Potassium Nitrate Market

Potassium nitrate market: find the most recent data featured by an Ai-driven business intelligence tool. Data cover consumption, companies, exports, market prices, imports, trade, market size, and production. Here is a breakdown by country, including Russia, the U.S., EU, Africa, the U.K., the Middle East, China, and Latin America. Market trends and forecast to 2030 are also provided in the dashboards.

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Potassium Nitrate - World's Largest Markets

In value terms, the largest potassium nitrate markets worldwide were Israel, Spain and Chile, together comprising 42% of the global market.

Chile (+94.1% per year) recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while potassium nitrate market for the other global leaders experienced more modest paces of growth.

Potassium Nitrate Prices

Potassium Nitrate - Top Importers

In value terms, the largest potassium nitrate importing markets worldwide were Spain ($135M), the Netherlands ($117M) and the United States ($48M), together accounting for 38% of global imports. Italy, Turkey, Belgium, Peru, Morocco, South Africa, Australia, India, Greece and France lagged somewhat behind, together accounting for a further 33%.

Australia (+61.9% per year) saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Potassium Nitrate - Top Exporters

In value terms, Chile ($296M) remains the largest potassium nitrate supplier worldwide, comprising 37% of global exports. The second position in the ranking was occupied by Israel ($115M), with a 14% share of global exports. It was followed by Jordan, with a 12% share.

From 2018 to 2020, the average annual rate of growth in terms of value in Chile amounted to -10.3%. In the other countries, the average annual rates were as follows: Israel (+13.6% per year) and Jordan (+9.1% per year).

Potassium Nitrate - Market Forecast

Driven by rising demand for potassium nitrate worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Potassium Nitrate - Product Coverage

• HS 283421 - Nitrates; of potassium

Source: IndexBox Market Intelligence Platform