Slovakia: 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 Slovakia

The Slovak market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2022, rising by 300% against the previous year. In general, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

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

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 10,592,200% against the previous year. Over the period under review, production of reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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

Exports from Slovakia

In 2022, overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by -16.2% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2013 when exports increased by 762%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 426%. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Slovakia, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to +3.6%.

In value terms, the Czech Republic ($X) also remains the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Slovakia.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled +9.6%.

Export Prices by Country

The average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 83% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 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 the Czech Republic.

From 2012 to 2022, the rate of growth in terms of prices for Hungary amounted to +30.1% per year.

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

Imports into Slovakia

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imported into Slovakia skyrocketed to X tons, rising by 250% against 2021 figures. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 687%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

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, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 441% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Hungary (X tons) constituted the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier to Slovakia, with a 52% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Hungary exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+33.2% per year) and Italy (+5.7% per year).

In value terms, Hungary ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Slovakia, comprising 49% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 23% share of total imports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary stood at +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+24.7% per year) and Italy (+3.4% per year).

Import Prices by Country

The average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X per ton in 2022, waning by -56.3% against the previous year. Overall, the import price, however, recorded a temperate increase. The pace of growth was the most pronounced in 2021 an increase of 177%. As a result, import price reached the peak level of $X per ton, and then fell dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :