Central Asia: Potassium Sulphate (Sop) Market 2025

Potassium Sulphate (Sop) Market Size in Central Asia

The Central Asian potassium sulphate (SOP) market surged to $X in 2022, growing by 79% against the previous year. Over the period under review, consumption showed a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Potassium Sulphate (Sop) Production in Central Asia

In value terms, potassium sulphate (SOP) production totaled $X in 2022 estimated in export price. In general, production saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 520% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Potassium Sulphate (Sop) Exports

Exports in Central Asia

After two years of growth, shipments abroad of potassium sulphate (SOP) decreased by -20.3% to X tons in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,350%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, potassium sulphate (SOP) exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of 1,015% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Uzbekistan dominates exports structure, amounting to X tons, which was near 97% of total exports in 2022. Kazakhstan (X tons) held a minor share of total exports.

Uzbekistan was also the fastest-growing in terms of the potassium sulphate (SOP) exports, with a CAGR of +464.9% from 2012 to 2022. At the same time, Kazakhstan (+3.4%) displayed positive paces of growth. While the share of Uzbekistan (+97 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-8.9 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest potassium sulphate (SOP) supplier in Central Asia, comprising 96% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan stood at +591.8%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, with an increase of 80% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+22.5%).

Potassium Sulphate (Sop) Imports

Imports in Central Asia

In 2022, approx. X tons of potassium sulphate (SOP) were imported in Central Asia; declining by -20.2% against the previous year. Overall, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 209% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank sharply in the following year.

In value terms, potassium sulphate (SOP) imports rose modestly to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 144% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Kazakhstan (X tons) was the main importer of potassium sulphate (SOP), constituting 46% of total imports. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Turkmenistan (X tons). All these countries together held approx. 51% share of total imports. Kyrgyzstan (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkmenistan (with a CAGR of +31.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest potassium sulphate (SOP) importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), with a combined 96% share of total imports.

In terms of the main importing countries, Turkmenistan, with a CAGR of +31.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, increasing by 30% against the previous year. Overall, the import price, however, recorded a deep downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan ($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 (+14.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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