Uzbekistan in the second half of this year is targeting to increase its production of fertilizers, including up to 650,000 mt of nitrogen fertilizers, up to 120,000 mt of potash, and up to 70,000 mt of phosphate, according to a bne IntelliNews report, citing plans by the country’s chemical regulator.
Most of the Uzbek potash exported goes to China and Ukraine, according to Trade Data Monitor statistics. India last imported Uzbek potash in 2017, importing 27,487 mt, according to TDM.
In the first half of 2022, the country increased its output of chemical products (which is presumed to include fertilizers and raw materials) by 11%, with the value of total production increasing to almost $636.3 million. The value of chemical products exports in the six-month period reached $218 million, according to the chemical regulator, as cited by the report.
Uzbekistan’s chemical/fertilizer sector historically has operated with chronic losses, but was able to achieve profitability last year.
The country is targeting production to reach $1.3 billion by the end of 2022, with export revenue projected to hit $425 million, according to the chemical regulator.