Spain - Nitrates Of Potassium - Market Analysis, Forecast, Size, Trends And Insights
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View PricingImports of Potassium Nitrate Decrease Sharply to $110 Million in Spain in 2023.
Spain Potassium Nitrate Imports
In 2023, the amount of potassium nitrates imported into Spain shrank significantly to 99K tons, waning by -48.3% against 2022 figures. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 22%. As a result, imports reached the peak of 220K tons. From 2018 to 2023, the growth of imports remained at a lower figure.
In value terms, potassium nitrate imports shrank rapidly to $110M (IndexBox estimates) in 2023. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2022 when imports increased by 54%. As a result, imports reached the peak of $217M, and then shrank notably in the following year.
| COUNTRY | Import Value of Potassium Nitrate in Spain (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Jordan | 26.1 | 34.8 | 34.3 | 21.6 | 22.2 | 24.9 | 23.6 | 22.8 | 24.1 | 37.5 | 35.8 |
| Israel | 63.7 | 52.1 | 37.5 | 52.5 | 14.9 | 27.8 | 30.1 | 36.3 | 31.8 | 53.1 | 31.9 |
| Chile | 77.2 | 49.4 | 59.8 | 46.3 | 93.3 | 76.6 | 57.9 | 57.9 | 60.5 | 99.8 | 18.9 |
| Denmark | 8.4 | 8.6 | 5.0 | 7.8 | 4.0 | 2.4 | 6.4 | 4.6 | 5.7 | 12.9 | 10.6 |
| Poland | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 | 1.4 | 9.4 |
| Belgium | 7.2 | 6.2 | 12.4 | 7.8 | 7.9 | 10.2 | 11.7 | 9.4 | 11.6 | 8.1 | 1.8 |
| China | N/A | N/A | N/A | 1.5 | 16.6 | 19.6 | 5.5 | 3.7 | N/A | 1.1 | 0.2 |
| Others | 0.7 | 0.2 | 0.2 | 0.7 | 1.4 | 2.4 | 0.9 | 0.4 | 6.4 | 3.1 | 1.8 |
| Total | 184 | 152 | 150 | 139 | 161 | 164 | 136 | 135 | 141 | 217 | 110 |
Imports by Country
Jordan (35K tons), Israel (27K tons) and Chile (14K tons) were the main suppliers of potassium nitrate imports to Spain, with a combined 77% share of total imports. Denmark, Poland, Belgium and China lagged somewhat behind, together comprising a further 21%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +38.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Jordan ($36M), Israel ($32M) and Chile ($19M) constituted the largest potassium nitrate suppliers to Spain, with a combined 78% share of total imports. Denmark, Poland, Belgium and China lagged somewhat behind, together comprising a further 20%.
Poland, with a CAGR of +35.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the potassium nitrate price amounted to $1,118 per ton (CIF, Spain), waning by -5.1% against the previous year. Overall, import price indicated a moderate expansion from 2013 to 2023: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, potassium nitrate import price increased by +65.6% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the average import price increased by 64% against the previous year. As a result, import price reached the peak level of $1,178 per ton, and then shrank in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Chile ($1,363 per ton) and Poland ($1,225 per ton), while the price for Denmark ($936 per ton) and Jordan ($1,012 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Chile (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the potassium nitrate market in Spain. 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 4025 -
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
