Italy: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Italy

In 2022, the Italian potassium chloride (MOP) market increased by 29% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassium Chloride (Mop) Exports

Exports from Italy

In 2022, approx. X tons of potassium chloride (MOP) were exported from Italy; picking up by 71% against the previous year's figure. In general, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassium chloride (MOP) exports surged to $X in 2022. Over the period under review, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Croatia (X tons), Austria (X tons) and France (X tons) were the main destinations of potassium chloride (MOP) exports from Italy, together accounting for 63% of total exports. Slovenia, Romania, Hungary, Angola and Congo lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) emerged as the key foreign market for potassium chloride (MOP) exports from Italy, comprising 34% of total exports. The second position in the ranking was taken by Austria ($X), with a 13% share of total exports. It was followed by Romania, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Croatia totaled +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-2.2% per year) and Romania (+24.1% per year).

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2022, with an increase of 63% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium chloride (MOP) export price increased by +76.0% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Congo ($X per ton), while the average price for exports to France ($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 Congo (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Italy

In 2022, approx. X tons of potassium chloride (MOP) were imported into Italy; picking up by 21% against 2021. The total import volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassium chloride (MOP) imports skyrocketed to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of potassium chloride (MOP) to Italy, with a 57% share of total imports. Moreover, potassium chloride (MOP) imports from Canada exceeded the figures recorded by the second-largest supplier, Israel (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+3.3% per year) and Germany (-8.2% per year).

In value terms, Canada ($X) constituted the largest supplier of potassium chloride (MOP) to Italy, comprising 53% of total imports. The second position in the ranking was held by Israel ($X), with a 20% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+1.3% per year) and Germany (-4.6% per year).

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, picking up by 15% against the previous year. In general, the import price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 21%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Russia ($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 (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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