Report Update Nov 1, 2024

Uruguay - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Potassium Sulphate (Sop) Market 2024

Potassium Sulphate (Sop) Market Size in Uruguay

For the third consecutive year, the Uruguayan potassium sulphate (SOP) market recorded growth in sales value, which increased by 97% to $X in 2022. Over the period under review, consumption continues to indicate a strong increase. Potassium sulphate (SOP) consumption peaked in 2022 and is likely to continue growth in the immediate term.

Potassium Sulphate (Sop) Exports

Exports from Uruguay

In 2022, the amount of potassium sulphate (SOP) exported from Uruguay reduced remarkably to X kg, which is down by -33.2% against 2021. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 621% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, potassium sulphate (SOP) exports totaled $X in 2022. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2016 when exports increased by 394%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X kg) was the main destination for potassium sulphate (SOP) exports from Uruguay, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guatemala totaled +14.1%.

In value terms, Guatemala ($X) emerged as the key foreign market for potassium sulphate (SOP) exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Guatemala amounted to +16.0%.

Export Prices by Country

The average potassium sulphate (SOP) export price stood at $X per ton in 2022, with an increase of 50% against the previous year. In general, the export price showed a temperate increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 60%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +1.6% per year.

Potassium Sulphate (Sop) Imports

Imports into Uruguay

In 2022, approx. X tons of potassium sulphate (SOP) were imported into Uruguay; growing by 72% compared with the previous year. Over the period under review, imports posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 169% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, potassium sulphate (SOP) imports soared to $X in 2022. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 132%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Sweden (X tons) constituted the largest potassium sulphate (SOP) supplier to Uruguay, with a 75% share of total imports. Moreover, potassium sulphate (SOP) imports from Sweden exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden stood at +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+1,184.6% per year) and Belgium (+4.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of potassium sulphate (SOP) to Uruguay, comprising 63% of total imports. The second position in the ranking was held by Egypt ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden totaled +33.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+1,998.2% per year) and Belgium (+6.0% per year).

Import Prices by Country

In 2022, the average potassium sulphate (SOP) import price amounted to $X per ton, jumping by 19% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Egypt ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+63.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium sulphate (sop) in the world?

The countries with the highest volumes of potassium sulphate sop) consumption in 2021 were the United States, Finland and Chile, together accounting for 33% of global consumption. Taiwan Chinese), South Africa, Pakistan, Norway, France, Peru, Iran, Mexico, the Netherlands and Japan lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of potassium sulphate (sop) in the world?

The countries with the highest volumes of potassium sulphate sop) production in 2021 were the United States, Germany and Finland, with a combined 49% share of global production.

What are the leading suppliers of potassium sulphate (sop) to Uruguay?

In value terms, Sweden constituted the largest supplier of potassium sulphate sop) to Uruguay, comprising 38% of total imports. The second position in the ranking was occupied by Argentina, with a 12% share of total imports. It was followed by Taiwan Chinese), with a 10% share.

What is the average export price for potassium sulphate (sop) in Uruguay?

The average potassium sulphate sop) export price stood at $1,082 per ton in 2021, with a decrease of -18.9% against the previous year.

What is the average import price for potassium sulphate (sop) in Uruguay?

The average potassium sulphate sop) import price stood at $693 per ton in 2021, dropping by -4.1% against the previous year.

This report provides an in-depth analysis of the potassium sulphate (sop) market in Uruguay. 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 4017 -

Country coverage:

Uruguay

Data coverage:

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