MENA: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in MENA

In 2022, the MENA's potassium chloride (MOP) market increased by 98% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.2% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassium Chloride (Mop) Production in MENA

In value terms, potassium chloride (MOP) production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 6.8% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports in MENA

After three years of growth, overseas shipments of potassium chloride (MOP) decreased by -99.1% to X tons in 2022. Overall, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 28%. The volume of export peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, potassium chloride (MOP) exports reduced notably to $X in 2022. In general, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons), Morocco (X tons) and Turkey (X tons) represented the largest exporter of potassium chloride (MOP) in MENA, achieving 92% of total export. The following exporters - Israel (X tons) and Bahrain (X tons) - together made up 5.7% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bahrain (with a CAGR of +474.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest potassium chloride (MOP) supplying countries in MENA were Morocco ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined 93% share of total exports. Bahrain and Israel lagged somewhat behind, together comprising a further 5.2%.

In terms of the main exporting countries, Bahrain, with a CAGR of +325.7%, 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 more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by 97% against the previous year. Over the period under review, the export price recorded a measured expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+20.3%), while the other leaders experienced a decline in the export price figures.

Potassium Chloride (Mop) Imports

Imports in MENA

Potassium chloride (MOP) imports declined notably to X tons in 2022, which is down by -25.6% against 2021 figures. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 131%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted markedly in the following year.

In value terms, potassium chloride (MOP) imports surged to $X in 2022. In general, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 69%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Morocco was the largest importing country with an import of about X tons, which finished at 63% of total imports. It was distantly followed by Turkey (X tons), making up a 27% share of total imports. The following importers - Qatar (X tons), the United Arab Emirates (X tons), Egypt (X tons) and Algeria (X tons) - each accounted for a 7.4% share of total imports.

Morocco was also the fastest-growing in terms of the potassium chloride (MOP) imports, with a CAGR of +57.9% from 2012 to 2022. At the same time, Qatar (+34.0%), Algeria (+25.0%), Egypt (+9.2%), Turkey (+6.9%) and the United Arab Emirates (+2.9%) displayed positive paces of growth. From 2012 to 2022, the share of Morocco increased by +60 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X), Turkey ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 94% of total imports.

Morocco, with a CAGR of +56.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, surging by 70% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform