Kuwait: 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 Kuwait

The Kuwaiti market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers expanded sharply to $X in 2022, with an increase of 9.2% against the previous year. Overall, consumption, however, faced a dramatic decline. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

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

Exports from Kuwait

In 2016, after two years of decline, there was decline in shipments abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, when their volume decreased by 0% to X tons. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2014. Over the period under review, the exports of hit record highs in 2016 and are likely to see gradual growth in the near future.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers totaled $X in 2016. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2014. Over the period under review, the exports of attained the maximum in 2016 and are likely to continue growth in the immediate term.

Exports by Country

Malawi (X tons) was the main destination for exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Kuwait, accounting for a approx. 100% share of total exports.

From 2013 to 2016, the average annual rate of growth in terms of volume to Malawi was relatively modest.

From 2013 to 2016, the average annual growth rate of value to Malawi 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 2016, standing approx. at the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2014 a decrease of 99.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2016, the export prices remained at a lower figure.

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

From 2013 to 2016, the rate of growth in terms of prices for Bahrain 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 Kuwait

In 2022, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers into Kuwait soared to X tons, jumping by 28% on 2021. Overall, imports, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2015 with an increase of 6,897% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reached $X in 2022. In general, imports, however, faced a precipitous setback. The growth pace was the most rapid in 2015 with an increase of 3,959% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Jordan (X tons) was the main carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier to Kuwait, with a 94% 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, Egypt (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Jordan stood at -29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-24.5% per year) and Italy (-54.2% per year).

In value terms, Jordan ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Kuwait, comprising 95% of total imports. The second position in the ranking was held by Egypt ($X), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Jordan stood at -29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-29.6% per year) and Italy (-59.8% 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, waning by -17.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 78% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood 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 Jordan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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