Kazakhstan: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Kazakhstan

The Kazakh phosphoric acid market was estimated at $X in 2022, approximately reflecting the previous year. In general, consumption, however, recorded a noticeable descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Phosphoric Acid Production in Kazakhstan

In value terms, phosphoric acid production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Phosphoric Acid Exports

Exports from Kazakhstan

In 2022, approx. X tons of phosphoric acid and polyphosphoric acids were exported from Kazakhstan; therefore, remained relatively stable against the previous year's figure. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, phosphoric acid exports amounted to $X in 2022. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; afterwards, it flattened through to 2022.

Exports by Country

Russia (X tons) was the main destination for phosphoric acid exports from Kazakhstan, with a X% share of total exports. Moreover, phosphoric acid exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), more than tenfold. Lithuania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Lithuania (X% per year).

In value terms, Russia ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uzbekistan ($X per ton) and Belarus ($X per ton), while the average price for exports to Lithuania ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced a decline.

Phosphoric Acid Imports

Imports into Kazakhstan

Phosphoric acid imports into Kazakhstan dropped remarkably to X tons in 2022, declining by X% on 2021 figures. In general, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, phosphoric acid imports fell remarkably to $X in 2022. Overall, imports, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Switzerland (X tons) were the main suppliers of phosphoric acid imports to Kazakhstan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Russia ($X) and Switzerland ($X) appeared to be the largest phosphoric acid suppliers to Kazakhstan, together comprising X% of total imports.

Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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