Central Asia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Central Asia

The Central Asian potassic fertilizer market surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Potassic Fertilizer Production in Central Asia

In value terms, potassic fertilizer production rose to $X in 2022 estimated in export price. In general, production, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Potassic Fertilizer Exports

Exports in Central Asia

In 2022, after two years of growth, there was decline in overseas shipments of potassic fertilizers, when their volume decreased by X% to X tons. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank modestly in the following year.

In value terms, potassic fertilizer exports soared to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Uzbekistan represented the major exporting country with an export of about X tons, which finished at X% of total exports. Turkmenistan (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (X%).

Uzbekistan experienced a relatively flat trend pattern with regard to volume of exports of potassic fertilizers. At the same time, Turkmenistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan and Turkmenistan increased by X and X percentage points, respectively.

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

In Uzbekistan, potassic fertilizer exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a deep slump. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Turkmenistan ($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 mixed trends in the export price figures.

Potassic Fertilizer Imports

Imports in Central Asia

In 2022, supplies from abroad of potassic fertilizers increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, potassic fertilizer imports surged to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Uzbekistan (X tons) and Turkmenistan (X tons), together making up a X% share of total imports.

Kazakhstan was also the fastest-growing in terms of the potassic fertilizers imports, with a CAGR of X% from 2012 to 2022. Uzbekistan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan and Uzbekistan increased by X and X percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported potassic fertilizers in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan totaled X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked 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 mixed trends in the import price figures.

Source: IndexBox Platform

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