Australia and Oceania: 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 Australia and Oceania

The market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Australia and Oceania skyrocketed to $X in 2022, jumping by 30% against the previous year. In general, consumption, however, showed a mild decrease. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 100% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth 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 Australia and Oceania

In 2022, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Australia and Oceania contracted rapidly to X tons, with a decrease of -26.7% compared with the year before. In general, exports, however, showed prominent growth. The growth pace was the most rapid in 2014 with an increase of 340%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers shrank to $X in 2022. Over the period under review, exports showed a perceptible slump. The pace of growth was the most pronounced in 2014 when exports increased by 152% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Australia dominates fertilisers structure, recording X tons, which was near 90% of total exports in 2022. It was distantly followed by New Zealand (X tons), achieving a 9% share of total exports.

Australia 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 +5.9% from 2012 to 2022. New Zealand experienced a relatively flat trend pattern. While the share of Australia (+6.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-7.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in Australia and Oceania, comprising 77% of total exports. The second position in the ranking was held by New Zealand ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at -2.6%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, with an increase of 32% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by 82%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the 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 New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-1.9%).

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

Imports in Australia and Oceania

Imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose rapidly to X tons in 2022, growing by 10% against 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 288% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

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. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 204% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Australia (X tons) and Fiji (X tons) were the largest importers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Australia and Oceania, together constituting 79% of total imports. Papua New Guinea (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by New Zealand (5%). Solomon Islands (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Solomon Islands (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Fiji ($X) and Papua New Guinea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 90% of total imports. New Zealand and Solomon Islands lagged somewhat behind, together comprising a further 9.6%.

Solomon Islands, with a CAGR of +28.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by 29% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 47% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 New Zealand ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Solomon Islands (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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