U.S. - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Prices in the United States
U.S. Potassium Sulphate (SOP) Import Price per Ton in May 2022
In May 2022, the potassium sulphate (sop) price per ton stood at $637.3 (CIF, US), increasing by 15% against the previous month. In general, import price indicated resilient growth from January 2022 to May 2022: its price increased at an average monthly rate of +6.6% over the last four-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2022 figures, potassium sulphate (SOP) import price decreased by -26.7% against March 2022 indices. The pace of growth was the most pronounced in March 2022 when the average import price increased by 38% m-o-m. As a result, import price attained the peak level of $869.6 per ton. From April 2022 to May 2022, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($1.5K per ton), while the price for Germany ($546.0 per ton) was amongst the lowest.
From January 2022 to May 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Potassium Sulphate (SOP) Imports
In August 2022, supplies from abroad of potassium sulphate (SOP) decreased by -24.1% to 2.5K tons, falling for the fourth consecutive month after two months of growth. In general, imports recorded a sharp slump. The pace of growth was the most pronounced in April 2022 when imports increased by 158% against the previous month. As a result, imports attained the peak of 26K tons. From May 2022 to August 2022, the growth of imports remained at a lower figure.
In value terms, potassium sulphate (SOP) imports plummeted to $2.4M (IndexBox estimates) in August 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in March 2022 when imports increased by 82% m-o-m.
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U.S. Potassium Sulphate (SOP) Imports by Country
In May 2022, Germany (11K tons) constituted the largest potassium sulphate (SOP) supplier to the United States, accounting for a 75% share of total imports. Moreover, potassium sulphate (SOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Canada (3.4K tons), threefold.
From January 2022 to May 2022, the average monthly rate of growth in terms of volume from Germany totaled +3.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (-1.6% per month) and Belgium (+7.1% per month).
In value terms, Germany ($6M) constituted the largest supplier of potassium sulphate (SOP) to the United States, comprising 64% of total imports. The second position in the ranking was taken by Canada ($3M), with a 32% share of total imports.
From January 2022 to May 2022, the average monthly growth rate of value from Germany totaled +9.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+7.0% per month) and Belgium (+18.8% per month).
This report provides an in-depth analysis of the potassium sulphate (sop) market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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