Which Country Exports the Most Crude Potash Salts in the World?

IndexBox has just published a new report "World: Crude Potash Salts (K2O Content) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of potash stood at 39M tonnes, descending by -5.2% against the previous year level. In general, potash imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by 33% against the previous year level. Global potash import peaked of 42M tonnes in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.

In value terms, potash imports amounted to $13B in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total imports value increased at an average annual rate of +0.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, potash imports decreased by -41.2% against its level of 2011. Over the period under review, global potash imports reached its maximum level of $22B in 2011- however, from 2012 to 2016, it failed to regain its strength.

Top Potash Importing Countries in the World

1. Brazil (2,029.1 million USD)

2. China (1,760.7 million USD)

3. India (1,015.5 million USD)

4. Indonesia (707.8 million USD)

5. Malaysia (456.1 million USD)

6. Belgium (373.5 million USD)

7. Viet Nam (296.5 million USD)

8. Netherlands (295.5 million USD)

9. France (256.4 million USD)

10. Poland (252.4 million USD)

11. Thailand (233.0 million USD)

12. Bangladesh (155.8 million USD)

Potash Imports By Country

In 2016, Brazil (8.8M tonnes), and China (7M tonnes) represented the key importers of potash in the globe, together creating 40% of total imports. India (3.8M tonnes) ranks second globally in potash imports with a 10% share, following Indonesia (7%). Malaysia (1.7M tonnes), the Netherlands (1.1M tonnes), Viet Nam (1M tonnes), Poland (964K tonnes), France (843K tonnes), Thailand (772K tonnes), Belgium (771K tonnes), and Bangladesh (669K tonnes) occupied the minor share of total imports.

From 2007 to 2016, the most notable growth rate of potash imports, among the main importing countries, was attained by the Netherlands (+14.4% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($2B), China ($1.8B) and India ($1B) constituted the countries with the highest levels of imports in 2016, with a combined 37% share of global imports. These countries were followed by Indonesia, Malaysia, Belgium, Viet Nam, the Netherlands, France, Poland, Thailand and Bangladesh, which together accounted for a further 24%.

The Netherlands (+9.6% per year) had the highest rates of growth with regard to the potash imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Potash Import Prices By Country

In 2016, the average import price for potash amounted to $327 per tonne, coming down by -22.1% against the previous year. In general, potash import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when import price increased by 89% y-o-y. Global potash import peaked of $602 per tonne in 2012- however, from 2013 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was Belgium ($485 per tonne), while Brazil ($230 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of potash import prices was attained by Bangladesh (+2.7% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global potash market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• potash market share
• potash prices
• potash industry
• potash sales
• potash import
• potash export
• potash market forecast
• potash price forecast
• key potash producers

All data provided in this article covers the following product: HS Code 3104 - Fertilizers- mineral or chemical, potassic.

Source: World: Crude Potash Salts (K2O Content) - Market Report. Analysis and Forecast to 2025