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World - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights

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Jan 7, 2022

Potassium Chloride Prices to Soar 50% in 2022 After Sanctions on Belarus

IndexBox has just published a new report: 'World - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

A prolonged price rally is expected in the potassium chloride (MOP) market owing to anticipated supply chain disruptions after the U.S., the UK, Canada and EU countries have imposed sanctions on a major potassium chloride supplier, Belarus Potash Company (BPC). Limited exports from Canada will be another factor instigating price growth. MOP prices have already started to rise in Brazil due to supply delays. The average annual MOP price is projected to surge by 55% y-o-y to $325 per ton in 2022.

According to a recent World Bank's forecast, the average annual MOP price is projected to soar by 50% y-o-y to near $325 per ton next year. Sanctions on the Belarus Potash Company (BPC) imposed by the U.S., the UK, Canada, and the EU could lead to global supply chain disruptions. Combined with limited production in Canada, the world's largest potassium chloride exporter, this may cause local shortages in consuming countries and push prices up. World Bank's data indicate, that the average MOP price was $221 per ton in November 2021.

Supply delays hit Brazil hardest, lifting spot potassium chloride prices to $825 per ton in the first week of November 2021. Shipments from Canada, Russia and Belarus constitute 84% of Brazilian MOP import volume.

Under sanction pressure, Belarus could redirect its export flows to Asian and South American countries. This year, it has significantly ramped up MOP supplies to China, Thailand, the Republic of Korea, Malaysia and Argentina. Belarus ranks third in the leading potassium chloride exporter ranking, following Canada and Russia.

Top Leading MOP Exporters Worldwide

Canada represented the major exporting country with an export of around 21M tons, which finished at 42% of total exports. Russia (9.2M tons) occupied the second position in the ranking, followed by Belarus (7.7M tons), Germany (3.4M tons) and Israel (3.3M tons). All these countries together occupied approx. 47% share of total exports. Jordan (2M tons) and the U.S. (1.2M tons) took a minor share of total exports.

In value terms, Canada ($4.5B) remains the largest potassium chloride supplier worldwide, comprising 37% of global exports. The second position in the ranking was occupied by Belarus ($1.9B), with a 16% share of global exports. It was followed by Russia, with a 14% share.

Top Leading MOP Importers Worldwide

The U.S. (12M tons), Brazil (11M tons) and China (8.8M tons) represented roughly 58% of total imports of potassium chloride (MOP) in 2020. India (5.1M tons) occupied a 9.3% share (based on tons) of total imports, which put it in second place, followed by Indonesia (5.2%). The following importers - Malaysia (1.3M tons), Belgium (1.1M tons), Vietnam (1.1M tons) and Poland (1M tons) - each finished at an 8.1% share of total imports.

In value terms, Brazil ($2.8B), the U.S. ($2.5B) and China ($2.1B) appeared to be the countries with the highest levels of imports in 2020, together accounting for 55% of global imports. India, Indonesia, Malaysia, Belgium, Vietnam and Poland lagged somewhat behind, together accounting for a further 23%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global potassium chloride (mop) market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 4016 -

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Belarus Potash Company, Aarti Industries, Israel Chemicals, Uralkali, Cargill, Agrium, JSC Belaruskali, PotashCorp, Jiangsu Kolod, Nanchang BASF, Surya Fine Chem, Bostick & Sullivan, K S Kali GmbH, Mark-Chem, Heena Pharm, K+S Group, AKSELL, Mayur Chemical Industries, Lianyungang Hengsheng, Shaanxi Top Pharm, Superior Supplement Manufacturing, Superior Supplement Manufacturing, Tricura Gmbh & Co., Aurepio, Calmags Gmbh, Compag Handels Gmbh, Jäklechemie Gmbh & Co., Donauchem Gmbh, Prochem

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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