Indonesia: Potassium Chloride (Mop) Market 2023

Potassium Chloride (Mop) Market Size in Indonesia

After two years of decline, the Indonesian potassium chloride (MOP) market increased by 59% to $X in 2021. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potassium Chloride (Mop) Exports

Exports from Indonesia

Potassium chloride (MOP) exports from Indonesia reduced to X tons in 2021, dropping by -11.3% against the previous year. Overall, exports saw a significant contraction. The most prominent rate of growth was recorded in 2014 with an increase of 218% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, potassium chloride (MOP) exports surged to $X in 2021. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 103% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X tons), Timor-Leste (X tons) and Brunei Darussalam (X tons) were the main destinations of potassium chloride (MOP) exports from Indonesia, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +12.2%), while the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), Timor-Leste ($X) and Brunei Darussalam ($X) constituted the largest markets for potassium chloride (MOP) exported from Indonesia worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +11.8%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average potassium chloride (MOP) export price amounted to $X per ton, rising by 51% against the previous year. In general, the export price posted measured growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Brunei Darussalam ($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 Singapore (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Chloride (Mop) Imports

Imports into Indonesia

In 2021, imports of potassium chloride (MOP) into Indonesia skyrocketed to X tons, picking up by 43% on 2020 figures. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassium chloride (MOP) imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Belarus (X tons) and Russia (X tons) were the main suppliers of potassium chloride (MOP) imports to Indonesia, with a combined 82% share of total imports. Jordan, Vietnam, Germany and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +204.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of potassium chloride (MOP) to Indonesia, comprising 43% of total imports. The second position in the ranking was taken by Belarus ($X), with a 21% share of total imports. It was followed by Russia, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+16.0% per year) and Russia (-3.1% per year).

Import Prices by Country

In 2021, the average potassium chloride (MOP) import price amounted to $X per ton, growing by 19% against the previous year. In general, the import price, however, showed a abrupt curtailment. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Jordan ($X per ton) and Lao People's Democratic Republic ($X per ton), while the price for Vietnam ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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