
Luxembourg - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights
Luxembourg: Potassium Sulphate (Sop) Market 2023
Potassium Sulphate (Sop) Market Size in Luxembourg
For the fourth year in a row, the Luxembourg potassium sulphate (SOP) market recorded growth in sales value, which increased by 117% to $X in 2021. In general, consumption continues to indicate a significant expansion. Potassium sulphate (SOP) consumption peaked in 2021 and is expected to retain growth in years to come.
Potassium Sulphate (Sop) Exports
Exports from Luxembourg
In 2021, the amount of potassium sulphate (SOP) exported from Luxembourg skyrocketed to X tons, surging by 72% compared with 2020. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,240% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
In value terms, potassium sulphate (SOP) exports soared to $X in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,285%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
Exports by Country
Germany (X tons) was the main destination for potassium sulphate (SOP) exports from Luxembourg, accounting for a 92% share of total exports. Moreover, potassium sulphate (SOP) exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +65.4%.
In value terms, Germany ($X) remains the key foreign market for potassium sulphate (SOP) exports from Luxembourg, comprising 92% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.5% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Germany totaled +64.2%.
Export Prices by Country
The average potassium sulphate (SOP) export price stood at $X per ton in 2021, increasing by 9.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.7%), while the prices for the other major destinations experienced a decline.
Potassium Sulphate (Sop) Imports
Imports into Luxembourg
For the fourth year in a row, Luxembourg recorded growth in supplies from abroad of potassium sulphate (SOP), which increased by 104% to X tons in 2021. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 362% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.
In value terms, potassium sulphate (SOP) imports soared to $X in 2021. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 376%. Imports peaked in 2021 and are likely to continue growth in the near future.
Imports by Country
The Netherlands (X tons) and Germany (X tons) were the main suppliers of potassium sulphate (SOP) imports to Luxembourg.
From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +60.3%).
In value terms, the largest potassium sulphate (SOP) suppliers to Luxembourg were the Netherlands ($X) and Germany ($X).
The Netherlands, with a CAGR of +57.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.
Import Prices by Country
In 2021, the average potassium sulphate (SOP) import price amounted to $X per ton, surging by 5.8% against the previous year. In general, the import price, however, showed a slight setback. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the Netherlands totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.8%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the potassium sulphate (sop) market in Luxembourg. 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
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