Czech Republic: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in the Czech Republic

The Czech potassium chloride (MOP) market dropped to $X in 2022, which is down by -5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Potassium Chloride (Mop) Exports

Exports from the Czech Republic

In 2022, exports of potassium chloride (MOP) from the Czech Republic surged to X tons, rising by 55% on 2021. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 251%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, potassium chloride (MOP) exports surged to $X in 2022. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 330%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Poland (X tons), Germany (X tons) and Singapore (X tons) were the main destinations of potassium chloride (MOP) exports from the Czech Republic, with a combined 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +65.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Singapore ($X) and Poland ($X) appeared to be the largest markets for potassium chloride (MOP) exported from the Czech Republic worldwide, with a combined 30% share of total exports. The Netherlands, Indonesia, the UK, South Korea, Guatemala, Ireland, Turkey, Taiwan (Chinese), Denmark and Croatia lagged somewhat behind, together accounting for a further 40%.

In terms of the main countries of destination, Croatia, with a CAGR of +65.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, picking up by 6.6% against the previous year. Over the period under review, the export price showed a noticeable increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 37% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Poland ($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 Croatia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into the Czech Republic

In 2022, purchases abroad of potassium chloride (MOP) decreased by -19.9% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 27%. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, potassium chloride (MOP) imports stood at $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest potassium chloride (MOP) supplier to the Czech Republic, accounting for a 82% share of total imports. Moreover, potassium chloride (MOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Belarus (X tons), ninefold. Israel (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+3.6% per year) and Israel (+6.5% per year).

In value terms, Germany ($X) constituted the largest supplier of potassium chloride (MOP) to the Czech Republic, comprising 79% of total imports. The second position in the ranking was held by Belarus ($X), with an 8.2% share of total imports. It was followed by Israel, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+3.3% per year) and Israel (+8.0% per year).

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, jumping by 41% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Israel ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :