Australia and Oceania: Potassium Chloride (Mop) Market 2023

Potassium Chloride (Mop) Exports

Exports in Australia and Oceania

Potassium chloride (MOP) exports skyrocketed to X tons in 2021, jumping by 428% on 2020. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 1,660% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, potassium chloride (MOP) exports reduced to $X in 2021. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 626%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) represented the key exporter of potassium chloride (MOP), constituting 82% of total exports. It was distantly followed by New Zealand (X tons), making up an 18% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to potassium chloride (MOP) exports from Australia stood at +12.2%. At the same time, New Zealand (+13.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +13.1% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest potassium chloride (MOP) supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

Among the main exporting countries, New Zealand, with a CAGR of +14.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, shrinking by -82.7% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2020 when the export price increased by 717% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.2%).

Potassium Chloride (Mop) Imports

Imports in Australia and Oceania

In 2021, overseas purchases of potassium chloride (MOP) increased by 36% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, potassium chloride (MOP) imports surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the largest importer of potassium chloride (MOP) in Australia and Oceania, with the volume of imports recording X tons, which was approx. 67% of total imports in 2021. It was distantly followed by New Zealand (X tons), achieving a 31% share of total imports.

Australia was also the fastest-growing in terms of the potassium chloride (MOP) imports, with a CAGR of +12.3% from 2012 to 2021. At the same time, New Zealand (+6.7%) displayed positive paces of growth. While the share of Australia (+16 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-6.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Australia, with a CAGR of +8.8%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, picking up by 20% against the previous year. Over the period under review, the import price, however, recorded a noticeable decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-3.0%).

Source: IndexBox Market Intelligence Platform

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