Spain - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in Spain - 2023
Contents:
- Potassium Sulphate (SOP) Price in Spain (CIF) - 2022
- Potassium Sulphate (SOP) Price in Spain (FOB) - 2022
- Potassium Sulphate (SOP) Imports in Spain
- Potassium Sulphate (SOP) Exports in Spain
Potassium Sulphate (SOP) Price in Spain (CIF) - 2022
In 2022, the average potassium sulphate (SOP) import price amounted to $757 per ton, jumping by 57% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +65.3% against 2018 indices. Over the period under review, average import prices reached the maximum at $770 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($1,098 per ton), while the price for China ($559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Sulphate (SOP) Price in Spain (FOB) - 2022
The average potassium sulphate (SOP) export price stood at $774 per ton in 2022, rising by 2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 an increase of 23%. Over the period under review, the average export prices hit record highs at $871 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($1,009 per ton), while the average price for exports to France ($495 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 Portugal (+1.9%), while the prices for the other major destinations experienced a decline.
Potassium Sulphate (SOP) Imports in Spain
In 2022, after three years of growth, there was significant decline in purchases abroad of potassium sulphate (SOP), when their volume decreased by -42.3% to 43K tons. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, imports attained the peak of 75K tons, and then shrank markedly in the following year.
In value terms, potassium sulphate (SOP) imports reduced to $33M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. As a result, imports reached the peak of $36M, and then shrank in the following year.
| Import of Potassium Sulphate (SOP) in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 17.2 | 15.9 | 18.3 | 16.6 | -1.2% |
| Egypt | 3.6 | 4.3 | 5.3 | 5.3 | 13.8% |
| Germany | 1.6 | 2.5 | 1.8 | 2.8 | 20.5% |
| Portugal | 1.2 | 1.2 | 1.7 | 1.7 | 12.3% |
| Austria | 1.5 | 1.5 | 1.4 | 1.6 | 2.2% |
| China | 0.4 | 1.4 | 0.2 | 1.4 | 51.8% |
| Chile | N/A | N/A | 0.7 | 1.2 | 71.4% |
| Russia | 1.7 | 1.8 | 3.4 | 0.8 | -22.2% |
| France | 0.6 | 0.4 | 1.4 | 0.3 | -20.6% |
| Others | 2.2 | 2.3 | 1.8 | 1.0 | -23.1% |
| Total | 30.0 | 31.3 | 36.1 | 32.7 | 2.9% |
Top Suppliers of Potassium Sulphate (SOP) to Spain in 2022:
- Belgium (23.1K tons)
- Egypt (5.4K tons)
- Germany (4.7K tons)
- Portugal (2.4K tons)
- China (2.4K tons)
- Austria (1.4K tons)
- Chile (1.3K tons)
- Russia (1.1K tons)
- France (0.6K tons)
Potassium Sulphate (SOP) Exports in Spain
In 2022, the amount of potassium sulphate (SOP) exported from Spain expanded remarkably to 8.8K tons, rising by 9.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, potassium sulphate (SOP) exports expanded rapidly to $6.8M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Potassium Sulphate (SOP) in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 2,936 | 2,460 | 3,105 | 4,137 | 12.1% |
| France | 549 | 634 | 746 | 819 | 14.3% |
| Pakistan | 126 | 207 | 250 | 177 | 12.0% |
| Iran | N/A | 44.1 | 6.5 | 152 | 85.7% |
| Algeria | 0.7 | 16.4 | 168 | 142 | 487.6% |
| Tunisia | 67.4 | 78.7 | 261 | 112 | 18.4% |
| South Africa | N/A | N/A | 94.3 | 103 | 9.2% |
| Others | 1,003 | 925 | 1,377 | 1,149 | 4.6% |
| Total | 4,682 | 4,365 | 6,007 | 6,790 | 13.2% |
Top Export Markets for Potassium Sulphate (SOP) from Spain in 2022:
- Portugal (5.7K tons)
- France (1.7K tons)
- Pakistan (0.2K tons)
- Iran (0.2K tons)
- Algeria (0.2K tons)
- South Africa (0.1K tons)
- Tunisia (0.1K tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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