We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report World - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Global Potassium Nitrate Market 2024

Potassium Nitrate Market Size

The global potassium nitrate market was estimated at $X in 2022, with an increase of 11% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassium Nitrate Production

In value terms, potassium nitrate production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 11%. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Potassium Nitrate Exports

Exports

In 2022, after three years of growth, there was significant decline in shipments abroad of potassium nitrates, when their volume decreased by -5.1% to X tons. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. Over the period under review, the global exports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, potassium nitrate exports surged to $X in 2022. Overall, total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.1% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 19%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Chile represented the key exporting country with an export of around X tons, which reached 46% of total exports. Israel (X tons) took a 21% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (9.6%) and China (6.9%). The following exporters - Denmark (X tons), Belarus (X tons) and Spain (X tons) - together made up 8.9% of total exports.

From 2012 to 2022, average annual rates of growth with regard to potassium nitrate exports from Chile stood at +3.5%. At the same time, Belarus (+338.9%), the Netherlands (+17.1%), China (+15.3%), Spain (+2.2%) and Israel (+1.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +338.9% from 2012-2022. Denmark experienced a relatively flat trend pattern. The Netherlands (+7 p.p.), China (+4.7 p.p.), Belarus (+3.2 p.p.) and Chile (+3.1 p.p.) significantly strengthened its position in terms of the global exports, while Israel saw its share reduced by -3.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest potassium nitrate supplier worldwide, comprising 43% of global exports. The second position in the ranking was taken by Israel ($X), with a 19% share of global exports. It was followed by the Netherlands, with a 12% share.

In Chile, potassium nitrate exports expanded at an average annual rate of +4.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+0.4% per year) and the Netherlands (+17.6% per year).

Export Prices by Country

The average potassium nitrate export price stood at $X per ton in 2022, jumping by 23% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the other global leaders experienced more modest paces of growth.

Potassium Nitrate Imports

Imports

After two years of growth, purchases abroad of potassium nitrates decreased by -7.4% to X tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 11%. Over the period under review, global imports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, potassium nitrate imports soared to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons) and the Netherlands (X tons) represented the largest importers of potassium nitrates in 2022, reaching near 21% and 19% of total imports, respectively. It was distantly followed by Italy (X tons), constituting a 5.1% share of total imports. The United Arab Emirates (X tons), Peru (X tons), Turkey (X tons), South Africa (X tons), Morocco (X tons), Argentina (X tons), Australia (X tons), Belgium (X tons), Poland (X tons) and France (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +21.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest potassium nitrate importing markets worldwide were Spain ($X), the Netherlands ($X) and Italy ($X), with a combined 45% share of global imports. Morocco, Turkey, South Africa, Australia, Peru, the United Arab Emirates, Belgium, Poland, France and Argentina lagged somewhat behind, together comprising a further 27%.

The United Arab Emirates, with a CAGR of +17.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average potassium nitrate import price stood at $X per ton in 2022, growing by 49% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Morocco ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+5.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of potassium nitrate consumption, 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. Spain ranked third in terms of total consumption with a 5.5% share.
The countries with the highest volumes of in 2021 were China, Chile and India, together comprising 36% of global production.
In value terms, Chile remains the largest potassium nitrate supplier worldwide, comprising 41% of global exports. The second position in the ranking was occupied by Israel, with a 13% share of global exports. It was followed by the Netherlands, with a 12% share.
In value terms, the Netherlands, Spain and the United States were the countries with the highest levels of imports in 2021, together accounting for 44% of global imports.
The average potassium nitrate export price stood at $740 per ton in 2021, growing by 3.7% against the previous year.
In 2021, the average potassium nitrate import price amounted to $760 per ton, rising by 3.7% against the previous year.

This report provides an in-depth analysis of the global potassium nitrate market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Haifa Chemicals, Migao, SQM, URALCHEM, Yara, Nitroparis, Arab Potash Company, Jost Chemical Co., H.J. Baker & Bro, Reagents, Noah Chemicals, ProChem, Barium & Chemicals, The Stutz Company, Aldon Corporation, CRS Chemicals, Chemical Store Inc., MS FineChem, Mil-Spec Industries, SAE Manufacturing Specialties Corp, Lifeasible, BariteWorld

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 344

This report provides an in-depth analysis of the potassium nitrate market in Asia.

U.S. - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 666

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

China - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 456

This report provides an in-depth analysis of the potassium nitrate market in China.

EU - Nitrates of Potassium - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 385

This report provides an in-depth analysis of the potassium nitrate market in the EU.

Free Data: Nitrates Of Potassium - World
Table
Nitrates Of Potassium - World - Table
Dashboard
Nitrates Of Potassium - World - Dashboard
Report
Nitrates Of Potassium - World - Report