South Africa - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in South Africa - 2023
Contents:
- Potassium Sulphate (SOP) Price in South Africa (CIF) - 2023
- Potassium Sulphate (SOP) Price in South Africa (FOB) - 2022
- Potassium Sulphate (SOP) Imports in South Africa
- Potassium Sulphate (SOP) Exports in South Africa
Potassium Sulphate (SOP) Price in South Africa (CIF) - 2023
The average potassium sulphate (SOP) import price stood at $677 per ton in July 2023, rising by 2.9% against the previous month. Overall, the import price, however, saw a pronounced decline. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 63% against the previous month. The import price peaked at $1,007 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Belgium ($884 per ton) and Germany ($660 per ton), while the price for China ($636 per ton) and Taiwan (Chinese) ($636 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Potassium Sulphate (SOP) Price in South Africa (FOB) - 2022
The average potassium sulphate (SOP) export price stood at $680 per ton in 2022, increasing by 14% against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2014 when the average export price increased by 37%. As a result, the export price reached the peak level of $893 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($1,284 per ton), while the average price for exports to Zimbabwe ($561 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Potassium Sulphate (SOP) Imports in South Africa
In 2022, imports of potassium sulphate (SOP) into South Africa stood at 113K tons, increasing by 13% against 2021. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 61%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, potassium sulphate (SOP) imports skyrocketed to $48M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Potassium Sulphate (SOP) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.4 | 12.4 | 14.0 | 16.7 | 5.1% |
| Egypt | 3.5 | 1.7 | 2.7 | 8.2 | 32.8% |
| Belgium | 1.0 | 1.0 | 6.6 | 7.9 | 99.2% |
| Taiwan (Chinese) | 3.3 | 1.5 | 1.2 | 7.6 | 32.1% |
| China | 11.1 | 9.5 | 13.3 | 5.1 | -22.8% |
| Djibouti | N/A | N/A | N/A | 1.7 | 0% |
| Others | 2.1 | 0.6 | 1.0 | 0.7 | -30.7% |
| Total | 35.6 | 26.6 | 38.9 | 47.9 | 10.4% |
Top Suppliers of Potassium Sulphate (SOP) to South Africa in 2022:
- Germany (62.9K tons)
- Taiwan (Chinese) (18.9K tons)
- Belgium (11.2K tons)
- Egypt (8.7K tons)
- China (5.2K tons)
- Djibouti (5.0K tons)
Potassium Sulphate (SOP) Exports in South Africa
In 2022, overseas shipments of potassium sulphate (SOP) were finally on the rise to reach 16K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, potassium sulphate (SOP) exports skyrocketed to $11M in 2022. Overall, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Potassium Sulphate (SOP) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 6.2 | 3.3 | 1.4 | 6.7 | 2.6% |
| Zambia | 0.4 | 0.2 | 0.1 | 2.0 | 71.0% |
| Malawi | N/A | N/A | N/A | 1.3 | 0% |
| Namibia | 0.3 | 0.4 | 0.2 | 0.4 | 10.1% |
| Others | 0.4 | 0.1 | 0.1 | 0.3 | -9.1% |
| Total | 7.3 | 3.9 | 1.8 | 10.7 | 13.6% |
Top Export Markets for Potassium Sulphate (SOP) from South Africa in 2022:
- Zimbabwe (12.0K tons)
- Zambia (1.5K tons)
- Malawi (1.5K tons)
- Namibia (0.3K tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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