EU: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2024

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

The EU market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022, increasing by 63% against the previous year. Overall, consumption showed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in the EU

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022 estimated in export price. In general, production saw prominent growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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

Exports in the EU

Exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose significantly to X tons in 2022, growing by 7.5% on 2021. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 84%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained 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 rose rapidly to $X in 2022. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 40%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, the Netherlands (X tons) was the key exporter of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, comprising 79% of total exports. It was distantly followed by Belgium (X tons), comprising an 11% share of total exports. The following exporters - Poland (X tons) and Spain (X tons) - together made up 5% of total exports.

From 2012 to 2022, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from the Netherlands stood at +24.6%. At the same time, Belgium (+32.1%), Poland (+31.6%) and Spain (+1.4%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +32.1% from 2012-2022. From 2012 to 2022, the share of the Netherlands, Belgium and Poland increased by +34, +7.5 and +2 percentage points, respectively.

In value terms, the Netherlands ($X) emerged as the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in the European Union, comprising 44% of total exports. The second position in the ranking was taken by Spain ($X), with a 21% share of total exports. It was followed by Poland, with a 13% share.

In the Netherlands, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased at an average annual rate of +25.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+9.3% per year) and Poland (+39.4% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, picking up by 5.4% against the previous year. Overall, the export price, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2016 an increase of 42%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.8%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imported in the European Union surged to X tons, jumping by 42% on 2021. In general, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 73%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers skyrocketed to $X in 2022. Overall, imports showed prominent growth. The growth pace was the most rapid in 2019 when imports increased by 45%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The purchases of the five major importers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, namely France, Germany, Spain, Denmark and Poland, represented more than two-thirds of total import. It was distantly followed by the Netherlands (X tons) and Belgium (X tons), together committing a 16% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +49.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Denmark ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 42% of total imports. Spain, the Netherlands, Germany and Belgium lagged somewhat behind, together accounting for a further 35%.

Spain, with a CAGR of +29.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 the European Union amounted to $X per ton, dropping by -5.5% against the previous year. Over the period under review, the import price saw a abrupt slump. The growth pace was the most rapid in 2021 when the import price increased by 35% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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