Brazil: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Brazil

The Brazilian potassium chloride (MOP) market surged to $X in 2022, picking up by 91% against the previous year. Overall, consumption showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassium Chloride (Mop) Production in Brazil

In value terms, potassium chloride (MOP) production totaled $X in 2022 estimated in export price. Overall, production, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 35% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Potassium Chloride (Mop) Exports

Exports from Brazil

Potassium chloride (MOP) exports from Brazil dropped dramatically to X tons in 2022, with a decrease of -51% compared with the year before. Over the period under review, exports saw a noticeable contraction. The growth pace was the most rapid in 2020 with an increase of 486%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, potassium chloride (MOP) exports expanded to $X in 2022. Overall, exports recorded a slight decline. The pace of growth appeared the most rapid in 2020 with an increase of 257% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons) was the main destination for potassium chloride (MOP) exports from Brazil, accounting for a 60% share of total exports. Moreover, potassium chloride (MOP) exports to Uruguay exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. Paraguay (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Uruguay totaled +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+55.6% per year) and Paraguay (-22.4% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for potassium chloride (MOP) exports from Brazil, comprising 57% of total exports. The second position in the ranking was held by Mexico ($X), with a 16% share of total exports. It was followed by Bolivia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Uruguay amounted to +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+56.0% per year) and Bolivia (+44.0% per year).

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2022, with an increase of 109% against the previous year. In general, the export price recorded a noticeable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Bolivia ($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 Uruguay (+0.1%), while the prices for the other major destinations experienced a decline.

Potassium Chloride (Mop) Imports

Imports into Brazil

For the third year in a row, Brazil recorded growth in supplies from abroad of potassium chloride (MOP), which increased by 78% to X tons in 2022. Over the period under review, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassium chloride (MOP) imports soared to $X in 2022. In general, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Russia (X tons) and Israel (X tons) were the main suppliers of potassium chloride (MOP) imports to Brazil, with a combined 82% share of total imports.

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 +25.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Russia ($X) and Israel ($X) were the largest potassium chloride (MOP) suppliers to Brazil, with a combined 80% share of total imports.

Russia, with a CAGR of +23.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 chloride (MOP) import price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 47%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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