (+42.9%) and Uzbekistan (+20.6%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +42.9% from 2012-2021. From 2012 to 2021, the share of Turkmenistan, Kazakhstan and Uzbekistan increased by +15, +13 and +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Turkmenistan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 99% share of total imports.

Among the main importing countries, Turkmenistan, with a CAGR of +42.7%, 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 2021, surging by 7.8% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 12% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nitrates (excluding those of potassium) in Central Asia?

The country with the largest volume of nitrates consumption was Kazakhstan, accounting for 87% of total volume. Moreover, nitrates consumption in Kazakhstan exceeded the figures recorded by the second-largest consumer, Turkmenistan, more than tenfold. The third position in this ranking was occupied by Uzbekistan, with a 4% share.

What are the leading exporters of nitrates (excluding those of potassium) in Central Asia?

In value terms, Kazakhstan, Tajikistan and Kyrgyzstan appeared to be the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

What are the leading importers of nitrates (excluding those of potassium) in Central Asia?

In value terms, Kazakhstan constitutes the largest market for imported nitrates excluding those of potassium) in Central Asia, comprising 69% of total imports. The second position in the ranking was occupied by Tajikistan, with a 17% share of total imports. It was followed by Uzbekistan, with a 6.6% share.

What is the average export price for nitrates (excluding those of potassium) in Central Asia?

The export price in Central Asia stood at $144 per ton in 2021, waning by -91.2% against the previous year.

What is the average import price for nitrates (excluding those of potassium) in Central Asia?

The import price in Central Asia stood at $454 per ton in 2021, with a decrease of -10.8% against the previous year.

This report provides an in-depth analysis of the nitrates market in Central Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20134210 - Nitrates (excluding those of potassium)

Country coverage:

Kazakhstan
Kyrgyzstan
Mongolia
Tajikistan
Turkmenistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Central Asia, split by region and country
Trade (exports and imports) in Central Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023