Central Asia: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Central Asia

The Central Asian phosphoric acid market amounted to $X in 2022, standing approx. at the previous year. In general, consumption, however, saw a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Phosphoric Acid Production in Central Asia

In value terms, phosphoric acid production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2014 with an increase of 6% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phosphoric Acid Exports

Exports in Central Asia

In 2022, approx. X tons of phosphoric acid and polyphosphoric acids were exported in Central Asia; with an increase of 2.5% compared with the previous year's figure. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 49%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, phosphoric acid exports totaled $X in 2022. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Kazakhstan dominates exports structure, accounting for X tons, which was approx. 98% of total exports in 2022. Kyrgyzstan (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to phosphoric acid exports from Kazakhstan stood at +5.9%. At the same time, Kyrgyzstan (+24.1%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +24.1% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest phosphoric acid supplier in Central Asia, comprising 97% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 1.8% share of total exports.

In Kazakhstan, phosphoric acid exports increased at an average annual rate of +5.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 17%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.4%).

Phosphoric Acid Imports

Imports in Central Asia

In 2022, approx. X tons of phosphoric acid and polyphosphoric acids were imported in Central Asia; picking up by 63% against 2021 figures. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 90% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, phosphoric acid imports surged to $X in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 134% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Uzbekistan (X tons) represented the main importer of phosphoric acid and polyphosphoric acids, creating 77% of total imports. Kazakhstan (X tons) held the second position in the ranking, distantly followed by Kyrgyzstan (X tons). All these countries together held near 21% share of total imports.

Uzbekistan was also the fastest-growing in terms of the phosphoric acid and polyphosphoric acids imports, with a CAGR of +54.0% from 2012 to 2022. At the same time, Kyrgyzstan (+22.9%) and Kazakhstan (+4.8%) displayed positive paces of growth. From 2012 to 2022, the share of Uzbekistan increased by +77 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) constitutes the largest market for imported phosphoric acid and polyphosphoric acids in Central Asia, comprising 70% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 20% share of total imports.

In Uzbekistan, phosphoric acid imports expanded at an average annual rate of +68.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+4.1% per year) and Kyrgyzstan (+24.4% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, falling by -6.9% against the previous year. Overall, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2017 when the import price increased by 41%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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