Iceland: Potassic Fertilizer Market 2020

Potassic Fertilizer Market Size in Iceland

The revenue of the potassic fertilizer market in Iceland amounted to $X in 2018, picking up by X% against the previous year. Overall, potassic fertilizer consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Iceland potassic fertilizer consumption peaked at $X in 2009; however, from 2010 to 2018, consumption failed to regain its momentum.

Potassic Fertilizer Production in Iceland

In value terms, potassic fertilizer production amounted to $X in 2018 estimated in export prices. Over the period under review, potassic fertilizer production, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2017 when production volume increased by X% y-o-y. Over the period under review, potassic fertilizer production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Potassic Fertilizer Exports

Exports from Iceland

In 2018, the amount of potassic fertilizers (mineral and chemical) exported from Iceland stood at X tons, growing by X% against the previous year. Over the period under review, potassic fertilizer exports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, potassic fertilizer exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, potassic fertilizer exports amounted to $X in 2018. In general, potassic fertilizer exports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Iceland exports peaked at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

Canada represented the largest exporter of potassic fertilizers (mineral and chemical) in the world, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2018. Belarus (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Russia (X%), Germany (X%) and Israel (X%). The following exporters - Chile (X tons) and Belgium (X tons) - each finished at a X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Iceland, while the other leaders experienced more modest paces of growth.

In value terms, the largest potassic fertilizer markets from Iceland were Canada ($X), Belarus ($X) and Russia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Belarus experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the potassic fertilizer export price in Iceland amounted to $X per ton, going down by -X% against the previous year. In general, the potassic fertilizer export price continues to indicate a deep decrease. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Over the period under review, the export prices for potassic fertilizers (mineral and chemical) attained their maximum at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Belgium ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports into Iceland

In 2018, the potassic fertilizer imports into Iceland totaled X tons, surging by X% against the previous year. Overall, potassic fertilizer imports, however, continue to indicate a temperate slump. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. In that year, potassic fertilizer imports reached their peak of X tons. From 2017 to 2018, the growth of potassic fertilizer imports failed to regain its momentum.

In value terms, potassic fertilizer imports amounted to $X in 2018. Over the period under review, potassic fertilizer imports, however, continue to indicate a significant deduction. The pace of growth appeared the most rapid in 2016 when imports increased by X% y-o-y. Over the period under review, potassic fertilizer imports reached their maximum at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

The imports of the four major importers of potassic fertilizers (mineral and chemical), namely the U.S., Brazil, China and India, represented more than half of total import. It was distantly followed by Indonesia (X tons), making up a X% share of total imports. The following importers - Malaysia (X tons), Belgium (X tons), Bangladesh (X tons), the Netherlands (X tons), France (X tons) and Poland (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the U.S. ($X) and China ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. India, Indonesia, Malaysia, Belgium, Poland, the Netherlands, France, Bangladesh and Iceland lagged somewhat behind, together comprising a further X recorded the highest growth rate of imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the potassic fertilizer import price in Iceland amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the potassic fertilizer import price, however, continues to indicate a mild drop. The growth pace was the most rapid in 2009 when the import price increased by X% year-to-year. In that year, the import prices for potassic fertilizers (mineral and chemical) attained their peak level of $X per ton. From 2010 to 2018, the growth in terms of the import prices for potassic fertilizers (mineral and chemical) remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Belgium ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform