Eastern Europe: Potassium Sulphate (Sop) Market 2025

Potassium Sulphate (Sop) Market Size in Eastern Europe

The East European potassium sulphate (SOP) market reduced slightly to $X in 2022, remaining constant against the previous year. Overall, consumption saw a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Potassium Sulphate (Sop) Production in Eastern Europe

In value terms, potassium sulphate (SOP) production stood at $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 61%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Potassium Sulphate (Sop) Exports

Exports in Eastern Europe

After two years of growth, overseas shipments of potassium sulphate (SOP) decreased by -15.1% to X tons in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by 46%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, potassium sulphate (SOP) exports fell to $X in 2022. In general, exports recorded a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 34% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, amounting to X tons, which was near 92% of total exports in 2022. The following exporters - Lithuania (X tons) and Latvia (X tons) - together made up 5.8% of total exports.

Exports from Russia decreased at an average annual rate of -6.8% from 2012 to 2022. At the same time, Latvia (+1.7%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +1.7% from 2012-2022. By contrast, Lithuania (-3.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest potassium sulphate (SOP) supplier in Eastern Europe, comprising 85% of total exports. The second position in the ranking was taken by Lithuania ($X), with an 8.3% share of total exports.

In Russia, potassium sulphate (SOP) exports declined by an average annual rate of -9.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lithuania (+0.4% per year) and Latvia (+0.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by 4.5% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 when the export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.2%), while the other leaders experienced a decline in the export price figures.

Potassium Sulphate (Sop) Imports

Imports in Eastern Europe

In 2022, the amount of potassium sulphate (SOP) imported in Eastern Europe dropped notably to X tons, which is down by -34% compared with 2021. Overall, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 when imports increased by 33% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, potassium sulphate (SOP) imports fell to $X in 2022. The total import value 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 in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 27%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons) and Russia (X tons) represented the major importers of potassium sulphate (SOP) in 2022, accounting for near 33% and 32% of total imports, respectively. Lithuania (X tons) took the next position in the ranking, followed by Hungary (X tons) and the Czech Republic (X tons). All these countries together held approx. 20% share of total imports. Romania (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +21.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Lithuania ($X) were the countries with the highest levels of imports in 2022, with a combined 70% share of total imports.

Among the main importing countries, Russia, with a CAGR of +18.6%, saw 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

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by 35% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import 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 importers, the country with the highest price was Ukraine ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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