Scandinavia: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2024

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Scandinavia

The Scandinavia market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022, rising by 38% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +116.0% against 2018 indices. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Scandinavia

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 37% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports in Scandinavia

In 2022, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Scandinavia surged to X tons, picking up by 75% against the year before. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 14,877% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to $X in 2022. Overall, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 1,015% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) represented roughly 100% of total exports in 2022.

Sweden was also the fastest-growing in terms of the carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports, with a CAGR of +22.9% from 2012 to 2022. From 2012 to 2022, the share of Sweden increased by +63 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden amounted to +4.9%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, which is down by -18.2% against the previous year. Overall, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 186% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -14.6% per year.

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports in Scandinavia

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imported in Scandinavia skyrocketed to X tons, with an increase of 71% compared with the year before. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 209%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 120%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Sweden dominates fertilisers structure, resulting at X tons, which was approx. 85% of total imports in 2022. It was distantly followed by Finland (X tons) and Norway (X tons), together mixing up a 15% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imports into Sweden stood at +9.6%. At the same time, Finland (+54.4%) and Norway (+14.6%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +54.4% from 2012-2022. From 2012 to 2022, the share of Finland increased by +9.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Scandinavia, comprising 72% of total imports. The second position in the ranking was held by Finland ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled +5.9%. In the other countries, the average annual rates were as follows: Finland (+52.7% per year) and Norway (+3.2% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, rising by 5% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2018 when the import price increased by 25%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform