Central Asia: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Central Asia

The Central Asian mixed fertilizer market rose slightly to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Mixed Fertilizer Production in Central Asia

In value terms, mixed fertilizer production stood at $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Mixed Fertilizer Exports

Exports in Central Asia

After two years of decline, overseas shipments of mixed fertilizers increased by X% to X tons in 2023. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, mixed fertilizer exports soared to $X in 2023. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the immediate term.

Exports by Country

Kazakhstan prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Uzbekistan (X tons), constituting an X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the mixed fertilizers exports, with a CAGR of X% from 2012 to 2023. At the same time, Uzbekistan (X%) displayed positive paces of growth. While the share of Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Uzbekistan (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan stood at X%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%).

Mixed Fertilizer Imports

Imports in Central Asia

In 2023, imports of mixed fertilizers in Central Asia soared to X tons, growing by X% against the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, mixed fertilizer imports soared to $X in 2023. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

Uzbekistan represented the main importer of mixed fertilizers in Central Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Kazakhstan (X tons), achieving a X% share of total imports. Turkmenistan (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons) held a relatively small share of total imports.

Uzbekistan was also the fastest-growing in terms of the mixed fertilizers imports, with a CAGR of X% from 2012 to 2023. At the same time, Turkmenistan (X%), Tajikistan (X%), Kazakhstan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Uzbekistan (X p.p.) and Turkmenistan (X p.p.) significantly strengthened its position in terms of the total imports, while Tajikistan, Kyrgyzstan and Kazakhstan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

In Uzbekistan, mixed fertilizer imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, mixed fertilizer import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Turkmenistan ($X per ton) and Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform