Uzbekistan: Sodium Nitrate Market 2024

Sodium Nitrate Market Size in Uzbekistan

In 2022, the Uzbek sodium nitrate market decreased by -4.9% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 -25.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sodium Nitrate Production in Uzbekistan

In value terms, sodium nitrate production reached $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. The growth pace was the most rapid in 2017 when the production volume increased by 60% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Sodium Nitrate Exports

Exports from Uzbekistan

In 2022, overseas shipments of sodium nitrate increased by 34% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 99% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, sodium nitrate exports surged to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for sodium nitrate exports from Uzbekistan, with a 58% share of total exports. Moreover, sodium nitrate exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X tons), fourfold. India (X tons) ranked third in terms of total exports with an 8.7% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+45.9% per year) and India (+57.3% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for sodium nitrate exports from Uzbekistan, comprising 46% of total exports. The second position in the ranking was taken by India ($X), with a 17% share of total exports. It was followed by Turkey, with a 9.3% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+222.4% per year) and Turkey (0.0% per year).

Export Prices by Country

In 2022, the average sodium nitrate export price amounted to $X per ton, jumping by 28% against the previous year. Over the last five years, it increased at an average annual rate of +5.6%. As a result, the export price attained 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 Russia ($X per ton), while the average price for exports to Tajikistan ($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 India (+105.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sodium Nitrate Imports

Imports into Uzbekistan

In 2022, after three years of growth, there was significant decline in purchases abroad of sodium nitrate, when their volume decreased by -98.3% to X tons. Over the period under review, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2019 with an increase of 639% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, sodium nitrate imports plummeted to $X in 2022. In general, imports saw a significant contraction. The pace of growth was the most pronounced in 2019 when imports increased by 485% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of sodium nitrate to Uzbekistan, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +11.2%.

In value terms, Turkey ($X) constituted the largest supplier of sodium nitrate to Uzbekistan.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to +6.5%.

Import Prices by Country

The average sodium nitrate import price stood at $X per ton in 2022, increasing by 40% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 77%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Kyrgyzstan amounted to -3.4% per year.

Source: IndexBox Platform

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