Ecuador: Potassium Sulphate (Sop) Market 2025

Potassium Sulphate (Sop) Market Size in Ecuador

The Ecuadorian potassium sulphate (SOP) market skyrocketed to $X in 2022, rising by 23% 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). Over the period under review, consumption recorded a notable expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Potassium Sulphate (Sop) Exports

Exports from Ecuador

After seven years of growth, shipments abroad of potassium sulphate (SOP) decreased by -23.8% to X tons in 2022. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, potassium sulphate (SOP) exports contracted slightly to $X in 2022. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 9.2%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for potassium sulphate (SOP) exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to +6.5%.

In value terms, Peru ($X) also remains the key foreign market for potassium sulphate (SOP) exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru totaled -6.0%.

Export Prices by Country

The average potassium sulphate (SOP) export price stood at $X per ton in 2022, growing by 26% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2013 when the average export price increased by 62%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -11.7% per year.

Potassium Sulphate (Sop) Imports

Imports into Ecuador

In 2022, approx. X tons of potassium sulphate (SOP) were imported into Ecuador; growing by 32% on the year before. Over the period under review, imports posted a noticeable expansion. The growth pace was the most rapid in 2020 when imports increased by 105%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potassium sulphate (SOP) imports soared to $X in 2022. Overall, imports saw a perceptible increase. The most prominent rate of growth was recorded in 2020 when imports increased by 111% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and China (X tons) were the main suppliers of potassium sulphate (SOP) imports to Ecuador, together comprising 71% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +66.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium sulphate (SOP) suppliers to Ecuador were Belgium ($X), Germany ($X) and Sweden ($X), together accounting for 65% of total imports. China, Egypt, Chile, Taiwan (Chinese) and Russia lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, China, with a CAGR of +58.6%, saw the highest rates of growth with regard to 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 average potassium sulphate (SOP) import price amounted to $X per ton, with a decrease of -8.2% against the previous year. Overall, the import price saw a pronounced downturn. The growth pace was the most rapid in 2021 when the average import price increased by 15%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Sweden ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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