Belarus: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Belarus

In 2022, the Belarusian potassium chloride (MOP) market increased by 222% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Potassium Chloride (Mop) Production in Belarus

In value terms, potassium chloride (MOP) production declined to $X in 2022 estimated in export price. In general, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +18.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, production reached the peak level of $X, and then declined in the following year.

Potassium Chloride (Mop) Exports

Exports from Belarus

In 2022, shipments abroad of potassium chloride (MOP) decreased by -50.9% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 66%. Over the period under review, the exports reached the maximum at X tons in 2021, and then dropped remarkably in the following year.

In value terms, potassium chloride (MOP) exports shrank sharply to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

Brazil (X tons), China (X tons) and India (X tons) were the main destinations of potassium chloride (MOP) exports from Belarus, with a combined 47% share of total exports. Indonesia, the United States, Malaysia, Bangladesh, Norway, Poland, Morocco, Colombia, Vietnam and Belgium lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +65.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and India ($X) were the largest markets for potassium chloride (MOP) exported from Belarus worldwide, with a combined 44% share of total exports. Indonesia, the United States, Malaysia, Poland, Bangladesh, Norway, Belgium, Morocco, Vietnam and Colombia lagged somewhat behind, together comprising a further 34%.

Morocco, with a CAGR of +64.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2022, rising by 36% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Morocco ($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 the United States (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Belarus

Potassium chloride (MOP) imports into Belarus dropped rapidly to X tons in 2022, falling by -16.7% compared with the previous year. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 503% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, potassium chloride (MOP) imports soared to $X in 2022. Over the period under review, imports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2017 when imports increased by 323% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons) and Russia (X tons) were the main suppliers of potassium chloride (MOP) imports to Belarus.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +28.2%).

In value terms, Germany ($X) constituted the largest supplier of potassium chloride (MOP) to Belarus, comprising 67% of total imports. The second position in the ranking was held by Russia ($X), with a 33% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +6.8%.

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, with an increase of 45% against the previous year. In general, the import price, however, showed a deep reduction. The growth pace was the most rapid in 2020 when the average import price increased by 53% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+83.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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