Asia: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2024

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Asia

The Asian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers plummeted to $X in 2022, which is down by -23.8% against the previous year. In general, consumption saw a mild slump. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Asia

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 9.7%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports in Asia

In 2022, shipments abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by 69% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022. Overall, exports recorded a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan dominates fertilisers structure, finishing at X tons, which was approx. 82% of total exports in 2022. Israel (X tons) ranks second in terms of the total exports with a 9.1% share, followed by China (4.8%).

From 2012 to 2022, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Jordan stood at +4.4%. At the same time, Israel (+77.5%) and China (+72.6%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in Asia, with a CAGR of +77.5% from 2012-2022. From 2012 to 2022, the share of Israel and China increased by +9.1 and +4.8 percentage points, respectively.

In value terms, Jordan ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in Asia, comprising 95% of total exports. The second position in the ranking was held by China ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Jordan totaled +4.7%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+60.2% per year) and Israel (+38.2% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, reducing by -14.1% against the previous year. In general, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 when the export price increased by 24% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports in Asia

In 2022, approx. X tons of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers were imported in Asia; surging by 12% compared with the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 39% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a perceptible downturn. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons), India (X tons), Malaysia (X tons) and Japan (X tons) represented the main importer of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Asia, creating 78% of total import. It was distantly followed by Indonesia (X tons), committing a 6.8% share of total imports. The following importers - Pakistan (X tons) and Vietnam (X tons) - together made up 5.3% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 62% share of total imports.

In terms of the main importing countries, Japan, with a CAGR of +18.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by 29% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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