Potassium Chloride (MOP) Market

Potassium chloride market: download recently published information enhanced by an Ai-driven market intelligence platform. Datasets contain companies, consumption, market prices, trade, production, exports, imports, and market size. Here is a split by region, including the U.K., Latin America, China, the U.S., the Middle East, Africa, EU, and Russia. Market insights and outlook to 2030 are also featured in the dashboards.

The global market for potassium chloride (MOP) is on the rise, driven by increasing demand worldwide. Market performance is forecasted to slow down slightly, with a projected CAGR of +1.4% from 2024 to 2030. This growth is expected to bring the market volume to 81M tons by the end of 2030. In terms of value, the market is anticipated to increase with a CAGR of +3.6% for the same period, reaching $35.6B by the end of 2030 in nominal prices.

Market Forecast

Driven by increasing demand for potassium chloride (MOP) worldwide, the market is expected to continue an upward consumption trend over the next six-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.4% for the period from 2024 to 2030, which is projected to bring the market volume to 81M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2024 to 2030, which is projected to bring the market value to $35.6B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Potassium Chloride (MOP)

In 2024, the amount of potassium chloride (MOP) consumed worldwide was estimated at 75M tons, picking up by 7.5% compared with 2023 figures. The total consumption volume increased at an average annual rate of +3.2% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2024 and is expected to retain growth in the immediate term.

The global potassium chloride (MOP) market size stood at $28.8B in 2024, picking up by 4.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.4% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $32B. From 2023 to 2024, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were Brazil (14M tons), China (12M tons) and the United States (10M tons), together accounting for 49% of global consumption. Belarus, India, Indonesia, Jordan, Russia, Malaysia and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Belarus (with a CAGR of +13.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest potassium chloride (MOP) markets worldwide were Brazil ($5.2B), China ($4.1B) and Belarus ($3.3B), with a combined 44% share of the global market.

Belarus, with a CAGR of +13.5%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2024, the highest levels of potassium chloride (MOP) per capita consumption was registered in Belarus (895 kg per person), followed by Jordan (203 kg per person), Brazil (64 kg per person) and Malaysia (46 kg per person), while the world average per capita consumption of potassium chloride (MOP) was estimated at 9.2 kg per person.

From 2012 to 2024, the average annual growth rate of the potassium chloride (MOP) per capita consumption in Belarus totaled +13.4%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Jordan (-0.8% per year) and Brazil (+4.4% per year).

Production

World Production of Potassium Chloride (MOP)

In 2024, the amount of potassium chloride (MOP) produced worldwide reduced to 64M tons, waning by -2.1% against the previous year. The total output volume increased at an average annual rate of +2.1% from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by 13% against the previous year. Over the period under review, global production reached the peak volume at 68M tons in 2021; however, from 2022 to 2024, production failed to regain momentum.

In value terms, potassium chloride (MOP) production rose rapidly to $28.6B in 2024 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2024: its value increased at an average annual rate of +2.9% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -5.7% against 2022 indices. The most prominent rate of growth was recorded in 2022 with an increase of 29% against the previous year. As a result, production reached the peak level of $30.4B. From 2023 to 2024, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2024 were Canada (24M tons), Belarus (13M tons) and Russia (11M tons), with a combined 74% share of global production.

From 2012 to 2024, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Belarus (with a CAGR of +4.1%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Potassium Chloride (MOP)

Global potassium chloride (MOP) imports expanded markedly to 62M tons in 2024, picking up by 8.3% against 2023. The total import volume increased at an average annual rate of +3.8% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Global imports peaked in 2024 and are likely to continue growth in the immediate term.

In value terms, potassium chloride (MOP) imports contracted to $21.2B in 2024. Overall, imports saw mild growth. The pace of growth was the most pronounced in 2022 when imports increased by 82%. As a result, imports attained the peak of $32.5B. From 2023 to 2024, the growth of global imports remained at a somewhat lower figure.

Imports By Country

The countries with the highest levels of potassium chloride (MOP) imports in 2024 were the United States (14M tons), Brazil (14M tons) and China (12M tons), together resulting at 65% of total import. It was distantly followed by India (3.1M tons), achieving a 5.1% share of total imports. The following importers - Indonesia (2.5M tons), Malaysia (1.7M tons) and Belgium (1.3M tons) - together made up 8.9% of total imports.

From 2012 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +5.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($4.5B), China ($3.8B) and the United States ($3.7B) appeared to be the countries with the highest levels of imports in 2024, with a combined 56% share of global imports. India, Malaysia, Indonesia and Belgium lagged somewhat behind, together comprising a further 14%.

Belgium, with a CAGR of +3.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average potassium chloride (MOP) import price stood at $343 per ton in 2024, reducing by -14.7% against the previous year. Overall, the import price recorded a pronounced decline. The growth pace was the most rapid in 2022 when the average import price increased by 114%. As a result, import price attained the peak level of $665 per ton. From 2023 to 2024, the average 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 Belgium ($399 per ton), while Indonesia ($240 per ton) was amongst the lowest.

From 2012 to 2024, the most notable rate of growth in terms of prices was attained by Belgium (-0.6%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Potassium Chloride (MOP)

In 2024, approx. 52M tons of potassium chloride (MOP) were exported worldwide; with a decrease of -3.5% compared with 2023 figures. The total export volume increased at an average annual rate of +2.5% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. The global exports peaked at 55M tons in 2021; however, from 2022 to 2024, the exports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports fell modestly to $20.6B in 2024. Overall, exports, however, showed a modest increase. The pace of growth appeared the most rapid in 2022 with an increase of 78% against the previous year. As a result, the exports attained the peak of $29.6B. From 2023 to 2024, the growth of the global exports remained at a lower figure.

Exports By Country

In 2024, Canada (22M tons) represented the major exporter of potassium chloride (MOP), constituting 43% of total exports. It was distantly followed by Russia (9.1M tons), Belarus (4.5M tons), the United States (4.1M tons), Israel (3.5M tons) and Germany (3M tons), together achieving a 47% share of total exports. Lao People's Democratic Republic (1.6M tons) took a relatively small share of total exports.

Exports from Canada increased at an average annual rate of +4.0% from 2012 to 2024. At the same time, Lao People's Democratic Republic (+34.2%), the United States (+7.2%), Israel (+2.1%) and Russia (+2.1%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +34.2% from 2012-2024. By contrast, Germany (-1.4%) and Belarus (-2.5%) illustrated a downward trend over the same period. While the share of Canada (+6.6 p.p.), the United States (+3.3 p.p.) and Lao People's Democratic Republic (+3.1 p.p.) increased significantly in terms of the global exports from 2012-2024, the share of Germany (-3.4 p.p.) and Belarus (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest potassium chloride (MOP) supplying countries worldwide were Canada ($6.6B), Russia ($4.8B) and Belarus ($2.1B), together comprising 65% of global exports. Israel, Germany, the United States and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further 28%.

In terms of the main exporting countries, Lao People's Democratic Republic, with a CAGR of +38.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average potassium chloride (MOP) export price stood at $399 per ton in 2024, stabilizing at the previous year. In general, the export price recorded a slight decrease. The growth pace was the most rapid in 2022 when the average export price increased by 109% against the previous year. As a result, the export price attained the peak level of $633 per ton. From 2023 to 2024, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($619 per ton), while the United States ($288 per ton) was amongst the lowest.

From 2012 to 2024, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+3.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform