Overview of the Global Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

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

In 2022, the global market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by -1.3% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a mild descent. Over the period under review, the global market reached the maximum level at $X in 2012; however, from 2013 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 value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reached $X in 2022 estimated in export price. Overall, production, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 2.9% against the previous year. Over the period under review, global production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports

In 2022, shipments abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by 39% to X tons, rising for the sixth consecutive year after two years of decline. In general, exports recorded a remarkable increase. 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 soared to $X in 2022. Overall, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan represented the key exporting country with an export of about X tons, which recorded 53% of total exports. The UK (X tons) ranks second in terms of the total exports with a 24% share, followed by Israel (5.8%) and the Netherlands (5.2%). The following exporters - Belarus (X tons) and China (X tons) - each reached a 6.3% share of total exports.

Exports from Jordan increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Israel (+77.5%), China (+72.6%), the UK (+54.4%), the Netherlands (+24.6%) and Belarus (+16.7%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the world, with a CAGR of +77.5% from 2012-2022. While the share of the UK (+23 p.p.), Israel (+5.8 p.p.), the Netherlands (+3.8 p.p.) and China (+3.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Jordan (-33.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier worldwide, comprising 78% of global exports. The second position in the ranking was taken by the UK ($X), with a 10% share of global exports. It was followed by Belarus, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Jordan amounted to +4.7%. In the other countries, the average annual rates were as follows: the UK (+42.7% per year) and Belarus (+12.1% 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, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of 23%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.8%), while the other global leaders experienced mixed trends in the export price figures.

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

Imports

In 2022, the amount of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers imported worldwide surged to X tons, rising by 25% compared with 2021 figures. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.7% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. Over the period under review, global imports of hit record highs in 2022 and are expected to retain 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 soared to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +124.7% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons), Canada (X tons), China (X tons), India (X tons), Malaysia (X tons), Japan (X tons), France (X tons), Germany (X tons), Guatemala (X tons), Spain (X tons), Denmark (X tons) and Poland (X tons) represented the major importer of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the world, generating 71% of total import. Colombia (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +49.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers worldwide, comprising 18% of global imports. The second position in the ranking was held by Japan ($X), with an 8.5% share of global imports. It was followed by Guatemala, with a 7.4% share.

In Brazil, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers expanded at an average annual rate of +30.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+18.7% per year) and Guatemala (+5.0% per year).

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, growing by 15% against the previous year. In general, the import price, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by 27%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+3.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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