Vietnam: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2025

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Vietnam

The Vietnamese market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2022, growing by 200% against the previous year. Overall, consumption, however, saw a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Vietnam

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 162,934,500%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

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

Exports from Vietnam

In 2022, overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by -24.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a moderate increase. The pace of growth appeared the most rapid in 2020 with an increase of 603% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then declined remarkably in the following year.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers declined sharply to $X in 2022. In general, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 596%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Malaysia (X tons) and Japan (X tons) were the main destinations of exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Vietnam, with a combined 62% share of total exports. Cambodia, Fiji, Myanmar, Lao People's Democratic Republic and Sri Lanka lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +54.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exported from Vietnam were Japan ($X), Fiji ($X) and the Philippines ($X), with a combined 67% share of total exports.

Fiji, with a CAGR of +46.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, growing by 7.8% against the previous year. Overall, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Myanmar ($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 Fiji (+4.3%), while the prices for the other major destinations experienced a decline.

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

Imports into Vietnam

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imported into Vietnam rose markedly to X tons, picking up by 9.3% on 2021 figures. Overall, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 233%. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reduced to $X in 2022. Over the period under review, imports, however, saw a pronounced setback. The pace of growth appeared the most rapid in 2020 when imports increased by 316% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Israel (X tons) were the main suppliers of imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Vietnam, together comprising 82% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), China ($X) and Israel ($X) were the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers suppliers to Vietnam, together accounting for 80% of total imports. Germany, the United States, the UK and Malaysia lagged somewhat behind, together comprising a further 15%.

Germany, with a CAGR of +7.3%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per ton, dropping by -15.6% against the previous year. In general, the import price showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Jordan ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :