Central Asia: Potassium Chloride (Mop) Market 2023

Potassium Chloride (Mop) Market Size in Central Asia

In 2021, the Central Asian potassium chloride (MOP) market decreased by -41.1% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Potassium Chloride (Mop) Production in Central Asia

In value terms, potassium chloride (MOP) production reduced to $X in 2021 estimated in export price. In general, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by 43% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports in Central Asia

In 2021, shipments abroad of potassium chloride (MOP) increased by 22% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 850% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, potassium chloride (MOP) exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 622%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan was the key exporter of potassium chloride (MOP) in Central Asia, with the volume of exports recording X tons, which was near 86% of total exports in 2021. It was distantly followed by Turkmenistan (X tons), generating a 14% share of total exports.

Exports from Uzbekistan increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Turkmenistan (+97.1%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +97.1% from 2012-2021. From 2012 to 2021, the share of Uzbekistan and Turkmenistan increased by +85 and +13 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uzbekistan ($X) remains the largest potassium chloride (MOP) supplier in Central Asia, comprising 88% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 12% share of total exports.

In Uzbekistan, potassium chloride (MOP) exports increased at an average annual rate of +14.5% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, increasing by 15% against the previous year. In general, the export price, however, saw a deep downturn. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Uzbekistan ($X per ton), while Turkmenistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+10.8%).

Potassium Chloride (Mop) Imports

Imports in Central Asia

For the third year in a row, Central Asia recorded decline in purchases abroad of potassium chloride (MOP), which decreased by -5.6% to X tons in 2021. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 31% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports dropped slightly to $X in 2021. Overall, imports faced a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan prevails in imports structure, amounting to X tons, which was near 83% of total imports in 2021. It was distantly followed by Kyrgyzstan (X tons), achieving a 6.6% share of total imports. Uzbekistan (X tons), Mongolia (X tons), Turkmenistan (X tons) and Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to potassium chloride (MOP) imports into Kazakhstan stood at -7.9%. At the same time, Kyrgyzstan (+70.5%) and Mongolia (+35.6%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +70.5% from 2012-2021. By contrast, Uzbekistan (-6.8%), Tajikistan (-10.7%) and Turkmenistan (-35.1%) illustrated a downward trend over the same period. While the share of Kazakhstan (+19 p.p.), Kyrgyzstan (+6.6 p.p.), Uzbekistan (+3.7 p.p.) and Mongolia (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-32.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported potassium chloride (MOP) in Central Asia, comprising 81% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 6.5% share of total imports. It was followed by Mongolia, with a 3.9% share.

In Kazakhstan, potassium chloride (MOP) imports decreased by an average annual rate of -11.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kyrgyzstan (+22.1% per year) and Mongolia (+22.9% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, growing by 5.2% against the previous year. Overall, the import price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :