Benelux: 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 Benelux

The Benelux market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers skyrocketed to $X in 2022, jumping by 18% against the previous year. Overall, consumption recorded strong growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a sharp descent. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 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 in Benelux

In 2022, approx. X tons of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers were exported in Benelux; with an increase of 12% compared with the year before. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 95% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers expanded notably to $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 82% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, the Netherlands (X tons) represented the key exporter of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, creating 87% of total exports. It was distantly followed by Belgium (X tons), generating a 12% share of total exports.

Exports from the Netherlands increased at an average annual rate of +24.6% from 2012 to 2022. At the same time, Belgium (+32.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +32.1% from 2012-2022. While the share of Belgium (+5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Netherlands (-5.2 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) emerged as the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in Benelux, comprising 84% of total exports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total exports.

In the Netherlands, 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 +25.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, remaining stable against the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 61%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%).

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

Imports in Benelux

In 2022, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Benelux contracted rapidly to X tons, falling by -35.1% on 2021. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 203%. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers declined sharply to $X in 2022. Overall, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 55% against the previous year. The level of import peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) represented roughly 100% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +27.3%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022.

Belgium, with a CAGR of +9.5%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, rising by 13% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 an increase of 78% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.8%).

Source: IndexBox Platform