Spain: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Spain

In 2022, the Spanish potassic fertilizer market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a pronounced descent. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Potassic Fertilizer Production in Spain

In value terms, potassic fertilizer production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible reduction. Potassic fertilizer production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Potassic Fertilizer Exports

Exports from Spain

In 2022, shipments abroad of potassic fertilizers increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer exports skyrocketed to $X in 2022. Overall, exports showed a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for potassic fertilizer exports from Spain, with a X% share of total exports. Moreover, potassic fertilizer exports to Brazil exceeded the volume sent to the second major destination, the UK (X tons), threefold. Norway (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Norway (X% per year).

In value terms, Brazil ($X), the UK ($X) and Norway ($X) constituted the largest markets for potassic fertilizer exported from Spain worldwide, with a combined X% share of total exports. Morocco, France, the Netherlands, Portugal and Italy lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potassic fertilizer export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports into Spain

In 2022, after two years of growth, there was significant decline in purchases abroad of potassic fertilizers, when their volume decreased by X% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, potassic fertilizer imports stood at $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Israel (X tons) constituted the largest potassic fertilizer supplier to Spain, accounting for a X% share of total imports. Moreover, potassic fertilizer imports from Israel exceeded the figures recorded by the second-largest supplier, Jordan (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Israel stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Chile (X% per year).

In value terms, Israel ($X) constituted the largest supplier of potassic fertilizers to Spain, comprising X% of total imports. The second position in the ranking was taken by Jordan ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average potassic fertilizer import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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