Poland: Potassium Sulphate (Sop) Market 2024

Potassium Sulphate (Sop) Market Size in Poland

After three years of growth, the Polish potassium sulphate (SOP) market decreased by -9.4% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Potassium Sulphate (Sop) Production in Poland

In value terms, potassium sulphate (SOP) production reached $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 123%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Potassium Sulphate (Sop) Exports

Exports from Poland

After six years of growth, shipments abroad of potassium sulphate (SOP) decreased by -69.4% to X tons in 2022. In general, exports, however, saw a strong increase. The growth pace was the most rapid in 2016 when exports increased by 670%. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, potassium sulphate (SOP) exports reduced sharply to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 572%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Denmark (X tons), Ukraine (X tons) and Romania (X tons) were the main destinations of potassium sulphate (SOP) exports from Poland, with a combined 59% share of total exports. Germany, Russia, Hungary, Lithuania and Slovakia lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +109.7%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Denmark ($X) and Romania ($X) appeared to be the largest markets for potassium sulphate (SOP) exported from Poland worldwide, together accounting for 57% of total exports. Russia, Germany, Hungary, Lithuania and Slovakia lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Germany, with a CAGR of +120.8%, 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

The average potassium sulphate (SOP) export price stood at $X per ton in 2022, growing by 52% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) export price increased by +133.9% against 2018 indices. 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 destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Slovakia ($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 Serbia (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Sulphate (Sop) Imports

Imports into Poland

In 2022, overseas purchases of potassium sulphate (SOP) decreased by -32.6% to X tons, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potassium sulphate (SOP) imports fell modestly to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.3% against 2018 indices. The growth pace was the most rapid in 2014 when imports increased by 49% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest potassium sulphate (SOP) supplier to Poland, with a 66% share of total imports. Moreover, potassium sulphate (SOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Sweden (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-8.3% per year) and Sweden (+43.8% per year).

In value terms, Germany ($X) constituted the largest supplier of potassium sulphate (SOP) to Poland, comprising 66% of total imports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total imports. It was followed by Sweden, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.0% per year) and Sweden (+48.7% per year).

Import Prices by Country

In 2022, the average potassium sulphate (SOP) import price amounted to $X per ton, with an increase of 45% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) import price increased by +83.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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