Report Update Nov 1, 2024

Uzbekistan - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights

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Uzbekistan: Potassium Sulphate (Sop) Market 2024

Potassium Sulphate (Sop) Market Size in Uzbekistan

The Uzbek potassium sulphate (SOP) market skyrocketed to $X in 2022, jumping by 140% against the previous year. Over the period under review, consumption recorded temperate growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassium Sulphate (Sop) Production in Uzbekistan

In value terms, potassium sulphate (SOP) production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 7.8% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Potassium Sulphate (Sop) Exports

Exports from Uzbekistan

In 2022, after three years of growth, there was significant decline in shipments abroad of potassium sulphate (SOP), when their volume decreased by -22.4% to X tons. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,601%. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, potassium sulphate (SOP) exports surged to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 2,558% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India (X tons), Iran (X tons) and Chile (X tons) were the main destinations of potassium sulphate (SOP) exports from Uzbekistan, together comprising 72% of total exports.

From 2019 to 2022, the biggest increases were recorded for Chile (with a CAGR of +447,245.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Iran ($X) and Chile ($X) were the largest markets for potassium sulphate (SOP) exported from Uzbekistan worldwide, together accounting for 72% of total exports.

Among the main countries of destination, Chile, with a CAGR of +760,038.2%, recorded the highest rates of growth with regard to the value of exports, 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 sulphate (SOP) export price amounted to $X per ton, jumping by 79% against the previous year. Over the period under review, the export price recorded a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($X per ton) and India ($X per ton), while the average price for exports to Turkmenistan ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+70.6%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Sulphate (Sop) Imports

Imports into Uzbekistan

In 2022, after two years of decline, there was significant growth in purchases abroad of potassium sulphate (SOP), when their volume increased by 5.2% to X tons. In general, imports, however, saw a abrupt decline. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, potassium sulphate (SOP) imports skyrocketed to $X in 2022. Overall, imports, however, saw a mild curtailment. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of potassium sulphate (SOP) imports to Uzbekistan, together accounting for 64% of total imports.

From 2017 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +208.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium sulphate (SOP) suppliers to Uzbekistan were Kazakhstan ($X), Italy ($X) and Turkey ($X), together accounting for 59% of total imports.

Italy, with a CAGR of +293.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potassium sulphate (SOP) import price amounted to $X per ton, growing by 67% against the previous year. In general, import price indicated a remarkable increase from 2017 to 2022: its price increased at an average annual rate of +14.5% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) import price increased by +73.5% against 2020 indices. As a result, import price attained 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 Russia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+80.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium sulphate (sop) in the world?

The countries with the highest volumes of potassium sulphate sop) consumption in 2021 were the United States, Finland and Chile, with a combined 33% share of global consumption. Taiwan Chinese), South Africa, Pakistan, Norway, France, Peru, Iran, Mexico, the Netherlands and Japan lagged somewhat behind, together comprising a further 35%.

What are the largest producers of potassium sulphate (sop) in the world?

The countries with the highest volumes of potassium sulphate sop) production in 2021 were the United States, Germany and Finland, with a combined 49% share of global production.

What are the leading suppliers of potassium sulphate (sop) to Uzbekistan?

In value terms, the largest potassium sulphate sop) suppliers to Uzbekistan were Kyrgyzstan, Russia and Turkey, together accounting for 52% of total imports. Belgium, Italy, Lithuania and Finland lagged somewhat behind, together comprising a further 30%.

What are the leading importers of potassium sulphate (sop) from Uzbekistan?

In value terms, China emerged as the key foreign market for potassium sulphate sop) exports from Uzbekistan, comprising 60% of total exports. The second position in the ranking was occupied by Iran, with a 20% share of total exports. It was followed by Lithuania, with a 9.1% share.

What is the average export price for potassium sulphate (sop) in Uzbekistan?

The average potassium sulphate sop) export price stood at $518 per ton in 2021, rising by 8.3% against the previous year.

What is the average import price for potassium sulphate (sop) in Uzbekistan?

The average potassium sulphate sop) import price stood at $498 per ton in 2021, leveling off at the previous year.

This report provides an in-depth analysis of the potassium sulphate (sop) market in Uzbekistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4017 -

Country coverage:

Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uzbekistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023