Croatia: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Croatia

In 2023, the Croatian potassium chloride (MOP) market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Potassium Chloride (Mop) Production in Croatia

In value terms, potassium chloride (MOP) production dropped markedly to $X in 2023 estimated in export price. In general, production, however, recorded a moderate expansion. 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 attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports from Croatia

In 2023, after two years of growth, there was significant decline in shipments abroad of potassium chloride (MOP), when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then shrank dramatically in the following year.

In value terms, potassium chloride (MOP) exports fell dramatically to $X in 2023. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2022, and then reduced notably in the following year.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for potassium chloride (MOP) exports from Croatia, with a X% share of total exports. Moreover, potassium chloride (MOP) exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Latvia (X tons), threefold. The third position in this ranking was taken by Serbia (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bosnia and Herzegovina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Serbia (X% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for potassium chloride (MOP) exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with a X% share of total exports. It was followed by Serbia, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Bosnia and Herzegovina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Serbia (X% per year).

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the export price continues to indicate mild growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Bosnia and Herzegovina ($X per ton) and Latvia ($X per ton), while the average price for exports to Italy ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Croatia

In 2023, imports of potassium chloride (MOP) into Croatia declined markedly to X tons, falling by X% compared with the previous year's figure. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports dropped sharply to $X in 2023. Over the period under review, imports faced a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons) constituted the largest potassium chloride (MOP) supplier to Croatia, accounting for a X% share of total imports. Moreover, potassium chloride (MOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fivefold. Austria (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Austria (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Austria (X% per year).

Import Prices by Country

In 2023, the average potassium chloride (MOP) import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, posted slight growth. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform