World - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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Potassium sulphate market: read new information secured by an Ai-driven BI tool. Datasets include trade, companies, market size, exports, market prices, imports, production, and consumption. Here is a breakdown by country, including Africa, Latin America, Russia, EU, the U.K., China, the U.S., and the Middle East. Market trends and forecast to 2030 are also provided in the dashboards.
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Potassium Sulphate - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | India |
| 3 | United States |
| 4 | Finland |
| 5 | Germany |
In value terms, the largest potassium sulphate (sop) markets worldwide were China, India and the United States, with a combined 30% share of the global market. Finland, Germany, Turkey, France, Saudi Arabia, South Africa, Pakistan, Canada, Russia and Indonesia lagged somewhat behind, together accounting for a further 28%.
In terms of the main consuming countries, Pakistan saw the highest growth rate of market size, over the period under review, while potassium sulphate (sop) market for the other global leaders experienced more modest paces of growth.
Potassium Sulphate (SOP) Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Russia | 335 | 302 | 352 | 2.5% |
| Sweden | 392 | 389 | 426 | 4.2% |
| Taiwan (Chinese) | 460 | 468 | 464 | 0.4% |
| Germany | 479 | n/a | 479 | 0.0% |
| China | 495 | 465 | 480 | -1.5% |
| Belgium | 534 | n/a | 534 | 0.0% |
| Egypt | 543 | 527 | 598 | 4.9% |
| Average | 482 | 470 | 492 | 1.0% |
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Egypt ($598 per ton), while Russia ($352 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Egypt, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Mexico | 504 | 528 | 593 | 8.5% |
| Iran | 605 | 459 | 562 | -3.6% |
| United States | 607 | 564 | 544 | -5.3% |
| Japan | 520 | 472 | 536 | 1.5% |
| Peru | 535 | 451 | 491 | -4.2% |
| Pakistan | 473 | 423 | 489 | 1.7% |
| Spain | 468 | 466 | 481 | 1.4% |
| France | 447 | 451 | 470 | 2.5% |
| Netherlands | 472 | 426 | 461 | -1.2% |
| Belgium | 444 | 416 | 437 | -0.8% |
| South Africa | 470 | 431 | 380 | -10.1% |
| China | 380 | 356 | 367 | -1.7% |
| Norway | 326 | 342 | 335 | 1.4% |
| Average | 497 | 462 | 495 | -0.2% |
Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($593 per ton), while Norway ($335 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.
Potassium Sulphate (SOP) - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| million USD | ||||
| United States | 45 | 49 | 71 | 25.3% |
| Belgium | 97 | 108 | 71 | -14.5% |
| Pakistan | 26 | 25 | 65 | 56.7% |
| South Africa | 36 | 27 | 59 | 28.3% |
| France | 35 | 43 | 51 | 20.7% |
In value terms, the largest potassium sulphate (sop) importing markets worldwide were the United States ($71M), Belgium ($71M) and Pakistan ($65M), together accounting for 19% of global imports.
Pakistan (+56.7% per year) recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Potassium Sulphate (SOP) - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| million USD | ||||
| China | 11 | 27 | 447 | 536.5% |
| Germany | 285 | n/a | 143 | -29.3% |
| Belgium | 163 | n/a | 82 | -29.3% |
| Egypt | 14 | 21 | 81 | 136.6% |
| Taiwan (Chinese) | 74 | 77 | 76 | 1.1% |
In value terms, China ($447M) emerged as the largest potassium sulphate (sop) supplier worldwide, comprising 41% of global exports. The second position in the ranking was occupied by Germany ($143M), with a 13% share of global exports. It was followed by Belgium, with a 7.5% share.
In China, potassium sulphate (sop) exports increased at an average annual rate of +536.5% over the period from 2019-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-29.3% per year) and Belgium (-29.3% per year).
Potassium Sulphate (SOP) - Market Forecast
Depressed by shrinking demand for potassium sulphate (sop) worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.
Potassium Sulphate - Product Coverage
- HS 310430 - Fertilizers, mineral or chemical; potassic, potassium sulphate
This report provides an in-depth analysis of the global potassium sulphate (sop) market. 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 4017 - Potassium sulphate (sulphate of potash) (SOP)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
409
This report provides an in-depth analysis of the global potassium sulphate (sop) market.
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Explore the top import markets for Potassium Chloride (MOP) in the world. Brazil, United States, China, and more lead the market. Key statistics and numbers provided.
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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.
