Carbonates; Potassium Carbonate Price in the UK - 2023
Contents:
- Carbonates; Potassium Carbonate Price in the UK (CIF) - 2022
- Carbonates; Potassium Carbonate Price in the UK (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in the UK
- Carbonates; Potassium Carbonate Exports in the UK
Carbonates; Potassium Carbonate Price in the UK (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $2,245 per ton in 2022, picking up by 48% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate import price increased by +71.6% against 2019 indices. As a result, import 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Ireland ($3,870 per ton), while the price for Italy ($1,098 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Price in the UK (FOB) - 2022
The average carbonates; potassium carbonate export price stood at $2,791 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $2,808 per ton; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($3,712 per ton), while the average price for exports to Algeria ($1,569 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 Italy (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Carbonates; Potassium Carbonate Imports in the UK
In 2022, overseas purchases of carbonates; potassium carbonates were finally on the rise to reach 10K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced shrinkage.
In value terms, carbonates; potassium carbonate imports soared to $23M in 2022. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.2 | 6.3 | 4.7 | 9.5 | 15.3% |
| Germany | 3.0 | 1.9 | 1.9 | 5.1 | 19.3% |
| China | 2.0 | 2.0 | 2.8 | 3.0 | 14.5% |
| South Korea | 1.2 | 1.1 | 0.9 | 2.5 | 27.7% |
| Italy | 0.5 | 0.5 | 0.5 | 1.4 | 40.9% |
| Ireland | 0.6 | 0.4 | 0.5 | 0.8 | 10.1% |
| United States | 0.6 | 1.2 | 0.2 | 0.3 | -20.6% |
| Others | 0.1 | 0.5 | 0.2 | 0.2 | 26.0% |
| Total | 14.2 | 13.8 | 11.7 | 22.8 | 17.1% |
Top Suppliers of Carbonates; Potassium Carbonate to the UK in 2022:
- France (3.3K tons)
- Germany (2.0K tons)
- China (1.7K tons)
- South Korea (1.4K tons)
- Italy (1.3K tons)
- United States (0.2K tons)
- Ireland (0.2K tons)
Carbonates; Potassium Carbonate Exports in the UK
In 2022, the amount of carbonates; potassium carbonates exported from the UK dropped significantly to 645 tons, falling by -24.5% on the previous year's figure. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 11%.
In value terms, carbonates; potassium carbonate exports contracted dramatically to $1.8M in 2022. Over the period under review, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 9.1% against the previous year. As a result, the exports reached the peak of $2.3M, and then declined notably in the following year.
| Export of Carbonates; Potassium Carbonate in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 613 | 535 | 290 | 399 | -13.3% |
| Australia | 140 | 234 | 548 | 370 | 38.3% |
| Italy | 10.4 | 211 | 190 | 323 | 214.3% |
| Ireland | 240 | 68.0 | 53.5 | 205 | -5.1% |
| France | 67.4 | 17.1 | 29.8 | 87.3 | 9.0% |
| Pakistan | 29.4 | 23.5 | 38.8 | 73.3 | 35.6% |
| New Zealand | 30.5 | 28.1 | 72.5 | 58.6 | 24.3% |
| Germany | 279 | 439 | 542 | 56.3 | -41.3% |
| Peru | 208 | 287 | 230 | 52.5 | -36.8% |
| Netherlands | 134 | 46.9 | 36.2 | 46.5 | -29.7% |
| Norway | N/A | 10.4 | 36.5 | 33.1 | 78.4% |
| Algeria | N/A | N/A | N/A | 23.1 | 0% |
| Sweden | 112 | 59.6 | 4.6 | 14.0 | -50.0% |
| Others | 231 | 193 | 279 | 58.5 | -36.7% |
| Total | 2,094 | 2,153 | 2,350 | 1,800 | -4.9% |
Top Export Markets for Carbonates; Potassium Carbonate from the UK in 2022:
- United States (125.4 tons)
- Australia (123.9 tons)
- Ireland (120.8 tons)
- Italy (87.0 tons)
- France (36.1 tons)
- Pakistan (25.9 tons)
- New Zealand (21.0 tons)
- Peru (20.0 tons)
- Germany (18.0 tons)
- Norway (16.5 tons)
- Algeria (14.8 tons)
- Netherlands (14.2 tons)
- Sweden (3.6 tons)
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