China - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in China - 2023
Contents:
- Potassium Sulphate (SOP) Price in China (FOB) - 2023
- Potassium Sulphate (SOP) Price in China (CIF) - 2022
- Potassium Sulphate (SOP) Exports in China
- Potassium Sulphate (SOP) Imports in China
Potassium Sulphate (SOP) Price in China (FOB) - 2023
The average potassium sulphate (SOP) export price stood at $565 per ton in June 2023, declining by -5.7% against the previous month. In general, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 41% month-to-month. As a result, the export price reached the peak level of $936 per ton. From December 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the highest price was recorded for prices to Myanmar ($697 per ton) and Peru ($613 per ton), while the average price for exports to India ($518 per ton) and Ecuador ($527 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+0.6%), while the prices for the other major destinations experienced a decline.
Potassium Sulphate (SOP) Price in China (CIF) - 2022
The average potassium sulphate (SOP) import price stood at $615 per ton in 2022, picking up by 45% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) import price increased by +72.9% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($1,009 per ton), while the price for Uzbekistan ($480 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Sulphate (SOP) Exports in China
In 2022, shipments abroad of potassium sulphate (SOP) decreased by -64.5% to 79K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a significant decrease. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 375K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, potassium sulphate (SOP) exports declined sharply to $56M in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The smallest decline of -6.5% was in 2020.
Export of Potassium Sulphate (SOP) in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 12.6 | 23.0 | 21.0 | 16.6 | 9.6% |
Peru | 8.3 | 19.0 | 19.4 | 13.1 | 16.4% |
Japan | 4.7 | 5.5 | 9.5 | 2.9 | -14.9% |
Brazil | 0.5 | 2.3 | 1.2 | 2.8 | 77.6% |
Pakistan | 5.7 | 2.8 | 3.6 | 2.7 | -22.0% |
South Africa | 12.8 | 11.6 | 12.5 | 2.7 | -40.5% |
India | 6.4 | 4.6 | 1.4 | 2.7 | -25.0% |
Ecuador | 2.6 | 3.7 | 2.2 | 2.3 | -4.0% |
Chile | 10.1 | 9.6 | 9.1 | 2.1 | -40.8% |
New Zealand | 1.0 | 1.9 | 0.8 | 1.6 | 17.0% |
Colombia | 0.6 | 2.2 | 2.7 | 1.2 | 26.0% |
Honduras | 0.4 | 0.7 | 0.1 | 1.1 | 40.1% |
Mozambique | N/A | 0.8 | 4.7 | 0.8 | 0.0% |
Others | 98.6 | 65.9 | 27.5 | 3.8 | -66.2% |
Total | 164 | 154 | 116 | 56.4 | -29.9% |
Top Export Markets for Potassium Sulphate (SOP) from China in 2022:
- Mexico (22.7K tons)
- Peru (17.1K tons)
- Brazil (4.1K tons)
- India (4.0K tons)
- Pakistan (3.9K tons)
- South Africa (3.7K tons)
- Japan (3.7K tons)
- Ecuador (3.3K tons)
- Chile (2.7K tons)
- New Zealand (2.1K tons)
- Honduras (1.7K tons)
- Colombia (1.7K tons)
- Mozambique (1.2K tons)
Potassium Sulphate (SOP) Imports in China
In 2022, supplies from abroad of potassium sulphate (SOP) decreased by -25.1% to 39K tons, falling for the second consecutive year after two years of growth. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of 75K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, potassium sulphate (SOP) imports reached $24M in 2022. Over the period under review, imports recorded a slight setback.
Import of Potassium Sulphate (SOP) in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 10.5 | 11.2 | 10.6 | 12.5 | 6.0% |
Germany | 8.0 | 10.0 | 1.3 | 3.3 | -25.6% |
Sweden | 1.6 | 1.2 | 1.6 | 0.7 | -24.1% |
Vietnam | 1.0 | 0.6 | 0.5 | 0.7 | -11.2% |
Uzbekistan | N/A | N/A | 2.7 | 0.5 | -81.5% |
Belgium | 1.9 | 1.5 | 1.0 | 0.3 | -46.0% |
Democratic People's Republic of Korea | 1.2 | N/A | N/A | N/A | 0% |
Others | 0.8 | 2.3 | 4.0 | 5.7 | 92.4% |
Total | 24.9 | 26.8 | 21.8 | 23.7 | -1.6% |
Top Suppliers of Potassium Sulphate (SOP) to China in 2022:
- Russia (23.2K tons)
- Germany (5.0K tons)
- Uzbekistan (1.1K tons)
- Sweden (0.7K tons)
- Vietnam (0.7K tons)
- Belgium (0.3K tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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This report provides an in-depth analysis of the potassium sulphate (sop) market in China.
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 China.
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