Report Update Nov 1, 2024

U.S. - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in the U.S.

The U.S. potassium nitrate market amounted to less than $X in 2022, approximately equating 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). In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of 99.9%. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Potassium Nitrate Exports

Exports from the U.S.

In 2018, after two years of decline, there was decline in shipments abroad of potassium nitrates, when their volume decreased by 0% to X kg. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2018 and are likely to see steady growth in years to come.

In value terms, potassium nitrate exports stood at $X in 2018. In general, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2018 and are expected to retain growth in the near future.

Exports by Country

Mexico (X kg) was the main destination for potassium nitrate exports from the United States, accounting for a 76% share of total exports. Moreover, potassium nitrate exports to Mexico exceeded the volume sent to the second major destination, Canada (X kg), sixfold.

From 2015 to 2018, the average annual rate of growth in terms of volume to Mexico amounted to +191.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+206.3% per year) and Poland (+268.4% per year).

From 2015 to 2018, the average annual rate of growth in terms of value to Mexico totaled +139.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+227.1% per year) and Canada (+168.4% per year).

Export Prices by Country

In 2018, the average potassium nitrate export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2016 a decrease of 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2018, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-7.4%), while the prices for the other major destinations experienced a decline.

Potassium Nitrate Imports

Imports into the U.S.

In 2022, overseas purchases of potassium nitrates decreased by -34.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 302% against the previous year. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, potassium nitrate imports soared to $X in 2022. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 432%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) constituted the largest potassium nitrate supplier to the United States, with a 85% share of total imports. Moreover, potassium nitrate imports from Chile exceeded the figures recorded by the second-largest supplier, Canada (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to +7.8%.

In value terms, Chile ($X) constituted the largest supplier of potassium nitrates to the United States, comprising 94% of total imports. The second position in the ranking was taken by Canada ($X), with a 3.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Chile totaled +19.3%.

Import Prices by Country

In 2022, the average potassium nitrate import price amounted to $X per ton, rising by 338% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price attained 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 Chile ($X per ton), while the price for Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+10.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium nitrates in the world?

China remains the largest potassium nitrate consuming country worldwide, accounting for 16% of total volume. Moreover, potassium nitrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Spain, with a 5.5% share.

What are the largest producers of potassium nitrates in the world?

The countries with the highest volumes of in 2021 were China, Chile and India, together accounting for 36% of global production.

What are the leading suppliers of potassium nitrates to the U.S.?

In value terms, Chile constituted the largest supplier of potassium nitrate to the United States, comprising 88% of total imports. The second position in the ranking was occupied by Germany, with a 5.3% share of total imports. It was followed by Jordan, with a 3% share.

What are the leading importers of potassium nitrates from the U.S.?

In value terms, Canada, Mexico and Thailand were the largest markets for potassium nitrate exported from the United States worldwide, together comprising 95% of total exports.

What is the average export price for potassium nitrates in the U.S.?

The average potassium nitrate export price stood at $740 per ton in 2021, rising by 2.1% against the previous year.

What is the average import price for potassium nitrates in the U.S.?

The average potassium nitrate import price stood at $636 per ton in 2021, rising by 8.7% against the previous year.

This report provides an in-depth analysis of the potassium nitrate market in the U.S.. 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 4025 -

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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