Report Update Nov 1, 2024

Kazakhstan - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

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Kazakhstan: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Kazakhstan

The Kazakh potassium nitrate market soared to $X in 2022, increasing by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Potassium Nitrate Exports

Exports from Kazakhstan

In 2022, after five years of growth, there was significant decline in shipments abroad of potassium nitrates, when their volume decreased by -92.4% to X tons. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 745%. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, potassium nitrate exports skyrocketed to $X in 2022. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 843%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Uzbekistan (X tons) was the main destination for potassium nitrate exports from Kazakhstan, accounting for a 67% share of total exports. Moreover, potassium nitrate exports to Uzbekistan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uzbekistan stood at -13.2%.

In value terms, Uzbekistan ($X) remains the key foreign market for potassium nitrates exports from Kazakhstan, comprising 99% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan stood at +199.0%.

Export Prices by Country

The average potassium nitrate export price stood at $X per ton in 2022, increasing by 4,360% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas 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 Kyrgyzstan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+244.4%).

Potassium Nitrate Imports

Imports into Kazakhstan

In 2022, after two years of growth, there was significant decline in overseas purchases of potassium nitrates, when their volume decreased by -17.8% to X tons. In general, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 120%. Imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, potassium nitrate imports soared to $X in 2022. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 86%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Russia (X tons), Jordan (X tons) and Kyrgyzstan (X tons) were the main suppliers of potassium nitrate imports to Kazakhstan, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +85.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Jordan ($X) and Kyrgyzstan ($X) were the largest potassium nitrate suppliers to Kazakhstan, with a combined 95% share of total imports.

Kyrgyzstan, with a CAGR of +98.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potassium nitrate import price stood at $X per ton in 2022, with an increase of 60% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for Uzbekistan ($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 (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium nitrates in the world?

China constituted the country with the largest volume of potassium nitrate consumption, comprising approx. 16% of total volume. Moreover, potassium nitrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Spain ranked third in terms of total consumption with a 5.5% share.

What are the largest producers of potassium nitrates in the world?

The countries with the highest volumes of in 2021 were China, Chile and India, with a combined 36% share of global production.

What are the leading suppliers of potassium nitrates to Kazakhstan?

In value terms, the largest potassium nitrate suppliers to Kazakhstan were Jordan, Russia and Chile, with a combined 92% share of total imports.

What are the leading importers of potassium nitrates from Kazakhstan?

In value terms, Kyrgyzstan remains the key foreign market for potassium nitrate exports from Kazakhstan.

What is the average export price for potassium nitrates in Kazakhstan?

In 2021, the average potassium nitrate export price amounted to $1,298 per ton, approximately equating the previous year.

What is the average import price for potassium nitrates in Kazakhstan?

The average potassium nitrate import price stood at $797 per ton in 2021, declining by -3.9% against the previous year.

This report provides an in-depth analysis of the potassium nitrate market in Kazakhstan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4025 -

Country coverage:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023