Central Asia: Sodium Phosphates Market 2024

Sodium Phosphates Market Size in Central Asia

In 2021, after two years of growth, there was significant decline in the Central Asian sodium phosphates market, when its value decreased by -17.9% to $X. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Sodium Phosphates Production in Central Asia

In value terms, sodium phosphates production fell modestly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 36%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Sodium Phosphates Exports

Exports in Central Asia

In 2021, after two years of growth, there was significant decline in overseas shipments of phosphates of mono- or di-sodium, when their volume decreased by -16.3% to X tons. Over the period under review, exports faced a dramatic descent. The pace of growth was the most pronounced in 2015 with an increase of 1,815%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, sodium phosphates exports surged to $X in 2021. Overall, exports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2015 when exports increased by 428%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of phosphates of mono- or di-sodium, namely Kazakhstan, represented more than two-thirds of total export.

Kazakhstan was also the fastest-growing in terms of the phosphates of mono- or di-sodium exports, with a CAGR of -28.1% from 2012 to 2021. While the share of Kazakhstan (+99 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 sodium phosphates supplier in Central Asia.

In Kazakhstan, sodium phosphates exports decreased by an average annual rate of -30.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, surging by 62% against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 86% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

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 -3.2% per year.

Sodium Phosphates Imports

Imports in Central Asia

In 2021, after two years of growth, there was significant decline in overseas purchases of phosphates of mono- or di-sodium, when their volume decreased by -22.6% to X tons. In general, imports showed a mild curtailment. The growth pace was the most rapid in 2015 with an increase of 461%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, sodium phosphates imports fell significantly to $X in 2021. Overall, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2017 when imports increased by 205% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Kyrgyzstan was the major importing country with an import of around X tons, which resulted at 68% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 22% share, followed by Uzbekistan (9.2%).

From 2012 to 2021, average annual rates of growth with regard to sodium phosphates imports into Kyrgyzstan stood at -2.3%. At the same time, Uzbekistan (+53.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +53.6% from 2012-2021. By contrast, Kazakhstan (-3.9%) illustrated a downward trend over the same period. Uzbekistan (+9.2 p.p.) significantly strengthened its position in terms of the total imports, while Kyrgyzstan and Kazakhstan saw its share reduced by -3.7% and -4.7% from 2012 to 2021, respectively.

In value terms, the largest sodium phosphates importing markets in Central Asia were Kazakhstan ($X), Kyrgyzstan ($X) and Uzbekistan ($X), with a combined 98% share of total imports.

Uzbekistan, with a CAGR of +38.7%, saw 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, which is down by -14.4% against the previous year. Over the period under review, the import price, however, posted a moderate increase. The growth pace was the most rapid in 2014 an increase of 117% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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