Uzbekistan: Potassium Chloride (Mop) Market 2023

Potassium Chloride (Mop) Market Size in Uzbekistan

After three years of growth, the Uzbek potassium chloride (MOP) market decreased by -48.9% to $X in 2021. In general, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Potassium Chloride (Mop) Production in Uzbekistan

In value terms, potassium chloride (MOP) production contracted modestly to $X in 2021 estimated in export price. In general, production recorded a perceptible downturn. The growth pace was the most rapid in 2015 with an increase of 43% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Potassium Chloride (Mop) Exports

Exports from Uzbekistan

In 2021, shipments abroad of potassium chloride (MOP) increased by 31% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.4% from 2017 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassium chloride (MOP) exports soared to $X in 2021. In general, total exports indicated resilient growth from 2017 to 2021: its value increased at an average annual rate of +14.5% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.1% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X tons), China (X tons) and Japan (X tons) were the main destinations of potassium chloride (MOP) exports from Uzbekistan, with a combined 65% share of total exports.

From 2017 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +436.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potassium chloride (MOP) exported from Uzbekistan were Ukraine ($X), China ($X) and Japan ($X), together accounting for 59% of total exports.

Ukraine, with a CAGR of +530.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average potassium chloride (MOP) export price amounted to $X per ton, rising by 11% against the previous year. Over the last four years, it increased at an average annual rate of +10.8%. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Indonesia ($X per ton) and Malaysia ($X per ton), while the average price for exports to China ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Uzbekistan

In 2021, overseas purchases of potassium chloride (MOP) decreased by -36.4% to X tons, falling for the second year in a row after three years of growth. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 143%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, potassium chloride (MOP) imports declined remarkably to $X in 2021. Overall, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 177% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), Poland (X tons) and China (X tons) were the main suppliers of potassium chloride (MOP) imports to Uzbekistan, together accounting for 95% of total imports.

From 2017 to 2021, the biggest increases were recorded for Poland (with a CAGR of +2,205.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium chloride (MOP) suppliers to Uzbekistan were Poland ($X), Russia ($X) and China ($X), with a combined 85% share of total imports.

Poland, with a CAGR of +611.1%, 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 potassium chloride (MOP) import price stood at $X per ton in 2021, remaining stable against the previous year. Over the last four years, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2018 an increase of 14%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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