Central Asia: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Central Asia

For the third consecutive year, the Central Asian nitrogenous fertilizer market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption saw a perceptible descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Nitrogenous Fertilizer Production in Central Asia

In value terms, nitrogenous fertilizer production rose remarkably to $X in 2023 estimated in export price. In general, production, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports in Central Asia

In 2023, shipments abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports shrank dramatically to $X in 2023. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

Turkmenistan represented the largest exporting country with an export of about X tons, which resulted at X% of total exports. Uzbekistan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (X%).

From 2012 to 2023, average annual rates of growth with regard to nitrogenous fertilizer exports from Turkmenistan stood at X%. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2023. Kazakhstan experienced a relatively flat trend pattern. While the share of Turkmenistan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Kazakhstan (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in Turkmenistan totaled X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Nitrogenous Fertilizer Imports

Imports in Central Asia

In 2023, imports of nitrogenous fertilizers (mineral or chemical) in Central Asia fell markedly to X tons, shrinking by X% on 2022. In general, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then shrank remarkably in the following year.

In value terms, nitrogenous fertilizer imports declined markedly to $X in 2023. Overall, imports, however, saw a moderate increase. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Kazakhstan was the largest importer of nitrogenous fertilizers (mineral or chemical) in Central Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Mongolia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%), Tajikistan (X%) and Turkmenistan (X%).

From 2012 to 2023, average annual rates of growth with regard to nitrogenous fertilizer imports into Kazakhstan stood at X%. At the same time, Turkmenistan (X%), Tajikistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. Kyrgyzstan experienced a relatively flat trend pattern. From 2012 to 2023, the share of Turkmenistan, Tajikistan and Mongolia increased by X, X and X percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported nitrogenous fertilizers (mineral or chemical) in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Mongolia ($X), with a X% share of total imports. It was followed by Tajikistan, with a X% share.

In Kazakhstan, nitrogenous fertilizer imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tajikistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform