CIS: 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 CIS

In 2022, the CIS market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by -5.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a slight descent. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The growth pace was the most rapid in 2015 when the production volume increased by 160%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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

Exports in CIS

In 2022, after three years of decline, there was growth in overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, when their volume increased by 4.2% to X tons. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 584%. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose rapidly to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 443%. Over the period under review, the exports of attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus dominates fertilisers structure, recording X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Russia (X tons), making up a 5.2% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Belarus stood at +16.7%. At the same time, Russia (+70.0%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +70.0% from 2012-2022. While the share of Russia (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-5.3 p.p.) displayed negative dynamics.

In value terms, Belarus ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in the CIS, comprising 90% of total exports. The second position in the ranking was held by Russia ($X), with a 7.6% share of total exports.

In Belarus, 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 +12.1% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by 4.4% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2019 an increase of 20%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-4.0%).

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

Imports in CIS

In 2022, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the CIS declined rapidly to X tons, falling by -56.3% on the previous year's figure. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 124%. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports 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 shrank to $X in 2022. In general, imports showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 194%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) was the major importer of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the CIS, mixing up 99% of total import.

Kazakhstan was also the fastest-growing in terms of the carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imports, with a CAGR of -12.9% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the CIS.

In Kazakhstan, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers declined by an average annual rate of -10.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, rising by 115% against the previous year. In general, the import price showed temperate growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +3.4% per year.

Source: IndexBox Platform

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