Uzbekistan: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Uzbekistan

In 2022, the Uzbek potassium chloride (MOP) market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Potassium Chloride (Mop) Production in Uzbekistan

In value terms, potassium chloride (MOP) production shrank to $X in 2022 estimated in export price. In general, production, however, showed a perceptible descent. The pace of growth was the most pronounced in 2015 with an increase of 49%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Potassium Chloride (Mop) Exports

Exports from Uzbekistan

In 2022, after two years of growth, there was significant decline in shipments abroad of potassium chloride (MOP), when their volume decreased by -12.6% to X tons. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, potassium chloride (MOP) exports soared to $X in 2022. Overall, exports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Indonesia (X tons), Japan (X tons) and China (X tons) were the main destinations of potassium chloride (MOP) exports from Uzbekistan, with a combined 42% share 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 Japan (with a CAGR of +312.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potassium chloride (MOP) exported from Uzbekistan were Greece ($X), Indonesia ($X) and Malaysia ($X), together accounting for 38% of total exports. Thailand, Japan, Morocco, Switzerland, Poland, China and Vietnam lagged somewhat behind, together comprising a further 47%.

Poland, with a CAGR of +423.9%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, growing by 62% against the previous year. Over the period under review, the export price enjoyed a prominent increase. As a result, the export price reached 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 Malaysia ($X per ton), while the average price for exports to China ($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 Poland (+69.4%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Uzbekistan

In 2022, supplies from abroad of potassium chloride (MOP) increased by 28% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 143% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports soared to $X in 2022. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2018 when imports increased by 177% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest potassium chloride (MOP) supplier to Uzbekistan, with a 63% share of total imports. Moreover, potassium chloride (MOP) imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fivefold. Belarus (X tons) ranked third in terms of total imports with a 7.6% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from China amounted to -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+17.3% per year) and Belarus (0.0% per year).

In value terms, China ($X) constituted the largest supplier of potassium chloride (MOP) to Uzbekistan, comprising 56% of total imports. The second position in the ranking was held by Belarus ($X), with a 12% share of total imports. It was followed by the Czech Republic, with an 8.9% share.

From 2017 to 2022, the average annual rate of growth in terms of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (0.0% per year) and the Czech Republic (-4.7% per year).

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, jumping by 63% against the previous year. In general, import price indicated buoyant growth from 2017 to 2022: its price increased at an average annual rate of +13.4% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium chloride (MOP) import price increased by +75.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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