Uzbekistan: Market for Nitric Acid And Sulphonitric Acids 2024

Market Size for Nitric Acid And Sulphonitric Acids in Uzbekistan

The Uzbek nitric and sulphonitric acids market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Nitric and sulphonitric acids consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Nitric Acid And Sulphonitric Acids in Uzbekistan

In value terms, nitric and sulphonitric acids production surged to $X in 2021 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Nitric Acid And Sulphonitric Acids

Exports from Uzbekistan

In 2021, approx. X tons of nitric acid and sulphonitric acids were exported from Uzbekistan; with a decrease of -39.2% against 2020 figures. Overall, exports showed a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 137% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, nitric and sulphonitric acids exports expanded rapidly to $X in 2021. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 132%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for nitric and sulphonitric acids exports from Uzbekistan, with a 75% share of total exports. Moreover, nitric and sulphonitric acids exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X tons), fivefold. The third position in this ranking was held by Russia (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan totaled -18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+4.3% per year) and Russia (-22.8% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for nitric acid and sulphonitric acids exports from Uzbekistan, comprising 83% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a 16% share of total exports. It was followed by Kyrgyzstan, with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+9.3% per year) and Kyrgyzstan (-27.3% per year).

Export Prices by Country

The average nitric and sulphonitric acids export price stood at $X per ton in 2021, growing by 81% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nitric Acid And Sulphonitric Acids

Imports into Uzbekistan

For the third year in a row, Uzbekistan recorded growth in purchases abroad of nitric acid and sulphonitric acids, which increased by 0.4% to X tons in 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,154%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, nitric and sulphonitric acids imports reduced remarkably to $X in 2021. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,109%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of nitric and sulphonitric acids to Uzbekistan, accounting for a 96% share of total imports. It was followed by Germany (X kg), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +63.6%.

In value terms, Turkey ($X) constituted the largest supplier of nitric acid and sulphonitric acids to Uzbekistan, comprising 94% of total imports. The second position in the ranking was held by Germany ($X), with a 1.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +74.4%.

Import Prices by Country

The average nitric and sulphonitric acids import price stood at $X per ton in 2021, with a decrease of -15.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 130%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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