Singapore: Potassic Fertilizer Market 2025

Potassic Fertilizer Market Size in Singapore

The Singaporean potassic fertilizer market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, faced a drastic downturn. Potassic fertilizer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Potassic Fertilizer Production in Singapore

In value terms, potassic fertilizer production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Potassic Fertilizer Exports

Exports from Singapore

In 2022, overseas shipments of potassic fertilizers decreased by X% to X tons, falling for the fourth consecutive year after five years of growth. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, potassic fertilizer exports soared to $X in 2022. Over the period under review, exports saw a noticeable setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), India (X tons) and Vietnam (X tons) were the main destinations of potassic fertilizer exports from Singapore, with a combined X% share of total exports. Australia, Japan, Indonesia, Pakistan, Thailand, the Philippines and New Zealand lagged somewhat behind, together comprising a further X%.

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

In value terms, Australia ($X), India ($X) and Vietnam ($X) appeared to be the largest markets for potassic fertilizer exported from Singapore worldwide, with a combined X% share of total exports. Malaysia, Japan, Pakistan, Thailand, Indonesia, the Philippines and New Zealand lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average potassic fertilizer export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price, however, recorded a mild downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Indonesia ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports into Singapore

In 2022, overseas purchases of potassic fertilizers were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a deep reduction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, potassic fertilizer imports soared to $X in 2022. Overall, imports, however, continue to indicate a deep reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Israel (X tons) constituted the largest supplier of potassic fertilizer to Singapore, accounting for a X% share of total imports. Moreover, potassic fertilizer imports from Israel exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. Jordan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Israel totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Jordan (X% per year).

In value terms, the largest potassic fertilizer suppliers to Singapore were the Czech Republic ($X), Israel ($X) and Germany ($X), with a combined X% share of total imports. Jordan and the Netherlands lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average potassic fertilizer import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, posted a temperate expansion. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then plummeted in the following year.

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

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

Source: IndexBox Platform

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