Central Asia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Central Asia

The Central Asian potassic fertilizer market soared to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Potassic Fertilizer Production in Central Asia

In value terms, potassic fertilizer production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Potassic Fertilizer Exports

Exports in Central Asia

In 2022, shipments abroad of potassic fertilizers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, potassic fertilizer exports soared to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Uzbekistan was the main exporter of potassic fertilizers in Central Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Turkmenistan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (X%).

Uzbekistan experienced a relatively flat trend pattern with regard to volume of exports of potassic fertilizers. At the same time, Turkmenistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.) and Turkmenistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Uzbekistan totaled X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a drastic downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Potassic Fertilizer Imports

Imports in Central Asia

In 2022, overseas purchases of potassic fertilizers increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, potassic fertilizer imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. Uzbekistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkmenistan (X%).

Kazakhstan was also the fastest-growing in terms of the potassic fertilizers imports, with a CAGR of X% from 2012 to 2022. Uzbekistan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. Kazakhstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported potassic fertilizers in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a slight contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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