Carbonates; Potassium Carbonate Price in the United States - 2023
Contents:
- Carbonates; Potassium Carbonate Price in the United States (FOB) - 2023
- Carbonates; Potassium Carbonate Price in the United States (CIF) - 2022
- Carbonates; Potassium Carbonate Exports in the United States
- Carbonates; Potassium Carbonate Imports in the United States
Carbonates; Potassium Carbonate Price in the United States (FOB) - 2023
In August 2023, the average carbonates; potassium carbonate export price amounted to $1,145 per ton, which is down by -5.4% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 43% against the previous month. The export price peaked at $1,528 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Egypt ($6,635 per ton), while the average price for exports to Ireland ($529 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.
Carbonates; Potassium Carbonate Price in the United States (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $880 per ton in 2022, declining by -3.7% against the previous year. Overall, the import price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 22%. Over the period under review, average import prices reached the maximum at $1,373 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($2,340 per ton), while the price for South Korea ($727 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+85.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Carbonates; Potassium Carbonate Exports in the United States
Carbonates; potassium carbonate exports from the United States surged to 29K tons in 2022, jumping by 29% compared with the previous year's figure. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, carbonates; potassium carbonate exports surged to $32M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Carbonates; Potassium Carbonate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.9 | 3.4 | 4.9 | 8.9 | 31.7% |
| Mexico | 1.9 | 1.3 | 1.4 | 4.0 | 28.2% |
| Japan | 0.5 | 0.4 | 0.8 | 2.4 | 68.7% |
| Israel | 0.7 | 0.8 | 1.0 | 2.3 | 48.7% |
| South Korea | 0.9 | 1.2 | 1.0 | 1.7 | 23.6% |
| India | 0.8 | 0.8 | 1.4 | 1.5 | 23.3% |
| Singapore | 0.8 | 0.6 | 0.4 | 1.3 | 17.6% |
| France | 0.2 | 0.2 | 0.8 | 1.3 | 86.6% |
| Brazil | 0.3 | 0.3 | 0.3 | 1.0 | 49.4% |
| Chile | 0.1 | 0.2 | 0.9 | 1.0 | 115.4% |
| Spain | 0.3 | N/A | 0.4 | 0.9 | 44.2% |
| China | 0.8 | 0.5 | 0.9 | 0.7 | -4.4% |
| Ireland | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Others | 4.6 | 4.9 | 5.1 | 4.4 | -1.5% |
| Total | 15.9 | 14.6 | 19.6 | 31.8 | 26.0% |
Top Export Markets for Carbonates; Potassium Carbonate from the United States in 2022:
- Canada (6.5K tons)
- Mexico (2.8K tons)
- France (2.4K tons)
- Japan (2.2K tons)
- Israel (2.1K tons)
- India (1.6K tons)
- South Korea (1.6K tons)
- Singapore (1.2K tons)
- Brazil (0.9K tons)
- Chile (0.9K tons)
- China (0.8K tons)
- Ireland (0.8K tons)
- Spain (0.8K tons)
Carbonates; Potassium Carbonate Imports in the United States
In 2022, imports of carbonates; potassium carbonates into the United States rose significantly to 20K tons, increasing by 13% against the previous year. Overall, imports, however, continue to indicate a pronounced slump.
In value terms, carbonates; potassium carbonate imports stood at $17M in 2022. Over the period under review, imports, however, recorded a deep downturn.
| Import of Carbonates; Potassium Carbonate in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 12.8 | 11.1 | 6.4 | 11.1 | -4.6% |
| Germany | 5.9 | 3.2 | 4.3 | 2.0 | -30.3% |
| Taiwan (Chinese) | 2.2 | 2.7 | 2.5 | 1.9 | -4.8% |
| China | 0.8 | 1.0 | 0.8 | 0.6 | -9.1% |
| Others | 2.1 | 1.9 | 1.9 | 1.8 | -5.0% |
| Total | 23.8 | 19.9 | 15.9 | 17.4 | -9.9% |
Top Suppliers of Carbonates; Potassium Carbonate to the United States in 2022:
- South Korea (15.2K tons)
- Taiwan (Chinese) (1.8K tons)
- Germany (1.6K tons)
- China (0.5K tons)
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