Portugal: Potassium Chloride (Mop) Market 2023

Potassium Chloride (Mop) Market Size in Portugal

The Portuguese potassium chloride (MOP) market skyrocketed to $X in 2021, rising by 21% against the previous year. In general, consumption, however, saw a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Potassium Chloride (Mop) Production in Portugal

In value terms, potassium chloride (MOP) production expanded sharply to $X in 2021 estimated in export price. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 59%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Potassium Chloride (Mop) Exports

Exports from Portugal

In 2021, potassium chloride (mop) exports from Portugal soared to X tons, picking up by 51% against the previous year. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 616%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, potassium chloride (MOP) exports skyrocketed to $X in 2021. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 492% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for potassium chloride (MOP) exports from Portugal, with a 93% share of total exports. Moreover, potassium chloride (MOP) exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain amounted to +36.1%.

In value terms, Spain ($X) remains the key foreign market for potassium chloride (MOP) exports from Portugal, comprising 92% of total exports. The second position in the ranking was taken by Angola ($X), with a 7.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Spain stood at +35.3%.

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2021, surging by 48% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+0.2%), while the prices for the other major destinations experienced a decline.

Potassium Chloride (Mop) Imports

Imports into Portugal

In 2021, the amount of potassium chloride (MOP) imported into Portugal rose markedly to X tons, with an increase of 13% compared with the previous year. Overall, imports, however, showed a slight reduction. The growth pace was the most rapid in 2018 with an increase of 15%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports surged to $X in 2021. In general, imports, however, recorded a perceptible contraction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belarus (X tons), Spain (X tons) and Jordan (X tons) were the main suppliers of potassium chloride (MOP) imports to Portugal, together comprising 81% of total imports. Germany and Israel lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +63.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium chloride (MOP) suppliers to Portugal were Belarus ($X), Jordan ($X) and Spain ($X), together comprising 75% of total imports. These countries were followed by Germany and Israel, which together accounted for a further 25%.

Among the main suppliers, Israel, with a CAGR of +51.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average potassium chloride (MOP) import price amounted to $X per ton, increasing by 13% against the previous year. In general, the import price, however, saw a pronounced setback. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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