Uzbekistan: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Uzbekistan

The Uzbek mixed fertilizer market expanded notably to $X in 2022, surging by 11% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.7% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Mixed Fertilizer Production in Uzbekistan

In value terms, mixed fertilizer production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value 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, production increased by +1.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 48%. Mixed fertilizer production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from Uzbekistan

In 2022, after two years of growth, there was significant decline in overseas shipments of mixed fertilizers, when their volume decreased by -12.1% to X tons. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, mixed fertilizer exports declined to $X in 2022. In general, exports, however, showed temperate growth. The pace of growth was the most pronounced in 2021 with an increase of 193%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Turkmenistan (X tons), Afghanistan (X tons) and Kyrgyzstan (X tons) were the main destinations of mixed fertilizer exports from Uzbekistan, together comprising 89% of total exports.

From 2017 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Afghanistan (with a CAGR of +42.2%), while the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Turkmenistan ($X) and Kyrgyzstan ($X) were the largest markets for mixed fertilizer exported from Uzbekistan worldwide, together comprising 88% of total exports.

Afghanistan, with a CAGR of +87.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, surging by 4.3% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 79% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Uzbekistan

In 2022, approx. X tons of mixed fertilizers were imported into Uzbekistan; picking up by 299% against the year before. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 11,941%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, mixed fertilizer imports soared to $X in 2022. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 12,441%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of mixed fertilizer to Uzbekistan, with a 88% share of total imports. Moreover, mixed fertilizer imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Russia (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan amounted to +312.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+129.2% per year) and Kyrgyzstan (-52.7% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of mixed fertilizers to Uzbekistan, comprising 84% of total imports. The second position in the ranking was held by Russia ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan totaled +394.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+139.0% per year) and Kyrgyzstan (-37.7% per year).

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, picking up by 20% against the previous year. In general, the import price, however, showed a deep slump. The growth pace was the most rapid in 2021 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+31.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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