Slovenia: Potassium Sulphate (Sop) Market 2024

Potassium Sulphate (Sop) Market Size in Slovenia

The Slovene potassium sulphate (SOP) market surged to $X in 2022, growing by 19% 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, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Potassium Sulphate (Sop) Exports

Exports from Slovenia

In 2022, the amount of potassium sulphate (SOP) exported from Slovenia soared to X tons, picking up by 2,380% compared with the previous year's figure. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 68,300%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium sulphate (SOP) exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 2,355% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Croatia (X tons) was the main destination for potassium sulphate (SOP) exports from Slovenia, with a 81% share of total exports. Moreover, potassium sulphate (SOP) exports to Croatia exceeded the volume sent to the second major destination, Austria (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia stood at -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-62.8% per year) and Serbia (+54.2% per year).

In value terms, the largest markets for potassium sulphate (SOP) exported from Slovenia were Serbia ($X), Croatia ($X) and Austria ($X), together accounting for 98% of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of +58.7%, 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 a decline.

Export Prices by Country

In 2022, the average potassium sulphate (SOP) export price amounted to $X per ton, with a decrease of -83.7% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 2,692%. The export price peaked at $X per ton in 2016; however, from 2017 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 Serbia ($X per ton), while the average price for exports to Croatia ($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 (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Sulphate (Sop) Imports

Imports into Slovenia

In 2022, overseas purchases of potassium sulphate (SOP) decreased by -5.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 126% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, potassium sulphate (SOP) imports skyrocketed to $X in 2022. In general, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2014 when imports increased by 106%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of potassium sulphate (SOP) imports to Slovenia, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +48.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of potassium sulphate (SOP) to Slovenia, comprising 48% of total imports. The second position in the ranking was taken by Italy ($X), with a 22% share of total imports. It was followed by the Netherlands, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.5% per year) and the Netherlands (+43.2% per year).

Import Prices by Country

In 2022, the average potassium sulphate (SOP) import price amounted to $X per ton, increasing by 44% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) import price increased by +80.3% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for the Netherlands ($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 (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform