Egypt: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Egypt

In 2022, the Egyptian potassium chloride (MOP) market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed a strong increase. Potassium chloride (MOP) consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Potassium Chloride (Mop) Production in Egypt

In value terms, potassium chloride (MOP) production declined to $X in 2022 estimated in export price. In general, production showed a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 5.9% against the previous year. Potassium chloride (MOP) production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Potassium Chloride (Mop) Exports

Exports from Egypt

Potassium chloride (MOP) exports from Egypt skyrocketed to X tons in 2022, increasing by 68% compared with 2021. Overall, exports enjoyed a perceptible expansion. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, potassium chloride (MOP) exports surged to $X in 2022. In general, exports, however, showed a slight reduction. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for potassium chloride (MOP) exports from Egypt, with a 87% share of total exports. Moreover, potassium chloride (MOP) exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-18.1% per year) and the Netherlands (+14.1% per year).

In value terms, Malaysia ($X) remains the key foreign market for potassium chloride (MOP) exports from Egypt, comprising 88% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-23.2% per year) and the Netherlands (+13.0% per year).

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2022, reducing by -6% against the previous year. In general, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 10%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Indonesia ($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 the Netherlands (-0.9%), while the prices for the other major destinations experienced a decline.

Potassium Chloride (Mop) Imports

Imports into Egypt

After two years of decline, purchases abroad of potassium chloride (MOP) increased by 5.2% to X tons in 2022. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 226% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports skyrocketed to $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 389%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Jordan (X tons) constituted the largest supplier of potassium chloride (MOP) to Egypt, with a 78% share of total imports. Moreover, potassium chloride (MOP) imports from Jordan exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Jordan totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.2% per year) and China (+27.6% per year).

In value terms, Jordan ($X) constituted the largest supplier of potassium chloride (MOP) to Egypt, comprising 78% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Jordan totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.4% per year) and China (+23.2% per year).

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, picking up by 67% against the previous year. Overall, the import price continues to indicate a mild expansion. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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