Asia: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Asia

The Asian potassium chloride (MOP) market fell to $X in 2023, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then declined in the following year.

Potassium Chloride (Mop) Production in Asia

In value terms, potassium chloride (MOP) production rose modestly to $X in 2023 estimated in export price. The total production indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Potassium Chloride (Mop) Exports

Exports in Asia

In 2023, approx. X tons of potassium chloride (MOP) were exported in Asia; declining by X% on 2022. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, potassium chloride (MOP) exports reduced to $X in 2023. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Jordan was the major exporting country with an export of around X tons, which accounted for X% of total exports. Lao People's Democratic Republic (X tons) took the second position in the ranking, distantly followed by China (X tons) and Malaysia (X tons). All these countries together held near X% share of total exports. The following exporters - Uzbekistan (X tons) and Vietnam (X tons) - each finished at a X% share of total exports.

Exports from Jordan increased at an average annual rate of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%), Vietnam (X%), Malaysia (X%) and China (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, Uzbekistan (X%) illustrated a downward trend over the same period. Lao People's Democratic Republic (X p.p.), Malaysia (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while China and Jordan saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) remains the largest potassium chloride (MOP) supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Jordan stood at X%. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, rising by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports in Asia

In 2023, the amount of potassium chloride (MOP) imported in Asia reduced dramatically to X tons, which is down by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then contracted notably in the following year.

In value terms, potassium chloride (MOP) imports dropped to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

China represented the key importer of potassium chloride (MOP) in Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. India (X tons) took the second position in the ranking, followed by Indonesia (X tons) and Malaysia (X tons). All these countries together took approx. X% share of total imports. The following importers - Thailand (X tons), South Korea (X tons) and Vietnam (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the potassium chloride (MOP) imports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), India (X%), Malaysia (X%), South Korea (X%) and Indonesia (X%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported potassium chloride (MOP) in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In China, potassium chloride (MOP) imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: India (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a slight decrease. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Thailand ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform