Sweden: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Sweden

The Swedish potassium chloride (MOP) market rose notably to $X in 2022, surging by 5.1% 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). The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Potassium Chloride (Mop) Exports

Exports from Sweden

In 2022, shipments abroad of potassium chloride (MOP) was finally on the rise to reach X tons after three years of decline. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 9,491% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,659%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for potassium chloride (MOP) exports from Sweden, accounting for a 34% share of total exports. Moreover, potassium chloride (MOP) exports to the United States exceeded the volume sent to the second major destination, Finland (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +60.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+5.3% per year) and Japan (+47.8% per year).

In value terms, the United States ($X) remains the key foreign market for potassium chloride (MOP) exports from Sweden, comprising 33% of total exports. The second position in the ranking was taken by Finland ($X), with a 9.9% share of total exports. It was followed by Japan, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +72.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+9.2% per year) and Japan (+64.6% per year).

Export Prices by Country

In 2022, the average potassium chloride (MOP) export price amounted to $X per ton, with a decrease of -6.3% against the previous year. Overall, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 an increase of 161% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Norway ($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 Italy (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Sweden

In 2022, the amount of potassium chloride (MOP) imported into Sweden contracted dramatically to X tons, waning by -33.1% compared with the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 25%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, potassium chloride (MOP) imports skyrocketed to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Israel (X tons), Jordan (X tons) and Belgium (X tons) were the main suppliers of potassium chloride (MOP) imports to Sweden, together comprising 72% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +416.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Jordan ($X) and Belgium ($X) were the largest potassium chloride (MOP) suppliers to Sweden, together accounting for 84% of total imports.

Belgium, with a CAGR of +314.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potassium chloride (MOP) import price amounted to $X per ton, growing by 199% against the previous year. Overall, the import price showed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the price for Russia ($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 (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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