EU: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in the EU

The EU potassium chloride (MOP) market expanded remarkably to $X in 2022, rising by 7.1% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Potassium Chloride (Mop) Production in the EU

In value terms, potassium chloride (MOP) production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports in the EU

In 2022, shipments abroad of potassium chloride (MOP) increased by 27% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded modest growth. The pace of growth was the most pronounced in 2017 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, potassium chloride (MOP) exports soared to $X in 2022. Overall, exports showed a mild increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the main exporter of potassium chloride (MOP) in the European Union, with the volume of exports finishing at X tons, which was approx. 74% of total exports in 2022. Spain (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (5.9%). The Netherlands (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to potassium chloride (MOP) exports from Germany stood at +1.4%. At the same time, Spain (+1.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +1.4% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, the Netherlands (-5.0%) illustrated a downward trend over the same period. Germany (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -3.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest potassium chloride (MOP) supplier in the European Union, comprising 72% of total exports. The second position in the ranking was taken by Spain ($X), with a 13% share of total exports. It was followed by Belgium, with a 7.5% share.

In Germany, potassium chloride (MOP) exports increased at an average annual rate of +1.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+2.1% per year) and Belgium (+0.1% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, jumping by 51% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Belgium ($X per ton) and the Netherlands ($X per ton), while Spain ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the other leaders experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports in the EU

In 2022, supplies from abroad of potassium chloride (MOP) increased by 4.8% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 12% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, potassium chloride (MOP) imports skyrocketed to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of potassium chloride (MOP), namely Belgium, Poland, France, the Netherlands and Italy, represented more than two-thirds of total import. Spain (X tons), Ireland (X tons), Denmark (X tons), the Czech Republic (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +12.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium chloride (MOP) importing markets in the European Union were Belgium ($X), Poland ($X) and France ($X), together accounting for 61% of total imports. The Netherlands, Italy, Spain, Ireland, the Czech Republic, Hungary and Denmark lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, Ireland, with a CAGR of +6.9%, recorded 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

The import price in the European Union stood at $X per ton in 2022, picking up by 35% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked 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 Ireland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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