Finland: 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 Finland

For the fourth consecutive year, the Finnish market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers recorded growth in sales value, which increased by 52% to $X in 2022. Over the period under review, consumption continues to indicate significant growth. Consumption of peaked in 2022 and is expected to retain growth in years to come.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2013 when the production volume increased by 8.2% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

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

Exports from Finland

In 2022, approx. X kg of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers were exported from Finland; waning by -97.8% against the previous year. Over the period under review, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2018 with an increase of 1,495% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reduced rapidly to $X in 2022. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2018 with an increase of 3,171% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X kg) was the main destination for exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Finland, accounting for a 73% share of total exports. Moreover, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Norway exceeded the volume sent to the second major destination, the UK (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-20.0% per year) and Iceland (-45.9% per year).

In value terms, Iceland ($X) remains the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Finland, comprising 76% of total exports. The second position in the ranking was held by Norway ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Iceland amounted to -50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+27.3% per year) and the UK (-87.2% per year).

Export Prices by Country

In 2022, the average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per ton, with an increase of 854% against the previous year. In general, the export price recorded a significant expansion. The export price peaked at $X per ton in 2018; however, from 2019 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 Iceland ($X per ton), while the average price for exports to Norway ($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 Norway (+20.0%), 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 Finland

In 2022, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers into Finland surged to X tons, with an increase of 139% compared with the previous year's figure. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 3,448%. Over the period under review, imports of attained the maximum in 2022 and are 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 continue to indicate significant growth. The growth pace was the most rapid in 2015 when imports increased by 1,627% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Finland, with a 79% 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 Netherlands exceeded the figures recorded by the second-largest supplier, Israel (X tons), sixfold. The third position in this ranking was taken by Sweden (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +91.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+478.3% per year) and Sweden (+18.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Finland, comprising 79% of total imports. The second position in the ranking was held by Israel ($X), with a 13% share of total imports. It was followed by Sweden, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+227.9% per year) and Sweden (+17.0% per year).

Import Prices by Country

The average import 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, which is down by -32.6% against the previous year. Over the period under review, the import price saw a slight slump. The most prominent rate of growth was recorded in 2013 an increase of 186%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Israel ($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 (+262.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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