Netherlands: Potassium Sulphate (Sop) Market 2024

Potassium Sulphate (Sop) Market Size in the Netherlands

After two years of growth, the Dutch potassium sulphate (SOP) market decreased by -35.1% to $X in 2022. Overall, consumption, however, continues to indicate a modest expansion. Potassium sulphate (SOP) consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Potassium Sulphate (Sop) Exports

Exports from the Netherlands

In 2022, the amount of potassium sulphate (SOP) exported from the Netherlands skyrocketed to X tons, growing by 54% on the year before. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 682%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, potassium sulphate (SOP) exports skyrocketed to $X in 2022. In general, exports, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2014 with an increase of 604% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons), Belgium (X tons) and Spain (X tons) were the main destinations of potassium sulphate (SOP) exports from the Netherlands, together comprising 63% of total exports. Germany, the UK, France, Finland and the United States lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +109.5%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Norway ($X) and the UK ($X) constituted the largest markets for potassium sulphate (SOP) exported from the Netherlands worldwide, with a combined 61% share of total exports. Germany, Spain, Finland, France and the United States lagged somewhat behind, together accounting for a further 24%.

Finland, with a CAGR of +142.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potassium sulphate (SOP) export price stood at $X per ton in 2022, waning by -19.1% against the previous year. In general, the export price saw a mild setback. The growth pace was the most rapid in 2018 an increase of 34% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Sulphate (Sop) Imports

Imports into the Netherlands

In 2022, after two years of growth, there was significant decline in supplies from abroad of potassium sulphate (SOP), when their volume decreased by -16.3% to X tons. Overall, imports, however, showed a mild increase. The growth pace was the most rapid in 2014 with an increase of 113% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, potassium sulphate (SOP) imports fell sharply to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 87%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of potassium sulphate (SOP) to the Netherlands, accounting for a 76% share of total imports. Moreover, potassium sulphate (SOP) imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Sweden (X tons), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.4% per year) and Sweden (+23.5% per year).

In value terms, Belgium ($X) constituted the largest supplier of potassium sulphate (SOP) to the Netherlands, comprising 73% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by Sweden, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Sweden (+29.6% per year).

Import Prices by Country

The average potassium sulphate (SOP) import price stood at $X per ton in 2022, reducing by -2.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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