Report Update Nov 1, 2024

Iran - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Iran

In 2022, the Iranian potassium nitrate market decreased by -16.8% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a abrupt decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Potassium Nitrate Exports

Exports from Iran

For the fourth year in a row, Iran recorded growth in shipments abroad of potassium nitrates, which increased by 12% to X kg in 2022. Over the period under review, exports, however, recorded a sharp downturn. The growth pace was the most rapid in 2017 with an increase of 281%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, potassium nitrate exports expanded sharply to $X in 2022. Overall, exports, however, recorded a sharp decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 70%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X kg) was the main destination for potassium nitrate exports from Iran, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to Turkey totaled +11.7%.

In value terms, Turkey ($X) also remains the key foreign market for potassium nitrates exports from Iran.

From 2015 to 2022, the average annual rate of growth in terms of value to Turkey amounted to +12.5%.

Export Prices by Country

In 2022, the average potassium nitrate export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2015 to 2022, the rate of growth in terms of prices for Turkey amounted to +0.6% per year.

Potassium Nitrate Imports

Imports into Iran

In 2022, overseas purchases of potassium nitrates decreased by -24.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 920%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, potassium nitrate imports dropped to $X in 2022. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 772% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Denmark (X tons) constituted the largest potassium nitrate supplier to Iran, with a 53% share of total imports. Moreover, potassium nitrate imports from Denmark exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), twofold. Jordan (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (0.0% per year) and Jordan (-17.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of potassium nitrates to Iran, comprising 55% of total imports. The second position in the ranking was taken by Jordan ($X), with a 27% share of total imports. It was followed by Uzbekistan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (-14.2% per year) and Uzbekistan (0.0% per year).

Import Prices by Country

The average potassium nitrate import price stood at $X per ton in 2022, jumping by 17% against the previous year. In general, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium nitrates in the world?

China remains the largest potassium nitrate consuming country worldwide, accounting for 16% of total volume. Moreover, potassium nitrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Spain ranked third in terms of total consumption with a 5.5% share.

What are the largest producers of potassium nitrates in the world?

The countries with the highest volumes of in 2021 were China, Chile and India, with a combined 36% share of global production.

What are the leading suppliers of potassium nitrates to Iran?

In value terms, Denmark constituted the largest supplier of potassium nitrate to Iran, comprising 73% of total imports. The second position in the ranking was occupied by Turkey, with a 13% share of total imports.

What is the average export price for potassium nitrates in Iran?

In 2021, the average potassium nitrate export price amounted to $589 per ton, declining by -6.7% against the previous year.

What is the average import price for potassium nitrates in Iran?

In 2021, the average potassium nitrate import price amounted to $932 per ton, waning by -3.9% against the previous year.

This report provides an in-depth analysis of the potassium nitrate market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4025 -

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023