Saudi Arabia - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in Saudi Arabia - 2021
Contents:
- Potassium Sulphate (SOP) Price in Saudi Arabia (FOB) - 2022
- Potassium Sulphate (SOP) Price in Saudi Arabia (CIF) - 2022
- Potassium Sulphate (SOP) Exports in Saudi Arabia
- Potassium Sulphate (SOP) Imports in Saudi Arabia
Potassium Sulphate (SOP) Price in Saudi Arabia (FOB) - 2022
In 2022, the average potassium sulphate (SOP) export price amounted to $611 per ton, declining by -18% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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) export price increased by +34.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 64%. As a result, the export price attained the peak level of $745 per ton, and then declined remarkably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($619 per ton), while the average price for exports to Sudan stood at $604 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Potassium Sulphate (SOP) Price in Saudi Arabia (CIF) - 2022
The average potassium sulphate (SOP) import price stood at $612 per ton in 2022, waning by -7.7% against the previous year. Over the period under review, the import price, however, recorded mild growth. The growth pace was the most rapid in 2021 an increase of 15%. Over the period under review, average import prices reached the peak figure at $741 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($611 per ton) and Egypt ($556 per ton), while the price for Taiwan (Chinese) ($461 per ton) and Jordan ($521 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Potassium Sulphate (SOP) Exports in Saudi Arabia
After three years of growth, shipments abroad of potassium sulphate (SOP) decreased by -6.9% to 7.5K tons in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 261% against the previous year.
In value terms, potassium sulphate (SOP) exports dropped remarkably to $4.6M in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 212%.
| Export of Potassium Sulphate (SOP) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 669 | 869 | 95.1 | 2,559 | 56.4% |
| Spain | 39.8 | 133 | 107 | 2,022 | 270.4% |
| Jordan | N/A | 540 | 397 | N/A | -26.5% |
| Djibouti | N/A | 797 | 627 | N/A | -21.3% |
| India | N/A | N/A | 355 | N/A | 0% |
| Tanzania | N/A | N/A | 1,357 | N/A | 0% |
| Pakistan | N/A | 754 | 2,148 | N/A | 184.9% |
| Others | 304 | 67.2 | 917 | N/A | 73.7% |
| Total | 1,013 | 3,160 | 6,002 | 4,581 | 65.4% |
Top Export Markets for Potassium Sulphate (SOP) from Saudi Arabia in 2022:
- Sudan (4.2K tons)
- Spain (3.3K tons)
Potassium Sulphate (SOP) Imports in Saudi Arabia
In 2022, the amount of potassium sulphate (SOP) imported into Saudi Arabia skyrocketed to 16K tons, rising by 22% compared with 2021. Overall, imports, however, recorded a mild decrease.
In value terms, potassium sulphate (SOP) imports amounted to $9.7M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Potassium Sulphate (SOP) in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.9 | 1.8 | 1.7 | 2.9 | 0.0% |
| Taiwan (Chinese) | 1.1 | 2.2 | 0.8 | 1.8 | 17.8% |
| Jordan | 2.7 | 0.3 | 0.3 | 1.5 | -17.8% |
| Egypt | 0.4 | 0.8 | N/A | 1.0 | 35.7% |
| China | 0.3 | 0.9 | 0.3 | 0.7 | 32.6% |
| Belgium | N/A | 3.6 | 4.1 | N/A | 13.9% |
| Others | 1.8 | 1.2 | 1.3 | 1.9 | 1.8% |
| Total | 9.3 | 10.8 | 8.7 | 9.7 | 1.4% |
Top Suppliers of Potassium Sulphate (SOP) to Saudi Arabia in 2022:
- Germany (4.7K tons)
- Taiwan (Chinese) (4.0K tons)
- Jordan (2.8K tons)
- Egypt (1.8K tons)
- China (1.2K tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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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