Austria: Potassium Chloride (Mop) Market 2023

Potassium Chloride (Mop) Market Size in Austria

The Austrian potassium chloride (MOP) market soared to $X in 2021, picking up by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a abrupt descent. Potassium chloride (MOP) consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports from Austria

In 2021, the amount of potassium chloride (MOP) exported from Austria skyrocketed to X tons, surging by 37% on 2020. In general, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of 79%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 55%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Italy (X tons) and Slovakia (X tons) were the main destinations of potassium chloride (MOP) exports from Austria, together accounting for 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +36.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Italy ($X) and Slovakia ($X) were the largest markets for potassium chloride (MOP) exported from Austria worldwide, together comprising 88% of total exports.

Among the main countries of destination, Italy, with a CAGR of +38.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2021, growing by 5.9% against the previous year. Over the period under review, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Austria

In 2021, purchases abroad of potassium chloride (MOP) increased by 25% to X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports, however, saw a abrupt decrease. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, potassium chloride (MOP) imports surged to $X in 2021. In general, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of potassium chloride (MOP) to Austria, with a 82% share of total imports. Moreover, potassium chloride (MOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+46.2% per year) and Italy (+34.3% per year).

In value terms, Germany ($X) constituted the largest supplier of potassium chloride (MOP) to Austria, comprising 93% of total imports. The second position in the ranking was held by Poland ($X), with a 3% share of total imports. It was followed by Italy, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+53.2% per year) and Italy (+28.8% per year).

Import Prices by Country

In 2021, the average potassium chloride (MOP) import price amounted to $X per ton, picking up by 4.6% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 78% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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