MENA: 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 MENA

The MENA's market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers dropped remarkably to $X in 2022, waning by -32.5% against the previous year. In general, consumption recorded a slight setback. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 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 MENA

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers expanded to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 9.8%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

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

Exports in MENA

In 2022, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in MENA skyrocketed to X tons, increasing by 72% on 2021. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022. Over the period under review, exports showed a pronounced increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan prevails in fertilisers structure, amounting to X tons, which was near 89% of total exports in 2022. It was distantly followed by Israel (X tons), comprising a 9.8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Jordan stood at +4.4%. At the same time, Israel (+77.5%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +77.5% from 2012-2022. Israel (+9.8 p.p.) significantly strengthened its position in terms of the total exports, while Jordan saw its share reduced by -10.6% from 2012 to 2022, respectively.

In value terms, Jordan ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in MENA, comprising 98% of total exports. The second position in the ranking was taken by Israel ($X), with a 0.8% share of total exports.

In Jordan, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased at an average annual rate of +4.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, reducing by -15% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 27%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Israel stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+0.3%).

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

Imports in MENA

In 2022, purchases abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by -27.9% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 26% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then declined remarkably in the following year.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers fell significantly to $X in 2022. Over the period under review, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 39%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Tunisia (X tons), Morocco (X tons), Turkey (X tons), Israel (X tons) and Lebanon (X tons) were the key importers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, together creating 83% of total imports. Bahrain (X tons) and Oman (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +63.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Tunisia ($X), with a combined 59% share of total imports. Israel, Morocco, Lebanon, Oman and Bahrain lagged somewhat behind, together comprising a further 31%.

In terms of the main importing countries, Bahrain, with a CAGR of +42.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by 8.7% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2019 when the import price increased by 14% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform