Report Update Apr 1, 2024

Sri Lanka - Potassic Fertilizers (Mineral and Chemical) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Sri Lanka

In 2022, the Sri Lankan potassic fertilizer market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a deep setback. Potassic fertilizer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Potassic Fertilizer Production in Sri Lanka

In value terms, potassic fertilizer production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X,200%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Potassic Fertilizer Exports

Exports from Sri Lanka

In 2022, overseas shipments of potassic fertilizers decreased by X% to X kg for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a deep slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, potassic fertilizer exports declined dramatically to $X in 2022. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Maldives (X kg) was the main destination for potassic fertilizer exports from Sri Lanka, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives totaled X%.

In value terms, Maldives ($X) also remains the key foreign market for potassic fertilizers exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives stood at X%.

Export Prices by Country

The average potassic fertilizer export price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to X% per year.

Potassic Fertilizer Imports

Imports into Sri Lanka

After two years of decline, purchases abroad of potassic fertilizers increased by X% to X tons in 2022. In general, imports, however, recorded a deep contraction. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, potassic fertilizer imports soared to $X in 2022. Overall, imports, however, showed a mild decline. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) was the main potassic fertilizer supplier to Sri Lanka, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada was relatively modest.

In value terms, Canada ($X) constituted the largest supplier of potassic fertilizers to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from Canada was relatively modest.

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 saw resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassic fertilizers in the world?

The countries with the highest volumes of consumption in 2023 were China, Brazil and the United States, together accounting for 58% of global consumption. Indonesia, India, Malaysia, South Korea, Jordan and Belgium lagged somewhat behind, together comprising a further 19%.

What are the largest producers of potassic fertilizers in the world?

The country with the largest volume of potassic fertilizer production was Canada, comprising approx. 42% of total volume. Moreover, potassic fertilizer production in Canada exceeded the figures recorded by the second-largest producer, Russia, twofold. The third position in this ranking was taken by Belarus, with a 13% share.

What are the leading suppliers of potassic fertilizers to Sri Lanka?

In value terms, Canada constituted the largest supplier of potassic fertilizers to Sri Lanka.

What are the leading importers of potassic fertilizers from Sri Lanka?

In value terms, Maldives remains the key foreign market for potassic fertilizers exports from Sri Lanka.

What is the average export price for potassic fertilizers in Sri Lanka?

In 2022, the average potassic fertilizer export price amounted to $7,370 per ton, leveling off at the previous year.

What is the average import price for potassic fertilizers in Sri Lanka?

In 2022, the average potassic fertilizer import price amounted to $1,140 per ton, jumping by 249% against the previous year.

This report provides an in-depth analysis of the potassic fertilizer market in Sri Lanka. 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.

Product coverage:

FCL 4016 - Potassium chloride (muriate of potash) (MOP)
FCL 4017 - Potassium sulphate (sulphate of potash) (SOP)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023