Report Chile - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 1, 2023

Chile - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Potassium Sulphate (Sop) Market 2023

Potassium Sulphate (Sop) Market Size in Chile

The Chilean potassium sulphate (SOP) market reduced to $X in 2021, waning by -10.7% 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). Overall, consumption, however, showed significant growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Potassium Sulphate (Sop) Exports

Exports from Chile

After two years of growth, shipments abroad of potassium sulphate (SOP) decreased by -27.7% to X tons in 2021. In general, exports faced a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 197% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, potassium sulphate (SOP) exports shrank to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 188% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), the United States (X tons) and Spain (X tons) were the main destinations of potassium sulphate (SOP) exports from Chile, with a combined 86% share of total exports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +0.3%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for potassium sulphate (SOP) exported from Chile were the United States ($X), Mexico ($X) and Spain ($X), with a combined 84% share of total exports.

The United States, with a CAGR of +2.1%, recorded 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 a decline.

Export Prices by Country

In 2021, the average potassium sulphate (SOP) export price amounted to $X per ton, jumping by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Peru ($X per ton), while the average price for exports to Spain ($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 the Netherlands (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Sulphate (Sop) Imports

Imports into Chile

In 2021, after four years of growth, there was significant decline in overseas purchases of potassium sulphate (SOP), when their volume decreased by -21.9% to X tons. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 47% against the previous year. Imports peaked at X tons in 2020, and then dropped dramatically in the following year.

In value terms, potassium sulphate (SOP) imports fell modestly to $X in 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 57%. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest potassium sulphate (SOP) supplier to Chile, accounting for a 63% share of total imports. Moreover, potassium sulphate (SOP) imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +27.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.4% per year) and Sweden (+28.1% per year).

In value terms, the largest potassium sulphate (SOP) suppliers to Chile were China ($X), Belgium ($X) and Sweden ($X), with a combined 97% share of total imports.

Sweden, with a CAGR of +23.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average potassium sulphate (SOP) import price amounted to $X per ton, surging by 27% against the previous year. Overall, the import price, however, recorded a mild reduction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Belgium ($X per ton) and China ($X per ton), while the price for Russia ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium sulphate (sop) in the world?
+
The country with the largest volume of potassium sulphate SOP) consumption was Germany, comprising approx. 27% of total volume. Moreover, potassium sulphate SOP) consumption in Germany exceeded the figures recorded by the second-largest consumer, the United States, twofold. Belgium ranked third in terms of total consumption with an 8.6% share.
What are the largest producers of potassium sulphate (sop) in the world?
+
Germany remains the largest potassium sulphate SOP) producing country worldwide, comprising approx. 35% of total volume. Moreover, potassium sulphate SOP) production in Germany exceeded the figures recorded by the second-largest producer, the United States, threefold. China ranked third in terms of total production with an 11% share.
What are the leading suppliers of potassium sulphate (sop) to Chile?
+
In value terms, the largest potassium sulphate SOP) suppliers to Chile were China, Belgium and Sweden, together comprising 97% of total imports.
What are the leading importers of potassium sulphate (sop) from Chile?
+
In value terms, the United States, Mexico and Spain constituted the largest markets for potassium sulphate SOP) exported from Chile worldwide, together comprising 84% of total exports.
What is the average export price for potassium sulphate (sop) in Chile?
+
In 2021, the average potassium sulphate SOP) export price amounted to $679 per ton, increasing by 21% against the previous year.
What is the average import price for potassium sulphate (sop) in Chile?
+
The average potassium sulphate SOP) import price stood at $570 per ton in 2021, with an increase of 27% against the previous year.

This report provides an in-depth analysis of the potassium sulphate (sop) market in Chile. 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 -
Country coverage:
• Chile

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Chile
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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