Bangladesh: 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 Bangladesh

The Bangladeshi market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to less than $X in 2022, leveling off at the previous year. Over the period under review, consumption continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the market value decreased by 99.9%. Consumption of peaked at $X in 2015; however, from 2016 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 Bangladesh

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 74% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from Bangladesh

In 2017, overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by 0% to X tons, falling for the second year in a row after two years of decline. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2017, 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 totaled $X in 2017. Overall, exports enjoyed a resilient expansion. The smallest decline of 99.9% was in 2016. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2017, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Bangladesh, with a approx. 100% share of total exports.

From 2013 to 2017, the average annual growth rate of volume to Spain was relatively modest.

From 2013 to 2017, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

In 2017, the average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per ton, approximately reflecting the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2017, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2013 to 2017, the rate of growth in terms of prices for Jordan amounted to 0.0% per year.

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

Imports into Bangladesh

In 2022, approx. X tons of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers were imported into Bangladesh; with a decrease of -94.6% compared with 2021. In general, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 100%. As a result, imports reached the peak of X tons. From 2016 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 contracted sharply to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 108%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Bangladesh, accounting for a 86% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from China exceeded the figures recorded by the second-largest supplier, Jordan (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -13.1%.

In value terms, Jordan ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Bangladesh, comprising 95% of total imports. The second position in the ranking was held by China ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Jordan stood at +112.8%.

Import Prices by Country

In 2022, the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per ton, surging by 1,267% against the previous year. Overall, the import price continues to indicate significant growth. 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 Jordan ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+36.2%).

Source: IndexBox Platform

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