Greece: Crude Potash Salts Market Overview 2020

Crude Potash Salts Market Size in Greece

The revenue of the crude potash salts market in Greece amounted to $X in 2018, falling by -X% against the previous year. Overall, crude potash salts consumption continues to indicate a drastic shrinkage. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Crude potash salts consumption peaked at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Crude Potash Salts Production in Greece

In value terms, crude potash salts production totaled $X in 2018 estimated in export prices. In general, crude potash salts production, however, continues to indicate a deep shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Crude potash salts production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Crude Potash Salts Exports

Exports from Greece

Crude potash salts exports from Greece amounted to X tonnes in 2018, increasing by X% against the previous year. Over the period under review, crude potash salts exports, however, continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, crude potash salts exports totaled $X in 2018. Over the period under review, crude potash salts exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, crude potash salts exports attained their peak figure at $X in 2011; however, from 2012 to 2018, exports failed to regain their momentum.

Exports by Country

Turkey (X tonnes) was the main destination for crude potash salts exports from Greece, accounting for a X% share of total exports. Moreover, crude potash salts exports to Turkey exceeded the volume sent to the second major destination, South Korea (X tonnes), twofold. The third position in this ranking was occupied by Iran (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Turkey amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Iran (+X% per year).

In value terms, Iran ($X) remains the key foreign market for crude potash salts exports from Greece, comprising X% of total crude potash salts exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Iran totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and South Korea (-X% per year).

Export Prices by Country

The average crude potash salts export price stood at $X per tonne in 2018, surging by X% against the previous year. Over the period under review, the export price indicated a slight increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% y-o-y. In that year, the average export prices for crude potash salts (k2o content) reached their peak level and is likely to continue its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Iran ($X per tonne), while the average price for exports to Bulgaria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Macedonia, while the prices for the other major destinations experienced more modest paces of growth.

Crude Potash Salts Imports

Imports into Greece

In 2018, approx. X tonnes of crude potash salts (k2o content) were imported into Greece; dropping by -X% against the previous year. In general, crude potash salts imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, crude potash salts imports reached their peak of X tonnes. From 2009 to 2018, the growth of crude potash salts imports failed to regain its momentum.

In value terms, crude potash salts imports amounted to $X in 2018. Overall, crude potash salts imports continue to indicate a deep decrease. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. In that year, crude potash salts imports reached their peak of $X. From 2009 to 2018, the growth of crude potash salts imports remained at a lower figure.

Imports by Country

In 2018, Egypt (X tonnes) constituted the largest supplier of crude potash salts to Greece, with a X% share of total imports. Moreover, crude potash salts imports from Egypt exceeded the figures recorded by the second-largest supplier, Jordan (X tonnes), threefold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Egypt amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (-X% per year) and Turkey (+X% per year).

In value terms, Turkey ($X), Egypt ($X) and Germany ($X) appeared to be the largest crude potash salts suppliers to Greece, with a combined X% share of total imports.

Among the main suppliers, Egypt recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2018, the average crude potash salts import price amounted to $X per tonne, jumping by X% against the previous year. Overall, the crude potash salts import price continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Turkey ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform