Central Asia: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Central Asia

The Central Asian phosphinates and phosphonates market rose remarkably to $X in 2022, picking up by 7.6% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Phosphinates And Phosphonates Production in Central Asia

In value terms, phosphinates and phosphonates production fell to $X in 2022 estimated in export price. In general, production continues to indicate a slight setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 29%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Phosphinates And Phosphonates Exports

Exports in Central Asia

In 2022, overseas shipments of phosphinates (hypophosphites) and phosphonates (phosphites) were finally on the rise to reach X tons after nine years of decline. Over the period under review, exports, however, saw a deep downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, phosphinates and phosphonates exports rose remarkably to $X in 2022. In general, exports, however, saw a dramatic decline. 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

Kazakhstan (X tons) represented roughly 100% of total exports in 2022.

Kazakhstan was also the fastest-growing in terms of the phosphinates (hypophosphites) and phosphonates (phosphites) exports, with a CAGR of -19.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to -21.7%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, surging by 2.6% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in 2014 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -2.4% per year.

Phosphinates And Phosphonates Imports

Imports in Central Asia

In 2022, approx. X tons of phosphinates (hypophosphites) and phosphonates (phosphites) were imported in Central Asia; growing by 74% against the year before. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 478%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, phosphinates and phosphonates imports skyrocketed to $X in 2022. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by 613% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Uzbekistan was the major importing country with an import of around X tons, which amounted to 62% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with a 25% share, followed by Tajikistan (6.2%) and Turkmenistan (4.6%). Kyrgyzstan (X tons) held a minor share of total imports.

Uzbekistan was also the fastest-growing in terms of the phosphinates (hypophosphites) and phosphonates (phosphites) imports, with a CAGR of +807.8% from 2012 to 2022. At the same time, Kyrgyzstan (+38.7%), Tajikistan (+19.7%) and Kazakhstan (+18.8%) displayed positive paces of growth. By contrast, Turkmenistan (-8.8%) illustrated a downward trend over the same period. While the share of Uzbekistan (+62 p.p.) and Kyrgyzstan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-62.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported phosphinates (hypophosphites) and phosphonates (phosphites) in Central Asia, comprising 71% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 22% share of total imports. It was followed by Turkmenistan, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan amounted to +704.7%. In the other countries, the average annual rates were as follows: Kazakhstan (+13.1% per year) and Turkmenistan (-11.8% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by 30% against the previous year. Overall, the import price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2013 when the import price increased by 35%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkmenistan (-3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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