Report Update Nov 1, 2024

Sri Lanka - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Sri Lanka

In 2022, the Sri Lankan potassium chloride (MOP) market decreased by -14% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, recorded a pronounced expansion. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Potassium Chloride (Mop) Exports

Exports from Sri Lanka

In 2022, the amount of potassium chloride (MOP) exported from Sri Lanka fell significantly to X kg, with a decrease of -50% on 2021. Over the period under review, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 30% against the previous year. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, potassium chloride (MOP) exports reduced notably to $X in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 14%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell markedly in the following year.

Exports by Country

Maldives (X kg) was the main destination for potassium chloride (MOP) exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Maldives stood at -2.1%.

In value terms, Maldives ($X) also remains the key foreign market for potassium chloride (MOP) exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Maldives stood at +27.7%.

Export Prices by Country

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, recorded significant growth. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then reduced slightly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +30.4% per year.

Potassium Chloride (Mop) Imports

Imports into Sri Lanka

In 2022, purchases abroad of potassium chloride (MOP) decreased by -45.4% to X tons, falling for the second consecutive year after four years of growth. In general, imports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2015 when imports increased by 164%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, potassium chloride (MOP) imports soared to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 213% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) was the main potassium chloride (MOP) supplier to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada was relatively modest.

In value terms, Canada ($X) constituted the largest supplier of potassium chloride (MOP) to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada was relatively modest.

Import Prices by Country

The average potassium chloride (MOP) import price stood at $X per ton in 2022, surging by 256% against the previous year. Over the period under review, the import price posted a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to -1.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium chloride (mop) in the world?

The countries with the highest volumes of potassium chloride mop) consumption in 2021 were China, Brazil and the United States, together comprising 54% of global consumption. India, Belarus, Indonesia, Jordan, Malaysia, South Korea and Israel lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of potassium chloride (mop) in the world?

The countries with the highest volumes of potassium chloride mop) production in 2021 were Canada, Russia and Belarus, with a combined 67% share of global production. These countries were followed by China, Israel, Jordan and Germany, which together accounted for a further 26%.

What are the leading suppliers of potassium chloride (mop) to Sri Lanka?

In value terms, Belarus constituted the largest supplier of potassium chloride mop) to Sri Lanka, comprising 41% of total imports. The second position in the ranking was occupied by Russia, with a 15% share of total imports. It was followed by Israel, with a 15% share.

What is the average import price for potassium chloride (mop) in Sri Lanka?

In 2021, the average potassium chloride mop) import price amounted to $269 per ton, reducing by -1.7% against the previous year.

This report provides an in-depth analysis of the potassium chloride (mop) market in Sri Lanka. 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 4016 -

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023