Kazakhstan: Nitrogen Market 2024

Nitrogen Market Size in Kazakhstan

The Kazakh nitrogen market rose significantly to $X in 2021, growing by 7.8% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.7% against 2019 indices. Nitrogen consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Nitrogen Production in Kazakhstan

In value terms, nitrogen production totaled $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 66%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Nitrogen Exports

Exports from Kazakhstan

In 2021, overseas shipments of nitrogen increased by 118% to X cubic meters, rising for the third year in a row after two years of decline. Over the period under review, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 207%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, nitrogen exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 117%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkmenistan (X cubic meters) was the main destination for nitrogen exports from Kazakhstan, accounting for a 97% share of total exports. It was followed by Uzbekistan (X cubic meters), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkmenistan stood at +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+45.3% per year) and Russia (-28.5% per year).

In value terms, Turkmenistan ($X) remains the key foreign market for nitrogen exports from Kazakhstan, comprising 87% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 4.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkmenistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+9.2% per year) and Russia (-51.6% per year).

Export Prices by Country

In 2021, the average nitrogen export price amounted to $X per cubic meter, reducing by -44.7% against the previous year. Overall, the export price faced a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 41%. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per cubic meter), while the average price for exports to Russia ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (-11.7%), while the prices for the other major destinations experienced a decline.

Nitrogen Imports

Imports into Kazakhstan

In 2021, approx. X cubic meters of nitrogen were imported into Kazakhstan; with an increase of 42% on the previous year. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 189% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, nitrogen imports skyrocketed to $X in 2021. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by 84%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Russia (X cubic meters) constituted the largest nitrogen supplier to Kazakhstan, with a 84% share of total imports. Moreover, nitrogen imports from Russia exceeded the figures recorded by the second-largest supplier, Estonia (X cubic meters), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +29.1%.

In value terms, Russia ($X) constituted the largest supplier of nitrogen to Kazakhstan, comprising 90% of total imports. The second position in the ranking was taken by Estonia ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +16.6%.

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2021, dropping by -8% against the previous year. Overall, the import price faced a deep slump. The growth pace was the most rapid in 2013 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per cubic meter), while the price for Estonia amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+20.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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