Central Asia: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Central Asia

The Central Asian market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, recorded a pronounced descent. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Central Asia

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports in Central Asia

In 2023, after two years of growth, there was significant decline in overseas shipments of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2022, and then reduced remarkably in the following year.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution plummeted to $X in 2023. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

In 2023, Turkmenistan (X tons) represented the major exporter of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Central Asia, achieving X% of total export.

Turkmenistan was also the fastest-growing in terms of the mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports, with a CAGR of X% from 2012 to 2023. Turkmenistan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkmenistan ($X) also remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in Central Asia.

In Turkmenistan, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkmenistan.

From 2012 to 2023, the rate of growth in terms of prices for Turkmenistan amounted to X% per year.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports in Central Asia

In 2023, approx. X tons of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution were imported in Central Asia; growing by X% on the year before. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted to $X in 2023. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of hit record highs at $X in 2022, and then declined in the following year.

Imports by Country

Kazakhstan dominates solution structure, reaching X tons, which was approx. X% of total imports in 2023. Uzbekistan (X tons) followed a long way behind the leaders.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. While the share of Kazakhstan (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports.

In Kazakhstan, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price, however, showed a measured increase. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then declined remarkably in the following year.

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

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

Source: IndexBox Platform