Kazakhstan: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Kazakhstan

The Kazakh monoammonium phosphate market skyrocketed to $X in 2022, jumping by 19% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Monoammonium Phosphate Production in Kazakhstan

In value terms, monoammonium phosphate production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by 26% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Monoammonium Phosphate Exports

Exports from Kazakhstan

In 2022, monoammonium phosphate exports from Kazakhstan declined rapidly to X tons, falling by -96.9% against the previous year. Overall, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 856%. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, monoammonium phosphate exports declined sharply to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 1,332% against the previous year. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

Afghanistan (X tons) was the main destination for monoammonium phosphate exports from Kazakhstan, with a 69% share of total exports. Moreover, monoammonium phosphate exports to Afghanistan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Afghanistan was relatively modest.

In value terms, the largest markets for monoammonium phosphate exported from Kazakhstan were Uzbekistan ($X) and Afghanistan ($X).

Among the main countries of destination, Afghanistan, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, picking up by 30% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monoammonium phosphate export price increased by +102.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Afghanistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+43.2%), while the prices for the other major destinations experienced mixed trend patterns.

Monoammonium Phosphate Imports

Imports into Kazakhstan

In 2022, overseas purchases of monoammonium phosphate (MAP) decreased by -50.8% to X tons, falling for the second consecutive year after seven years of growth. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 580% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports dropped dramatically to $X in 2022. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 510% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) was the main monoammonium phosphate supplier to Kazakhstan, with a 96% share of total imports. Moreover, monoammonium phosphate imports from Russia exceeded the figures recorded by the second-largest supplier, Kyrgyzstan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +37.9%.

In value terms, Russia ($X) constituted the largest supplier of monoammonium phosphate (MAP) to Kazakhstan, comprising 93% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +38.5%.

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, picking up by 16% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 98%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+27.2%).

Source: IndexBox Platform

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