Central Asia: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Central Asia

The Central Asian potassium chloride (MOP) market soared to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, showed a perceptible downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Potassium Chloride (Mop) Production in Central Asia

In value terms, potassium chloride (MOP) production stood at $X in 2023 estimated in export price. Overall, production showed a slight decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Potassium Chloride (Mop) Exports

Exports in Central Asia

In 2023, shipments abroad of potassium chloride (MOP) decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, potassium chloride (MOP) exports fell notably to $X in 2023. In general, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

Uzbekistan (X tons) and Turkmenistan (X tons) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Kazakhstan (X tons), committing a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkmenistan (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest potassium chloride (MOP) supplying countries in Central Asia were Uzbekistan ($X), Turkmenistan ($X) and Kazakhstan ($X).

Turkmenistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank 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 Kazakhstan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

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

Potassium Chloride (Mop) Imports

Imports in Central Asia

In 2023, after two years of growth, there was significant decline in overseas purchases of potassium chloride (MOP), when their volume decreased by X% to X tons. Overall, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, potassium chloride (MOP) imports reduced dramatically to $X in 2023. Over the period under review, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2022 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan prevails in imports structure, resulting at X tons, which was near X% of total imports in 2023. Turkmenistan (X tons), Uzbekistan (X tons) and Kyrgyzstan (X tons) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to potassium chloride (MOP) imports into Kazakhstan stood at X%. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. By contrast, Uzbekistan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Kazakhstan, Uzbekistan and Kyrgyzstan increased by X, X and X percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported potassium chloride (MOP) in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

In Kazakhstan, potassium chloride (MOP) imports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kyrgyzstan (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, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Kazakhstan ($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 a decline in the import price figures.

Source: IndexBox Platform