Russian Federation - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in Russia - 2022
Contents:
- Potassium Sulphate (SOP) Price in Russia (FOB) - 2022
- Potassium Sulphate (SOP) Price in Russia (CIF) - 2022
- Potassium Sulphate (SOP) Exports in Russia
- Potassium Sulphate (SOP) Imports in Russia
Potassium Sulphate (SOP) Price in Russia (FOB) - 2022
In January 2022, the average potassium sulphate (SOP) export price amounted to $459 per ton, approximately reflecting the previous month. In general, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in November 2021 when the average export price increased by 64% against the previous month. As a result, the export price attained the peak level of $681 per ton. From December 2021 to January 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Turkey ($789 per ton), while the average price for exports to Kazakhstan ($403 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Potassium Sulphate (SOP) Price in Russia (CIF) - 2022
In January 2022, the average potassium sulphate (SOP) import price amounted to $920 per ton, growing by 6.3% against the previous month. In general, import price indicated a moderate expansion from January 2021 to January 2022: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, potassium sulphate (SOP) import price increased by +53.1% against July 2021 indices. The pace of growth appeared the most rapid in February 2021 an increase of 16% against the previous month. Over the period under review, average import prices hit record highs in January 2022.
Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was Sweden ($978 per ton), while the price for Belgium stood at $909 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.4%).
Potassium Sulphate (SOP) Exports in Russia
In 2022, after three years of growth, there was significant decline in overseas shipments of potassium sulphate (SOP), when their volume decreased by -12.5% to 59K tons. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15%. As a result, the exports attained the peak of 67K tons, and then fell in the following year.
In value terms, potassium sulphate (SOP) exports reduced to $20M in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports reached the peak of $23M, and then shrank in the following year.
| Export of Potassium Sulphate (SOP) in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.2 | 7.5 | 13.0 | 15.3 | 11.0% |
| Turkey | 0.1 | 0.1 | 0.3 | 2.2 | 180.2% |
| Kazakhstan | 0.3 | 0.3 | 0.8 | 1.8 | 81.7% |
| Mauritius | N/A | N/A | N/A | 0.8 | 0% |
| Spain | 1.6 | 2.2 | 2.3 | N/A | 19.9% |
| Greece | 1.1 | 2.4 | 1.2 | N/A | 4.4% |
| Serbia | 1.4 | 0.4 | N/A | N/A | -71.4% |
| Others | 3.5 | 4.7 | 5.8 | 0.4 | -51.5% |
| Total | 19.1 | 17.7 | 23.3 | 20.5 | 2.4% |
Top Export Markets for Potassium Sulphate (SOP) from Russia in 2022:
- China (50.7K tons)
- Turkey (3.8K tons)
- Kazakhstan (2.8K tons)
- Mauritius (0.9K tons)
Potassium Sulphate (SOP) Imports in Russia
In 2022, imports of potassium sulphate (SOP) into Russia dropped modestly to 16K tons, waning by -2.2% on the previous year. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 4.5%.
In value terms, potassium sulphate (SOP) imports shrank to $9.9M in 2022. Over the period under review, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 21%.
| Import of Potassium Sulphate (SOP) in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 6.4 | 5.8 | 8.1 | 8.3 | 9.1% |
| Sweden | 3.2 | 2.6 | 2.8 | 1.6 | -20.6% |
| Taiwan (Chinese) | 1.5 | 0.3 | N/A | N/A | -80.0% |
| Others | 0.2 | 0.3 | N/A | N/A | 50.0% |
| Total | 11.4 | 9.0 | 10.9 | 9.9 | -4.6% |
Top Suppliers of Potassium Sulphate (SOP) to Russia in 2022:
- Belgium (13.9K tons)
- Sweden (2.5K tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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
-
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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