Report Update Apr 1, 2024

Colombia - Potassic Fertilizers (Mineral and Chemical) - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Colombia

The Colombian potassic fertilizer market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption recorded resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassic Fertilizer Production in Colombia

In value terms, potassic fertilizer production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Potassic Fertilizer Exports

Exports from Colombia

In 2022, overseas shipments of potassic fertilizers increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, potassic fertilizer exports surged to $X in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

El Salvador (X tons), Costa Rica (X tons) and Venezuela (X tons) were the main destinations of potassic fertilizer exports from Colombia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Costa Rica ($X), El Salvador ($X) and Venezuela ($X) constituted the largest markets for potassic fertilizer exported from Colombia worldwide, with a combined X% share of total exports. The Dominican Republic and Ecuador lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the average potassic fertilizer export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Venezuela ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Potassic Fertilizer Imports

Imports into Colombia

In 2022, approx. X tons of potassic fertilizers were imported into Colombia; surging by X% compared with 2021 figures. In general, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports surged to $X in 2022. Over the period under review, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Germany (X tons) and Belarus (X tons) were the main suppliers of potassic fertilizer imports to Colombia, with a combined X% share of total imports. Chile, the United States and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potassic fertilizer suppliers to Colombia were Canada ($X), Germany ($X) and Belarus ($X), with a combined X% share of total imports. Chile, the United States and Russia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the United States, with a CAGR of X%, 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

In 2022, the average potassic fertilizer import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for potassic fertilizers in the world?

The countries with the highest volumes of consumption in 2023 were China, Brazil and the United States, with a combined 58% share of global consumption. Indonesia, India, Malaysia, South Korea, Jordan and Belgium lagged somewhat behind, together accounting for a further 19%.

What are the largest producers of potassic fertilizers in the world?

The country with the largest volume of potassic fertilizer production was Canada, comprising approx. 42% of total volume. Moreover, potassic fertilizer production in Canada exceeded the figures recorded by the second-largest producer, Russia, twofold. Belarus ranked third in terms of total production with a 13% share.

What are the leading suppliers of potassic fertilizers to Colombia?

In value terms, the largest potassic fertilizer suppliers to Colombia were Canada, Germany and Belarus, together comprising 78% of total imports. Chile, the United States and Russia lagged somewhat behind, together accounting for a further 15%.

What are the leading importers of potassic fertilizers from Colombia?

In value terms, the largest markets for potassic fertilizer exported from Colombia were Costa Rica, El Salvador and Venezuela, with a combined 97% share of total exports. The Dominican Republic and Ecuador lagged somewhat behind, together comprising a further 2.5%.

What is the average export price for potassic fertilizers in Colombia?

In 2022, the average potassic fertilizer export price amounted to $697 per ton, reducing by -17% against the previous year.

What is the average import price for potassic fertilizers in Colombia?

In 2022, the average potassic fertilizer import price amounted to $344 per ton, increasing by 2.6% against the previous year.

This report provides an in-depth analysis of the potassic fertilizer market in Colombia. 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 4016 - Potassium chloride (muriate of potash) (MOP)
FCL 4017 - Potassium sulphate (sulphate of potash) (SOP)

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023