Report Update Jan 1, 2025

Scandinavia - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights

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Scandinavia: Potassium Sulphate (Sop) Market 2025

Potassium Sulphate (Sop) Market Size in Scandinavia

The Scandinavia potassium sulphate (SOP) market soared to $X in 2022, increasing by 32% against the previous year. In general, consumption saw a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Potassium Sulphate (Sop) Production in Scandinavia

In value terms, potassium sulphate (SOP) production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The growth pace was the most rapid in 2019 when the production volume increased by 34% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the immediate term.

Potassium Sulphate (Sop) Exports

Exports in Scandinavia

In 2022, overseas shipments of potassium sulphate (SOP) decreased by -4.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 59%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, potassium sulphate (SOP) exports surged to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden represented the main exporting country with an export of about X tons, which recorded 88% of total exports. It was distantly followed by Finland (X tons), making up an 11% share of total exports.

Sweden was also the fastest-growing in terms of the potassium sulphate (SOP) exports, with a CAGR of +7.0% from 2012 to 2022. Finland (-13.7%) illustrated a downward trend over the same period. While the share of Sweden (+40 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-40.5 p.p.) displayed negative dynamics.

In value terms, the largest potassium sulphate (SOP) supplying countries in Scandinavia were Sweden ($X) and Finland ($X).

Sweden, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by 100% against the previous year. Over the period under review, the export price saw a perceptible increase. 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 origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+16.5%).

Potassium Sulphate (Sop) Imports

Imports in Scandinavia

After three years of growth, supplies from abroad of potassium sulphate (SOP) decreased by -6.2% to X tons in 2022. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 144% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, potassium sulphate (SOP) imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable increase. The growth pace was the most rapid in 2015 when imports increased by 177% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Norway dominates imports structure, resulting at X tons, which was approx. 96% of total imports in 2022. The following importers - Sweden (X tons) and Finland (X tons) - each resulted at a 3.9% share of total imports.

Imports into Norway increased at an average annual rate of +9.3% from 2012 to 2022. At the same time, Sweden (+11.3%) and Finland (+8.7%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +11.3% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported potassium sulphate (SOP) in Scandinavia, comprising 90% of total imports. The second position in the ranking was held by Sweden ($X), with a 6.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Norway totaled +1.1%. In the other countries, the average annual rates were as follows: Sweden (+18.1% per year) and Finland (+16.2% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, reducing by -9.3% against the previous year. Over the period under review, the import price showed a drastic downturn. The growth pace was the most rapid in 2021 when the import price increased by 29% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the potassium sulphate (sop) market in Scandinavia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4017 -

Country coverage:

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Scandinavia, split by region and country
Trade (exports and imports) in Scandinavia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Finland
- Norway
- Sweden
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024