Report Update Nov 1, 2024

Kuwait - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Kuwait

After two years of growth, the Kuwaiti potassium chloride (MOP) market decreased by -75.4% to $X in 2022. In general, consumption showed a slight contraction. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Potassium Chloride (Mop) Exports

Exports from Kuwait

In 2021, exports of potassium chloride (MOP) from Kuwait totaled X tons, approximately equating the previous year. Over the period under review, exports posted a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, potassium chloride (MOP) exports totaled $X in 2021. In general, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and Bahrain (X tons) were the main destinations of potassium chloride (MOP) exports from Kuwait.

From 2019 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +73.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potassium chloride (MOP) exported from Kuwait were Saudi Arabia ($X), Qatar ($X) and Bahrain ($X).

Among the main countries of destination, Qatar, with a CAGR of +49.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average potassium chloride (MOP) export price amounted to $X per ton, approximately equating the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-13.7%).

Potassium Chloride (Mop) Imports

Imports into Kuwait

In 2022, after two years of growth, there was significant decline in purchases abroad of potassium chloride (MOP), when their volume decreased by -82.1% to X tons. In general, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 345%. As a result, imports attained the peak of X tons, and then declined significantly in the following year.

In value terms, potassium chloride (MOP) imports contracted sharply to $X in 2022. Overall, imports, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2021 with an increase of 253%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of potassium chloride (MOP) to Kuwait, with a 65% share of total imports. Moreover, potassium chloride (MOP) imports from Belarus exceeded the figures recorded by the second-largest supplier, Jordan (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 3.8% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Belarus stood at +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+4.4% per year) and Turkey (+74.1% per year).

In value terms, Belarus ($X), Jordan ($X) and Turkey ($X) were the largest potassium chloride (MOP) suppliers to Kuwait, with a combined 90% share of total imports.

Turkey, with a CAGR of +64.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, with an increase of 53% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Jordan ($X per ton) and Russia ($X per ton), while the price for Belarus ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium chloride (mop) in the world?

The countries with the highest volumes of potassium chloride mop) consumption in 2021 were China, Brazil and the United States, with a combined 54% share of global consumption. India, Belarus, Indonesia, Jordan, Malaysia, South Korea and Israel lagged somewhat behind, together comprising a further 24%.

What are the largest producers of potassium chloride (mop) in the world?

The countries with the highest volumes of potassium chloride mop) production in 2021 were Canada, Russia and Belarus, with a combined 67% share of global production. These countries were followed by China, Israel, Jordan and Germany, which together accounted for a further 26%.

What are the leading suppliers of potassium chloride (mop) to Kuwait?

In value terms, Jordan, Belarus and Turkey were the largest potassium chloride mop) suppliers to Kuwait, together comprising 92% of total imports.

What are the leading importers of potassium chloride (mop) from Kuwait?

In value terms, the largest markets for potassium chloride mop) exported from Kuwait were Qatar and Iraq.

What is the average export price for potassium chloride (mop) in Kuwait?

The average potassium chloride mop) export price stood at $385 per ton in 2019, stabilizing at the previous year.

What is the average import price for potassium chloride (mop) in Kuwait?

The average potassium chloride mop) import price stood at $309 per ton in 2021, declining by -12.5% against the previous year.

This report provides an in-depth analysis of the potassium chloride (mop) market in Kuwait. 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 4016 -

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
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