Chile: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Chile

In 2022, the Chilean potassic fertilizer market decreased by X% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, enjoyed a noticeable increase. Potassic fertilizer consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Potassic Fertilizer Production in Chile

In value terms, potassic fertilizer production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of X%. Potassic fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Potassic Fertilizer Exports

Exports from Chile

In 2022, shipments abroad of potassic fertilizers increased by X% to X tons, rising for the third consecutive year after three years of decline. In general, exports enjoyed a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, potassic fertilizer exports surged to $X in 2022. Over the period under review, exports, however, recorded a slight descent. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for potassic fertilizer exports from Chile, with a X% share of total exports. Moreover, potassic fertilizer exports to Brazil exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Mexico (X% per year).

In value terms, the largest markets for potassic fertilizer exported from Chile were Brazil ($X), South Africa ($X) and Mexico ($X), together comprising X% of total exports. Ecuador, Colombia, the United States, the Netherlands, Spain, Peru and Belgium lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potassic fertilizer export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Belgium ($X per ton), while the average price for exports to Brazil ($X 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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports into Chile

In 2022, approx. X tons of potassic fertilizers were imported into Chile; picking up by X% on the previous year's figure. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, potassic fertilizer imports soared to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Canada (X tons) constituted the largest potassic fertilizer supplier to Chile, accounting for a X% share of total imports. Moreover, potassic fertilizer imports from Canada exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Bolivia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Bolivia (X% per year).

In value terms, the largest potassic fertilizer suppliers to Chile were Canada ($X), Belgium ($X) and Bolivia ($X), together accounting for X% of total imports. Egypt, China, Uzbekistan, Germany and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Uzbekistan, with a CAGR of X,834.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potassic fertilizer import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :