Chile - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPotassium Chloride (MOP) Price in Chile - 2023
Contents:
- Potassium Chloride (MOP) Price in Chile (FOB) - 2023
- Potassium Chloride (MOP) Price in Chile (CIF) - 2022
- Potassium Chloride (MOP) Exports in Chile
- Potassium Chloride (MOP) Imports in Chile
Potassium Chloride (MOP) Price in Chile (FOB) - 2023
In September 2023, the average potassium chloride (MOP) export price amounted to $292 per ton, with an increase of 1.9% against the previous month. In general, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 14% against the previous month. The export price peaked at $753 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From September 2022 to September 2023, the rate of growth in terms of prices for Spain amounted to -5.8% per month.
Potassium Chloride (MOP) Price in Chile (CIF) - 2022
The average potassium chloride (MOP) import price stood at $380 per ton in 2022, with an increase of 11% against the previous year. Overall, the import price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 15%. The import price peaked at $536 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,088 per ton), while the price for Canada ($313 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Chloride (MOP) Exports in Chile
In 2022, the amount of potassium chloride (MOP) exported from Chile soared to 1.7M tons, with an increase of 72% compared with the previous year. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 112% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, potassium chloride (MOP) exports skyrocketed to $446M in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 106%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Potassium Chloride (MOP) in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 24.3 | 37.8 | 130 | 197 | 100.9% |
| South Africa | 27.5 | 17.6 | 37.2 | 99.9 | 53.7% |
| Mexico | 19.9 | 10.8 | 21.1 | 41.4 | 27.7% |
| Ecuador | 10.8 | 12.2 | 13.0 | 36.8 | 50.5% |
| Colombia | 4.2 | 6.2 | 5.6 | 29.6 | 91.7% |
| Netherlands | 8.6 | 12.6 | 7.0 | 13.8 | 17.1% |
| United States | 2.2 | N/A | 3.4 | 10.2 | 66.7% |
| Others | 6.4 | 13.5 | 11.4 | 16.4 | 36.8% |
| Total | 104 | 111 | 228 | 446 | 62.5% |
Top Export Markets for Potassium Chloride (MOP) from Chile in 2022:
- Brazil (1042.8K tons)
- South Africa (264.3K tons)
- Mexico (152.6K tons)
- Netherlands (67.2K tons)
- Ecuador (50.8K tons)
- United States (42.5K tons)
- Colombia (41.2K tons)
Potassium Chloride (MOP) Imports in Chile
In 2022, approx. 64K tons of potassium chloride (MOP) were imported into Chile; rising by 26% on the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.0% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 46%. As a result, imports attained the peak of 73K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, potassium chloride (MOP) imports skyrocketed to $24M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Potassium Chloride (MOP) in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 12.7 | 17.1 | 6.9 | 15.7 | 7.3% |
| Bolivia | 2.7 | 0.9 | 5.9 | 6.0 | 30.5% |
| Germany | 1.7 | 0.8 | 1.4 | 1.7 | 0.0% |
| Belarus | N/A | 1.9 | 0.9 | N/A | -52.6% |
| Others | 0.9 | 1.0 | 2.3 | 1.0 | 3.6% |
| Total | 18.1 | 21.7 | 17.4 | 24.3 | 10.3% |
Top Suppliers of Potassium Chloride (MOP) to Chile in 2022:
- Canada (50.1K tons)
- Bolivia (11.3K tons)
- Germany (1.7K tons)
This report provides an in-depth analysis of the potassium chloride (mop) market in Chile. 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)
Country coverage:
- Chile
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Chile
- 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
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1458
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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