Asia-Pacific: 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-Pacific

The Asia-Pacific market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022, increasing by 36% against the previous year. In general, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

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. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 44% against the previous year. Over the period under review, production of attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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

Exports in Asia-Pacific

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exported in Asia-Pacific soared to X tons, rising by 34% against 2021. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 191%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose remarkably to $X in 2022. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 72% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons) represented the largest exporter of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, constituting 64% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons). All these countries together took approx. 25% share of total exports. Indonesia (X tons), India (X tons) and Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports, with a CAGR of +72.6% from 2012 to 2022. At the same time, India (+50.0%), Lao People's Democratic Republic (+12.4%), Malaysia (+7.2%), Indonesia (+4.0%) and Vietnam (+2.5%) displayed positive paces of growth. From 2012 to 2022, the share of China and India increased by +63 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in Asia-Pacific, comprising 61% of total exports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total exports. It was followed by Vietnam, with a 6% share.

In China, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased at an average annual rate of +60.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-3.6% per year) and Vietnam (-5.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, which is down by -16.1% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 23%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+3.2%), 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-Pacific

Imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to X tons in 2022, growing by 16% on 2021 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 38%. As a result, imports attained 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 surged to $X in 2022. Overall, imports, however, continue to indicate a slight contraction. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, namely China, India, Malaysia and Japan, represented more than two-thirds of total import. It was distantly followed by Indonesia (X tons), generating 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, the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers importing markets in Asia-Pacific were Japan ($X), China ($X) and India ($X), with a combined 63% share of total imports.

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

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, picking up by 33% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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