Austria: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Austria

In 2022, the Austrian potassium nitrate market decreased by -5.9% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Potassium nitrate consumption peaked at $X in 2021, and then declined in the following year.

Potassium Nitrate Production in Austria

In value terms, potassium nitrate production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by 25% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Potassium Nitrate Exports

Exports from Austria

After two years of growth, shipments abroad of potassium nitrates decreased by -76.1% to X tons in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 172% against the previous year. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, potassium nitrate exports dropped rapidly to $X in 2022. In general, exports saw a slight contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 184% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Slovenia (X tons) was the main destination for potassium nitrate exports from Austria, accounting for a 92% share of total exports. It was followed by Greece (X kg), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia amounted to +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+62.1% per year) and Germany (-16.1% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for potassium nitrates exports from Austria, comprising 83% of total exports. The second position in the ranking was held by Greece ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovenia totaled +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+71.4% per year) and Germany (-13.9% per year).

Export Prices by Country

The average potassium nitrate export price stood at $X per ton in 2022, picking up by 2.4% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium nitrate export price increased by +19.6% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 32% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Nitrate Imports

Imports into Austria

In 2022, purchases abroad of potassium nitrates decreased by -40.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 161%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, potassium nitrate imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 142% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of potassium nitrate to Austria, accounting for a 46% share of total imports. Moreover, potassium nitrate imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+15.9% per year) and Denmark (-2.8% per year).

In value terms, the largest potassium nitrate suppliers to Austria were Belgium ($X), Germany ($X) and Poland ($X), together accounting for 88% of total imports. The Netherlands, Denmark and the Czech Republic lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +55.6%, saw 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

In 2022, the average potassium nitrate import price amounted to $X per ton, rising by 112% against the previous year. Over the period under review, the import price recorded a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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