Central Asia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Central Asia

In 2023, after two years of growth, there was decline in the Central Asian nitrogenous fertilizer market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a pronounced setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Nitrogenous Fertilizer Production in Central Asia

In value terms, nitrogenous fertilizer production expanded significantly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

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Nitrogenous Fertilizer Exports

Exports in Central Asia

In 2023, exports of nitrogenous fertilizers (mineral or chemical) in Central Asia totaled X tons, surging by X% on 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports contracted notably to $X in 2023. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted notably in the following year.

Exports by Country

Turkmenistan represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. Uzbekistan (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons). All these countries together took near X% share of total exports.

Exports from Turkmenistan increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. Kazakhstan experienced a relatively flat trend pattern. While the share of Turkmenistan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Turkmenistan ($X) remains the largest nitrogenous fertilizer supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports.

In Turkmenistan, nitrogenous fertilizer exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price, however, showed strong growth. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: 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 Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports in Central Asia

After two years of decline, supplies from abroad of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons in 2023. Total imports indicated tangible growth from 2012 to 2023: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, nitrogenous fertilizer imports fell dramatically to $X in 2023. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

Kazakhstan was the main importing country with an import of about X tons, which finished at X% of total imports. Mongolia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%), Tajikistan (X%) and Turkmenistan (X%).

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Turkmenistan (X%), Tajikistan (X%) and Mongolia (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. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. While the share of Mongolia (X p.p.), Turkmenistan (X p.p.) and Tajikistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Mongolia ($X), with an X% share of total imports. It was followed by Tajikistan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Kazakhstan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, enjoyed mild growth. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

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