Israel: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Israel

In 2022, the Israeli potassium chloride (MOP) market was finally on the rise to reach $X after two years of decline. Overall, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potassium Chloride (Mop) Production in Israel

In value terms, potassium chloride (MOP) production dropped to $X in 2022 estimated in export price. In general, production showed a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports from Israel

In 2022, overseas shipments of potassium chloride (MOP) decreased by 99.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2016 when exports increased by 29% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted significantly in the following year.

In value terms, potassium chloride (MOP) exports contracted significantly to $X in 2022. Overall, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Spain (X tons) and Thailand (X tons) were the main destinations of potassium chloride (MOP) exports from Israel, together accounting for 69% of total exports. Australia, the UK, Ireland, Mexico and Cyprus lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the United States ($X), Australia ($X) and Spain ($X) constituted the largest markets for potassium chloride (MOP) exported from Israel worldwide, together accounting for 61% of total exports. Thailand, Ireland, Mexico, the UK and Cyprus lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Ireland, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2022, picking up by 32% against the previous year. In general, the export price, however, showed a slight decline. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK ($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 Cyprus (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Israel

In 2022, the amount of potassium chloride (MOP) imported into Israel fell sharply to X tons, waning by -40.3% compared with the year before. Over the period under review, imports, however, posted a moderate expansion. The pace of growth was the most pronounced in 2015 when imports increased by 619% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, potassium chloride (MOP) imports reduced sharply to $X in 2022. Overall, imports saw a mild contraction. The growth pace was the most rapid in 2015 when imports increased by 452%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of potassium chloride (MOP) to Israel, with a 84% share of total imports. Moreover, potassium chloride (MOP) imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.6% per year) and China (-10.9% per year).

In value terms, Germany ($X) constituted the largest supplier of potassium chloride (MOP) to Israel, comprising 84% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.9% per year) and China (-16.4% per year).

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, shrinking by -2.5% against the previous year. In general, the import price saw a abrupt setback. The growth pace was the most rapid in 2018 when the average import price increased by 15% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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