Kazakhstan: Potassium Sulphate (Sop) Market 2023

Potassium Sulphate (Sop) Market Size in Kazakhstan

The Kazakh potassium sulphate (SOP) market soared to $X in 2021, rising by 37% against the previous year. Over the period under review, consumption posted significant growth. Potassium sulphate (SOP) consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Potassium Sulphate (Sop) Production in Kazakhstan

In value terms, potassium sulphate (SOP) production surged to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 184% against the previous year. Potassium sulphate (SOP) production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Potassium Sulphate (Sop) Exports

Exports from Kazakhstan

In 2021, approx. X tons of potassium sulphate (SOP) were exported from Kazakhstan; waning by -90.1% on the previous year's figure. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 422%. As a result, the exports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, potassium sulphate (SOP) exports contracted dramatically to $X in 2021. Over the period under review, exports recorded a significant decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 384% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Kyrgyzstan (X tons) and Uzbekistan (X tons) were the main destinations of potassium sulphate (SOP) exports from Kazakhstan.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +11.9%).

In value terms, Kyrgyzstan ($X) remains the key foreign market for potassium sulphate (SOP) exports from Kazakhstan, comprising 67% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 33% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan amounted to +38.3%.

Export Prices by Country

In 2021, the average potassium sulphate (SOP) export price amounted to $X per ton, increasing by 46% against the previous year. In general, the export price, however, showed a slight setback. The export price 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 for the major export markets. In 2021, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Uzbekistan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+23.6%).

Potassium Sulphate (Sop) Imports

Imports into Kazakhstan

For the third consecutive year, Kazakhstan recorded growth in overseas purchases of potassium sulphate (SOP), which increased by 19% to X tons in 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 283%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, potassium sulphate (SOP) imports soared to $X in 2021. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 when imports increased by 324%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of potassium sulphate (SOP) to Kazakhstan, accounting for a 42% share of total imports. Moreover, potassium sulphate (SOP) imports from Russia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Uzbekistan (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+42.6% per year) and Uzbekistan (+274.1% per year).

In value terms, Russia ($X) constituted the largest supplier of potassium sulphate (SOP) to Kazakhstan, comprising 37% of total imports. The second position in the ranking was held by Belgium ($X), with a 16% share of total imports. It was followed by Lithuania, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+37.5% per year) and Lithuania (+75.5% per year).

Import Prices by Country

The average potassium sulphate (SOP) import price stood at $X per ton in 2021, shrinking by -2.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 19%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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