Tunisia: 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 Tunisia

The Tunisian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers skyrocketed to $X in 2022, growing by 701% 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). Overall, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

Exports from Tunisia

In 2022, overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by 786% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mali (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 Tunisia, accounting for a 58% share of total exports. Moreover, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Mali exceeded the volume sent to the second major destination, Mauritania (X tons), fivefold. The third position in this ranking was taken by Gambia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Mali was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (0.0% per year) and Gambia (0.0% per year).

In value terms, Mali ($X) emerged as the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Tunisia, comprising 50% of total exports. The second position in the ranking was held by Senegal ($X), with a 16% share of total exports. It was followed by Mauritania, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Mali was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (0.0% per year) and Mauritania (0.0% per year).

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, with a decrease of -16.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 110% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($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 Morocco (+13.0%).

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

Imports into Tunisia

In 2022, supplies from abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers was finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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. Over the period under review, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier to Tunisia, with a 61% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was held by Chile (X tons), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +76.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+41.2% per year) and Chile (0.0% per year).

In value terms, China ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Tunisia, comprising 52% of total imports. The second position in the ranking was held by the UK ($X), with a 23% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +70.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.0% per year) and Spain (+0.8% 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, dropping by -18.1% against the previous year. Overall, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 42%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform