Central Asia: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2024

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Central Asia

The Central Asian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers totaled $X in 2023, growing by X% against the previous year. In general, consumption, however, saw a pronounced contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Central Asia

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers skyrocketed to $X in 2023 estimated in export price. Overall, production showed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports in Central Asia

Exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers dropped rapidly to X tons in 2023, which is down by X% on 2022. In general, exports, however, showed significant growth. The smallest decline of X% was in 2017. Over the period under review, the exports of reached the maximum at X tons in 2022, and then declined rapidly in the following year.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2023. Overall, exports, however, showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, namely Uzbekistan, represented more than two-thirds of total export.

Uzbekistan was also the fastest-growing in terms of the carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports, with a CAGR of X% from 2013 to 2023. From 2013 to 2023, the share of Uzbekistan increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) also remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in Central Asia.

In Uzbekistan, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased at an average annual rate of X% over the period from 2013-2023.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2013 to 2023, the rate of growth in terms of prices for Uzbekistan amounted to X% per year.

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports in Central Asia

In 2023, overseas purchases of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers fell to $X in 2023. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan prevails in fertilisers structure, reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Turkmenistan (X tons), creating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imports into Kazakhstan stood at X%. At the same time, Turkmenistan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. While the share of Turkmenistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Central Asia, comprising X% of total imports. The second position in the ranking was held by Turkmenistan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan stood at X%.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkmenistan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%).

Source: IndexBox Platform