
France - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights
France: Potassium Sulphate (Sop) Market 2023
Potassium Sulphate (Sop) Market Size in France
For the fourth consecutive year, the French potassium sulphate (SOP) market recorded growth in sales value, which increased by 2% to $X in 2022. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +62.7% against 2016 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.
Potassium Sulphate (Sop) Exports
Exports from France
Potassium sulphate (SOP) exports from France shrank sharply to X tons in 2022, with a decrease of -36% compared with 2021 figures. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2015 with an increase of 120%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, potassium sulphate (SOP) exports amounted to $X in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 175% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
Exports by Country
Switzerland (X tons), Spain (X tons) and Belgium (X tons) were the main destinations of potassium sulphate (SOP) exports from France, together comprising 85% of total exports. Portugal, the Netherlands and Italy lagged somewhat behind, together accounting for a further 13%.
From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +94.5%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Switzerland ($X), Spain ($X) and Portugal ($X) were the largest markets for potassium sulphate (SOP) exported from France worldwide, together accounting for 90% of total exports.
Portugal, with a CAGR of +102.6%, saw the highest growth rate of the value of exports, in terms of 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 potassium sulphate (SOP) export price stood at $X per ton in 2022, rising by 56% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) export price increased by +80.2% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belgium ($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 Netherlands (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Potassium Sulphate (Sop) Imports
Imports into France
After three years of growth, supplies from abroad of potassium sulphate (SOP) decreased by -11.6% to X tons in 2022. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, imports reached the maximum at X tons in 2021, and then fell in the following year.
In value terms, potassium sulphate (SOP) imports reached $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.3% against 2016 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in years to come.
Imports by Country
In 2022, Germany (X tons) constituted the largest supplier of potassium sulphate (SOP) to France, with a 76% share of total imports. Moreover, potassium sulphate (SOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The third position in this ranking was held by Finland (X tons), with a 4.2% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.9% per year) and Finland (+632.3% per year).
In value terms, Germany ($X) constituted the largest supplier of potassium sulphate (SOP) to France, comprising 68% of total imports. The second position in the ranking was taken by Belgium ($X), with a 19% share of total imports. It was followed by Finland, with a 6.8% share.
From 2012 to 2022, the average annual growth rate of value from Germany totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.7% per year) and Finland (+808.4% per year).
Import Prices by Country
In 2022, the average potassium sulphate (SOP) import price amounted to $X per ton, growing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the potassium sulphate (sop) market in France. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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