Kazakhstan: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Kazakhstan

The Kazakh phosphoric acid market reached $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Phosphoric Acid Production in Kazakhstan

In value terms, phosphoric acid production totaled $X in 2022 estimated in export price. In general, production, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2014 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Phosphoric Acid Exports

Exports from Kazakhstan

In 2022, approx. X tons of phosphoric acid and polyphosphoric acids were exported from Kazakhstan; approximately mirroring 2021. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2018 with an increase of 49% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, phosphoric acid exports amounted to $X in 2022. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 50%. The exports peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Russia (X tons) was the main destination for phosphoric acid exports from Kazakhstan, with a 86% share of total exports. Moreover, phosphoric acid exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), more than tenfold. Lithuania (X tons) ranked third in terms of total exports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+31.8% per year) and Lithuania (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Kazakhstan, comprising 85% of total exports. The second position in the ranking was taken by Belarus ($X), with a 5.2% share of total exports. It was followed by Kyrgyzstan, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+31.3% per year) and Kyrgyzstan (+29.3% per year).

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uzbekistan ($X per ton) and Belarus ($X per ton), while the average price for exports to Lithuania ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+3.6%), while the prices for the other major destinations experienced a decline.

Phosphoric Acid Imports

Imports into Kazakhstan

In 2022, phosphoric acid imports into Kazakhstan reduced dramatically to X tons, with a decrease of -16.5% on the previous year's figure. In general, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 90%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphoric acid imports fell dramatically to $X in 2022. Overall, imports, however, posted a notable expansion. The growth pace was the most rapid in 2013 with an increase of 132%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Switzerland (X tons) were the main suppliers of phosphoric acid imports to Kazakhstan, together comprising 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +83.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest phosphoric acid suppliers to Kazakhstan were China ($X), Russia ($X) and Switzerland ($X), together accounting for 97% of total imports.

In terms of the main suppliers, Switzerland, with a CAGR of +51.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, declining by -3.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 30%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Switzerland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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