Hong Kong SAR, China: 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 Hong Kong SAR, China

The Hong Kong market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose rapidly to $X in 2022, increasing by 8% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Hong Kong SAR, China

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49%. As a result, production reached the peak level of $X. From 2021 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 Hong Kong SAR, China

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exported from Hong Kong SAR dropped notably to X kg, reducing by -99.8% compared with 2021. Overall, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 456% against the previous year. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers plummeted to $X in 2022. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 156%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

China (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 Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

The average export 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, with an increase of 157% against the previous year. Over the period under review, the export price continues to indicate strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +8.1% per year.

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

Imports into Hong Kong SAR, China

After three years of growth, overseas purchases of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by -84.4% to X tons in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 582% against the previous year. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers shrank rapidly to $X in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 799% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier to Hong Kong SAR, 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 Vietnam exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Vietnam was relatively modest.

In value terms, the United States ($X) and Vietnam ($X) appeared to be the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers suppliers to Hong Kong SAR.

In terms of the main suppliers, the United States, with a CAGR of +2.2%, saw the highest rates of growth with regard to the value of imports, over the period under review.

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, shrinking by -53.5% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 the United States ($X per ton), while the price for Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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