Ecuador: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2025

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Ecuador

After three years of growth, the Ecuadorian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by -11.5% to $X in 2022. Over the period under review, consumption, however, showed buoyant growth. Consumption of peaked at $X in 2021, and then declined in the following year.

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

Exports from Ecuador

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exported from Ecuador shrank sharply to X tons, which is down by -43.6% compared with 2021 figures. Overall, exports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 892% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers dropped dramatically to $X in 2022. In general, exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 971%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X tons), Colombia (X tons) and Peru (X kg) were the main destinations of exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Ecuador, together comprising 99.9% 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 Colombia (with a CAGR of +14.8%), while the other leaders experienced mixed trend patterns.

In value terms, Colombia ($X) emerged as the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Ecuador, comprising 66% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-4.6% per year) and Peru (-14.9% per year).

Export Prices by Country

The average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X per ton in 2022, waning by -3.1% against the previous year. Overall, the export price faced a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 142% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to the Dominican Republic ($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 Peru (+23.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Ecuador

In 2022, after three years of growth, there was significant decline in supplies from abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, when their volume decreased by -10.2% to X tons. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 317%. Over the period under review, imports of attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers dropped to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 260% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier to Ecuador, with a 46% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from the United States exceeded the figures recorded by the second-largest supplier, Guatemala (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+28.8% per year) and the UK (+30.1% per year).

In value terms, the United States ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Ecuador, comprising 49% of total imports. The second position in the ranking was held by Poland ($X), with a 10% share of total imports. It was followed by Guatemala, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+99.8% per year) and Guatemala (+29.9% per year).

Import Prices by Country

In 2022, the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per ton, declining by -2.1% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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