China: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in China

In 2022, after two years of decline, there was significant growth in the Chinese potassic fertilizer market, when its value increased by X% to $X. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in China

In value terms, potassic fertilizer production amounted to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Potassic fertilizer production peaked at $X in 2020; afterwards, it flattened through to 2022.

Potassic Fertilizer Exports

Exports from China

In 2022, shipments abroad of potassic fertilizers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, potassic fertilizer exports declined sharply to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Peru (X tons) and Indonesia (X tons) were the main destinations of potassic fertilizer exports from China, with a combined X% share of total exports. The Philippines, South Korea, Vietnam, Japan, South Africa, Brazil, Pakistan, India, Ecuador and Chile lagged somewhat behind, together comprising a further X%.

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

In value terms, Mexico ($X), Peru ($X) and Indonesia ($X) were the largest markets for potassic fertilizer exported from China worldwide, together comprising X% of total exports. Vietnam, Japan, South Africa, Pakistan, Brazil, India, Ecuador, Chile, South Korea and the Philippines lagged somewhat behind, together comprising a further X%.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 potassic fertilizer export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price continues to indicate a temperate expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to the Philippines ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports into China

After two years of decline, overseas purchases of potassic fertilizers increased by X% to X tons in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports soared to $X in 2022. Overall, imports saw measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of potassic fertilizer to China, accounting for a X% share of total imports. Moreover, potassic fertilizer imports from Canada exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Russia (X% per year).

In value terms, Canada ($X), Belarus ($X) and Russia ($X) were the largest potassic fertilizer suppliers to China, together accounting for X% of total imports. Israel, Lao People's Democratic Republic, Jordan and Germany lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lao People's Democratic Republic, with a CAGR of X%, recorded 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

The average potassic fertilizer import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :