Central Asia: Nitrates Market 2024

Nitrates Market Size in Central Asia

The Central Asian nitrates market expanded slightly to $X in 2022, growing by X% against the previous year. In general, consumption showed a perceptible shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nitrates Production in Central Asia

In value terms, nitrates production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Nitrates Exports

Exports in Central Asia

Nitrates exports surged to X tons in 2022, picking up by X% on the year before. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, nitrates exports surged to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, Uzbekistan (X tons) was the main exporter of nitrates (excluding those of potassium), committing X% of total exports. It was distantly followed by Kazakhstan (X tons) and Tajikistan (X tons), together comprising a X% share of total exports. Turkmenistan (X tons) held a minor share of total exports.

Uzbekistan experienced a relatively flat trend pattern with regard to volume of exports of nitrates (excluding those of potassium). At the same time, Kazakhstan (X%), Tajikistan (X%) and Turkmenistan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.) and Turkmenistan (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan and Tajikistan saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

Among the main exporting countries, Kazakhstan, with a CAGR of X%, 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 export price in Central Asia amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Nitrates Imports

Imports in Central Asia

In 2022, purchases abroad of nitrates (excluding those of potassium) decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, nitrates imports contracted slightly to $X in 2022. Overall, imports showed a pronounced curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the main importer of nitrates (excluding those of potassium) in Central Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Turkmenistan (X tons) and Uzbekistan (X tons), together mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to nitrates imports into Kazakhstan stood at X%. At the same time, Turkmenistan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan, Turkmenistan and Uzbekistan increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nitrates importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), with a combined X% share of total imports.

Turkmenistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the import price in Central Asia amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :