Romania: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Romania

The Romanian potassium chloride (MOP) market fell remarkably to $X in 2022, with a decrease of -82.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep slump. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Potassium Chloride (Mop) Exports

Exports from Romania

In 2022, potassium chloride (mop) exports from Romania shrank sharply to X tons, which is down by -66.6% compared with the previous year. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 3,795%. The exports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, potassium chloride (MOP) exports contracted markedly to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 1,474% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

Croatia (X tons), Greece (X tons) and Hungary (X tons) were the main destinations of potassium chloride (MOP) exports from Romania, together accounting for 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +158.1%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) emerged as the key foreign market for potassium chloride (MOP) exports from Romania, comprising 50% of total exports. The second position in the ranking was held by Hungary ($X), with a 21% share of total exports. It was followed by Croatia, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to Greece stood at +134.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+46.8% per year) and Croatia (-72.9% per year).

Export Prices by Country

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, growing by 49% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Croatia ($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 Austria (+12.0%), while the prices for the other major destinations experienced a decline.

Potassium Chloride (Mop) Imports

Imports into Romania

Potassium chloride (MOP) imports into Romania dropped remarkably to X tons in 2022, falling by -82.3% compared with the previous year. Over the period under review, imports saw a pronounced decrease. The growth pace was the most rapid in 2013 when imports increased by 117%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports declined dramatically to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by 83%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest potassium chloride (MOP) supplier to Romania, accounting for a 80% share of total imports. Moreover, potassium chloride (MOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Georgia (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+2,942.6% per year) and Italy (-8.3% per year).

In value terms, Germany ($X) constituted the largest supplier of potassium chloride (MOP) to Romania, comprising 65% of total imports. The second position in the ranking was held by Georgia ($X), with a 13% share of total imports. It was followed by the Netherlands, with an 8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Georgia (+1,122.5% per year) and the Netherlands (-8.6% per year).

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, with an increase of 21% against the previous year. In general, the import price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2021 an increase of 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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