
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 third consecutive year, the French potassium sulphate (SOP) market recorded growth in sales value, which increased by 17% to $X in 2021. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.6% against 2016 indices. Potassium sulphate (SOP) consumption peaked in 2021 and is likely to continue growth in the immediate term.
Potassium Sulphate (Sop) Exports
Exports from France
In 2021, the amount of potassium sulphate (SOP) exported from France totaled X tons, picking up by 3.1% on 2020. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 159%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
In value terms, potassium sulphate (SOP) exports soared to $X in 2021. Overall, exports, however, showed a deep slump. The growth pace was the most rapid in 2016 when exports increased by 175% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
Spain (X tons), Switzerland (X tons) and Belgium (X tons) were the main destinations of potassium sulphate (SOP) exports from France, together comprising 80% of total exports. These countries were followed by Ghana, Portugal and Austria, which together accounted for a further 17%.
From 2012 to 2021, the biggest increases were in Portugal (with a CAGR of +118.9%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for potassium sulphate (SOP) exported from France were Spain ($X), Switzerland ($X) and Ghana ($X), together accounting for 76% of total exports. These countries were followed by Austria, Portugal and Belgium, which together accounted for a further 17%.
Among the main countries of destination, Portugal, with a CAGR of +113.3%, 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 2021, the average potassium sulphate (SOP) export price amounted to $X per ton, jumping by 15% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 31%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Ghana ($X per ton), while the average price for exports to Belgium ($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 Ghana (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Potassium Sulphate (Sop) Imports
Imports into France
Potassium sulphate (SOP) imports into France stood at X tons in 2021, increasing by 14% against the previous year's figure. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 22%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.
In value terms, potassium sulphate (SOP) imports surged to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 22%. Imports peaked in 2021 and are likely to see steady growth in years to come.
Imports by Country
In 2021, Germany (X tons) constituted the largest potassium sulphate (SOP) supplier to France, accounting for a 71% share of total imports. Moreover, potassium sulphate (SOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 1.9% share.
From 2012 to 2021, the average annual growth rate of volume from Germany totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.4% per year) and Italy (+10.6% per year).
In value terms, Germany ($X) constituted the largest supplier of potassium sulphate (SOP) to France, comprising 66% of total imports. The second position in the ranking was held by Belgium ($X), with a 28% share of total imports. It was followed by the UK, with a 1.6% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1.2% per year) and the UK (+17.6% per year).
Import Prices by Country
The average potassium sulphate (SOP) import price stood at $X per ton in 2021, rising by 4.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, 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
Recommended reports
This report provides an in-depth analysis of the potassium sulphate (sop) market in Asia.
This report provides an in-depth analysis of the global potassium sulphate (sop) market.
This report provides an in-depth analysis of the potassium sulphate (sop) market in the EU.
This report provides an in-depth analysis of the potassium sulphate (sop) market in the U.S..
This report provides an in-depth analysis of the potassium sulphate (sop) market in China.
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET