Central Asia: Fertilizer Market 2024

Fertilizer Market Size in Central Asia

The Central Asian fertilizer market dropped dramatically to $X in 2023, falling by X% against the previous year. The total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Fertilizer Production in Central Asia

In value terms, fertilizer production expanded rapidly to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Fertilizer Exports

Exports in Central Asia

In 2023, the amount of fertilizers exported in Central Asia rose slightly to X tons, picking up by X% against the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, fertilizer exports reduced dramatically to $X in 2023. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2022, and then declined remarkably in the following year.

Exports by Country

Turkmenistan (X tons) and Uzbekistan (X tons) represented the key exporters of fertilizers in 2023, resulting at approx. X% and X% of total exports, respectively. It was distantly followed by Kazakhstan (X tons), creating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Turkmenistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer supplying countries in Central Asia were Turkmenistan ($X), Uzbekistan ($X) and Kazakhstan ($X), with a combined X% share of total exports.

Turkmenistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, saw a measured increase. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped sharply in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%), while the other leaders experienced more modest paces of growth.

Fertilizer Imports

Imports in Central Asia

Fertilizer imports reduced to X tons in 2023, waning by X% compared with the year before. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, fertilizer imports dropped to $X in 2023. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2023, Kazakhstan (X tons) was the main importer of fertilizers, generating X% of total imports. Uzbekistan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%), Mongolia (X%), Tajikistan (X%) and Turkmenistan (X%).

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X), together accounting for X% of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fertilizer import price increased by X% against 2017 indices. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform