Republic of Korea - Potassic Fertilizers (Mineral And Chemical) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPotassic Fertilizer Price in South Korea - 2022
Contents:
- Potassic Fertilizer Price in South Korea (CIF) - 2022
- Potassic Fertilizer Price in South Korea (FOB) - 2022
- Potassic Fertilizer Imports in South Korea
- Potassic Fertilizer Exports in South Korea
Potassic Fertilizer Price in South Korea (CIF) - 2022
The average potassic fertilizer import price stood at $314 per ton in 2022, falling by -2.2% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 9.6% against the previous year. Over the period under review, average import prices reached the peak figure at $542 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Lao People's Democratic Republic ($778 per ton), while the price for Israel ($276 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Potassic Fertilizer Price in South Korea (FOB) - 2022
In 2022, the average potassic fertilizer export price amounted to $945 per ton, increasing by 73% against the previous year. Overall, the export price showed a notable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($986 per ton) and Japan ($952 per ton), while the average price for exports to Thailand ($826 per ton) and India ($857 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Potassic Fertilizer Imports in South Korea
In 2022, approx. 1.7M tons of potassic fertilizers were imported into South Korea; with an increase of 109% compared with the previous year's figure. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, potassic fertilizer imports surged to $518M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Potassic Fertilizer in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 150 | 134 | 151 | 381 | 36.4% |
| Israel | 15.4 | 22.6 | 11.4 | 77.4 | 71.3% |
| Lao People's Democratic Republic | 6.0 | 5.3 | 2.9 | 28.2 | 67.5% |
| Russia | 4.2 | 8.9 | 8.5 | 13.6 | 47.9% |
| Belarus | 47.2 | 29.3 | 65.5 | N/A | 17.8% |
| Others | 11.0 | 10.5 | 14.0 | 17.7 | 17.2% |
| Total | 234 | 210 | 253 | 518 | 30.3% |
Top Suppliers of Potassic Fertilizer to South Korea in 2022:
- Canada (1294.8K tons)
- Israel (280.4K tons)
- Lao People's Democratic Republic (36.2K tons)
- Russia (20.6K tons)
Potassic Fertilizer Exports in South Korea
In 2022, overseas shipments of potassic fertilizers decreased by -1.3% to 16K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 29%. As a result, the exports reached the peak of 19K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, potassic fertilizer exports surged to $15M in 2022. In general, exports, however, enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Potassic Fertilizer in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.8 | 3.5 | 2.8 | 7.4 | 24.9% |
| Australia | 0.9 | 0.5 | 2.4 | 2.8 | 46.0% |
| Indonesia | 0.5 | 0.5 | 0.8 | 1.9 | 56.0% |
| Vietnam | 0.6 | 0.7 | 1.4 | 1.4 | 32.6% |
| India | N/A | 0.3 | 0.1 | 0.5 | 29.1% |
| Pakistan | 0.5 | 1.5 | 0.5 | 0.4 | -7.2% |
| Thailand | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| United Arab Emirates | 0.4 | 0.3 | 0.4 | 0.2 | -20.6% |
| Others | 0.1 | 0.3 | 0.6 | 0.4 | 58.7% |
| Total | 7.0 | 7.7 | 9.1 | 15.5 | 30.3% |
Top Export Markets for Potassic Fertilizer from South Korea in 2022:
- Japan (7.8K tons)
- Australia (2.9K tons)
- Indonesia (2.0K tons)
- Vietnam (1.5K tons)
- Pakistan (0.5K tons)
- India (0.5K tons)
- Thailand (0.5K tons)
- United Arab Emirates (0.3K tons)
This report provides an in-depth analysis of the potassic fertilizer market in Republic of Korea. 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 4016 - Potassium chloride (muriate of potash) (MOP)
- FCL 4017 - Potassium sulphate (sulphate of potash) (SOP)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
396
This report provides an in-depth analysis of the potassic fertilizer market in Republic of Korea.
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This report provides an in-depth analysis of the market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Republic of Korea.
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This report provides an in-depth analysis of the potassium chloride (mop) market in Republic of Korea.
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This report provides an in-depth analysis of the potassium sulphate (sop) market in Republic of Korea.
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This report provides an in-depth analysis of the global potassic fertilizer market.
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This report provides an in-depth analysis of the global market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers.
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This report provides an in-depth analysis of the global potassium chloride (mop) market.
415
This report provides an in-depth analysis of the global potassium sulphate (sop) market.
396
This report provides an in-depth analysis of the potassic fertilizer market in Republic of Korea.
412
This report provides an in-depth analysis of the market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Republic of Korea.
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A prolonged price rally is expected in the potassium chloride (MOP) market owing to anticipated supply chain disruptions after the U.S., the UK, Canada and EU countries have imposed sanctions on a major potassium chloride supplier, Belarus Potash Company (BPC). Limited exports from Canada will be another factor instigating price growth. MOP prices have already started to rise in Brazil due to supply delays. The average annual MOP price is projected to surge by 55% y-o-y to near $325 per ton in 2022.
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Explore the top import markets for potassic fertilizer and their key statistics. Learn about the leading countries, emerging markets, and the importance of potassic fertilizer in maximizing crop yields.
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In value terms, animal and vegetable fertilizers imports stood at $X in 2016. Overall, it indicated a prominent expansion from 2007 to 2016: the total imports value increased at an average annual r...
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