Sri Lanka - Potassic Fertilizers (Mineral And Chemical) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPotassic Fertilizer Price in Sri Lanka - 2021
Contents:
- Potassic Fertilizer Price in Sri Lanka (CIF) - 2022
- Potassic Fertilizer Price in Sri Lanka (FOB) - 2022
- Potassic Fertilizer Imports in Sri Lanka
- Potassic Fertilizer Exports in Sri Lanka
Potassic Fertilizer Price in Sri Lanka (CIF) - 2022
The average potassic fertilizer import price stood at $1,139 per ton in 2022, jumping by 199% against the previous year. Overall, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +1.2% per year.
Potassic Fertilizer Price in Sri Lanka (FOB) - 2022
In 2022, the average potassic fertilizer export price amounted to $7,370 per ton, approximately equating the previous year. In general, the export price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 72%. As a result, the export price reached the peak level of $7,425 per ton, leveling off in the following year.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +31.6% per year.
Potassic Fertilizer Imports in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in supplies from abroad of potassic fertilizers, which decreased by -35.4% to 42K tons in 2022. Over the period under review, imports continue to indicate a significant curtailment. The smallest decline of -8.7% was in 2020.
In value terms, potassic fertilizer imports soared to $48M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, 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.
| Import of Potassic Fertilizer in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 47.9 | 0% |
| Russia | 6.1 | 4.4 | 2.8 | N/A | -32.2% |
| Vietnam | 4.6 | 5.6 | 4.1 | N/A | -5.6% |
| Lithuania | 5.3 | 8.2 | 4.8 | N/A | -4.8% |
| Belarus | 6.1 | 6.1 | 8.2 | N/A | 15.9% |
| Israel | 6.4 | 3.8 | 2.8 | N/A | -33.9% |
| Ukraine | 1.5 | 1.2 | 0.6 | N/A | -36.8% |
| Others | 2.8 | 1.9 | 1.6 | 0.3 | -52.5% |
| Total | 32.9 | 31.1 | 24.9 | 48.1 | 13.5% |
Top Suppliers of Potassic Fertilizer to Sri Lanka in 2022:
- Canada (41.9K tons)
Potassic Fertilizer Exports in Sri Lanka
In 2022, shipments abroad of potassic fertilizers decreased by -48% to 806 kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,702%. As a result, the exports attained the peak of 1.6 tons, and then fell notably in the following year.
In value terms, potassic fertilizer exports fell sharply to $5.9K in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 2,994% against the previous year. As a result, the exports attained the peak of $12K, and then declined remarkably in the following year.
| Export of Potassic Fertilizer in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Maldives | 0.3 | 11.5 | 5.9 | 343.5% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 0.4 | 11.5 | 5.9 | 284.1% | |
Top Export Markets for Potassic Fertilizer from Sri Lanka in 2022:
- Maldives (804.0 kg)
This report provides an in-depth analysis of the potassic fertilizer market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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
370
This report provides an in-depth analysis of the potassic fertilizer market in Sri Lanka.
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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 Sri Lanka.
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This report provides an in-depth analysis of the potassium chloride (mop) market in Sri Lanka.
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This report provides an in-depth analysis of the potassium sulphate (sop) market in Sri Lanka.
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This report provides an in-depth analysis of the global potassic fertilizer market.
2053
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.
1146
This report provides an in-depth analysis of the global potassium chloride (mop) market.
418
This report provides an in-depth analysis of the global potassium sulphate (sop) market.
370
This report provides an in-depth analysis of the potassic fertilizer market in Sri Lanka.
453
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 Sri Lanka.
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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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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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