Middle East: Potassium Sulphate (Sop) Market 2025

Potassium Sulphate (Sop) Market Size in the Middle East

In 2022, the Middle Eastern potassium sulphate (SOP) market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a deep contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Potassium Sulphate (Sop) Production in the Middle East

In value terms, potassium sulphate (SOP) production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a precipitous setback. The growth pace was the most rapid in 2017 when the production volume increased by 298,103,300% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Potassium Sulphate (Sop) Exports

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in shipments abroad of potassium sulphate (SOP), when their volume decreased by -10.9% to X tons. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, potassium sulphate (SOP) exports contracted to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 104% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, the United Arab Emirates (X tons) and Saudi Arabia (X tons) were the largest exporters of potassium sulphate (SOP) in the Middle East, together committing 67% of total exports. Turkey (X tons) ranks next in terms of the total exports with an 18% share, followed by Jordan (5.2%) and Iran (4.6%). Israel (X tons) and Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +37.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium sulphate (SOP) supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Saudi Arabia ($X), with a combined 84% share of total exports. Jordan, Iran, Lebanon and Israel lagged somewhat behind, together accounting for a further 16%.

In terms of the main exporting countries, Iran, with a CAGR of +48.9%, 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 the Middle East stood at $X per ton in 2022, surging by 1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the export price increased by 38%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+8.1%), while the other leaders experienced more modest paces of growth.

Potassium Sulphate (Sop) Imports

Imports in the Middle East

In 2022, after two years of decline, there was growth in purchases abroad of potassium sulphate (SOP), when their volume increased by 3.2% to X tons. Over the period under review, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 63% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, potassium sulphate (SOP) imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 74% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Iran (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly 87% of total imports in 2022. Lebanon (X tons), Israel (X tons) and Jordan (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium sulphate (SOP) importing markets in the Middle East were Turkey ($X), Iran ($X) and Saudi Arabia ($X), together comprising 75% of total imports. The United Arab Emirates, Israel, Jordan and Lebanon lagged somewhat behind, together comprising a further 22%.

In terms of the main importing countries, Israel, with a CAGR of +8.8%, saw the highest growth rate of 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 the Middle East amounted to $X per ton, growing by 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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