CIS: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in CIS

In 2022, the CIS potassium chloride (MOP) market increased by 107% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassium Chloride (Mop) Production in CIS

In value terms, potassium chloride (MOP) production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Potassium Chloride (Mop) Exports

Exports in CIS

After three years of growth, overseas shipments of potassium chloride (MOP) decreased by -34.9% to X tons in 2022. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 44% against the previous year. The volume of export peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, potassium chloride (MOP) exports shrank to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.3% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Russia (X tons) was the key exporter of potassium chloride (MOP), generating 61% of total exports. It was distantly followed by Belarus (X tons), generating a 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +3.4%).

In value terms, Russia ($X) and Belarus ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Russia, with a CAGR of +2.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, jumping by 37% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 42% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-0.7%).

Potassium Chloride (Mop) Imports

Imports in CIS

In 2022, the amount of potassium chloride (MOP) imported in the CIS dropped notably to X tons, reducing by -86.3% on 2021. In general, imports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 227%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, potassium chloride (MOP) imports contracted sharply to $X in 2022. Over the period under review, imports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 223%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan represented the key importing country with an import of around X tons, which accounted for 53% of total imports. Russia (X tons) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Azerbaijan (15%).

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Azerbaijan ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 95% of total imports.

Azerbaijan, with a CAGR of +19.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, increasing by 105% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Azerbaijan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+4.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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