Iraq: 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 Iraq

In 2022, the Iraqi market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by -1.6% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, continues to indicate a dramatic slump. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume decreased by 99.9% against the previous year. Over the period under review, production of attained the maximum level in 2022 and is expected to retain growth in the near future.

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

Exports from Iraq

In 2017, approx. X kg of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers were exported from Iraq; approximately equating the year before. Overall, exports continue to indicate a precipitous descent. The smallest decline of 99.9% was in 2013. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2017, the exports failed to regain momentum.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X in 2017. Over the period under review, exports saw a precipitous descent. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2017, the exports remained at a lower figure.

Exports by Country

Hungary (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 Iraq, with a approx. 100% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to Hungary was relatively modest.

From 2012 to 2017, the average annual rate of growth in terms of value to Hungary 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 2017, leveling off at the previous year. In general, the export price recorded a resilient expansion. The growth pace was the most rapid in 2013 when the average export price decreased by 99.9%. The export price peaked in 2017 and is likely to see steady growth in years to come.

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

From 2012 to 2017, the rate of growth in terms of prices for Jordan amounted to 0.0% per year.

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

Imports into Iraq

In 2022, after two years of decline, there was growth in overseas purchases of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, when their volume increased by 1.1% to X tons. Overall, imports, however, showed a sharp decline. The most prominent rate of growth was recorded in 2018 with an increase of 269%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers dropped modestly to $X in 2022. Over the period under review, imports, however, saw a dramatic slump. The growth pace was the most rapid in 2018 when imports increased by 172% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Jordan (X tons) constituted the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier to Iraq, with a 64% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Jordan exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Jordan totaled -28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-19.8% per year) and Turkey (-43.3% per year).

In value terms, Jordan ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Iraq, comprising 71% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Jordan totaled -30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-7.5% per year) and Turkey (-32.6% per year).

Import Prices by Country

In 2022, the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per ton, reducing by -5.1% against the previous year. Overall, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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