Greece: Overview of the Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2021

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Greece

The Greek market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2020, with an increase of X% against the previous year. Overall, consumption, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Greece

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose markedly to $X in 2020 estimated in export prices. Overall, production saw a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. Production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports from Greece

Exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Greece dropped markedly to X tonnes in 2020, waning by -X% on the previous year's figure. Over the period under review, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers dropped notably to $X in 2020. In general, exports faced a dramatic decline. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Exports peaked at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Macedonia (X tonnes) was the main destination for exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Greece, with a X% share of total exports. Moreover, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Macedonia exceeded the volume sent to the second major destination, Albania (X tonnes), fourfold. Cyprus (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Macedonia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (-X% per year) and Cyprus (-X% per year).

In value terms, Macedonia ($X) emerged as the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Greece, comprising X% of total exports. The second position in the ranking was occupied by Albania ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Macedonia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (-X% per year) and Cyprus (-X% per year).

Export Prices by Country

In 2020, the average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Macedonia ($X per tonne), while the average price for exports to Cyprus ($X per tonne) was amongst the lowest.

From 2007 to 2020, 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.

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports into Greece

Imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers into Greece surged to X tonnes in 2020, with an increase of X% compared with the year before. In general, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2011 to 2020, the growth of imports failed to regain the momentum.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2020. Over the period under review, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2020, the growth of imports failed to regain the momentum.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Greece, accounting for a X% share of total imports. Moreover, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Denmark (X% per year).

In value terms, Germany ($X) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Greece, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-X% per year) and Denmark (X% per year).

Import Prices by Country

In 2020, the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price recorded a perceptible contraction. The pace of growth was the most pronounced in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the world?

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The countries with the highest volumes of consumption of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in 2020 were Canada (12M tonnes), China (8.8M tonnes) and Germany (2.9M tonnes), with a combined 83% share of global consumption.

What are the largest producers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the world?

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The countries with the highest volumes of production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in 2020 were Canada (12M tonnes), China (8.8M tonnes) and Germany (3M tonnes), together accounting for 83% of global production. Jordan, Russia, the UK and the U.S. lagged somewhat behind, together accounting for a further 14%.

What are the leading suppliers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Greece?

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In value terms, Germany ($891K) constituted the largest supplier of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers to Greece, comprising 85% of total imports. The second position in the ranking was occupied by Belgium ($67K), with a 6.4% share of total imports.

What are the leading importers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers from Greece?

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In value terms, Macedonia ($11K) emerged as the key foreign market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from Greece, comprising 80% of total exports. The second position in the ranking was occupied by Albania ($1.4K), with a 11% share of total exports. It was followed by Cyprus, with a 7.7% share.

What is the average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Greece?

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The average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $1,884 per tonne in 2020, jumping by 43% against the previous year.

What is the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Greece?

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In 2020, the average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers amounted to $801 per tonne, dropping by -13% against the previous year.