Report U.S. - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Sep 6, 2023

U.S. - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Potassium Sulphate (Sop) Market 2023

Potassium Sulphate (Sop) Market Size in the U.S.

After two years of growth, the U.S. potassium sulphate (SOP) market decreased by -3.1% to $X in 2022. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Potassium Sulphate (Sop) Production in the U.S.

In value terms, potassium sulphate (SOP) production rose slightly to $X in 2022. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 43%. Potassium sulphate (SOP) production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Potassium Sulphate (Sop) Exports

Exports from the U.S.

In 2022, after two years of decline, there was significant growth in shipments abroad of potassium sulphate (SOP), when their volume increased by 38% to X tons. In general, exports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 112% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, potassium sulphate (SOP) exports surged to $X in 2022. Over the period under review, exports posted a moderate expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for potassium sulphate (SOP) exports from the United States, accounting for a 55% share of total exports. Moreover, potassium sulphate (SOP) exports to Mexico exceeded the volume sent to the second major destination, Colombia (X tons), threefold. The third position in this ranking was held by Canada (X tons), with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+66.7% per year) and Canada (+2.9% per year).

In value terms, Mexico ($X) remains the key foreign market for potassium sulphate (SOP) exports from the United States, comprising 58% of total exports. The second position in the ranking was held by Canada ($X), with a 21% share of total exports. It was followed by Colombia, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+7.2% per year) and Colombia (+97.2% per year).

Export Prices by Country

In 2022, the average potassium sulphate (SOP) export price amounted to $X per ton, increasing by 43% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) export price increased by +115.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Japan ($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 Colombia (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Sulphate (Sop) Imports

Imports into the U.S.

In 2022, after three years of growth, there was decline in overseas purchases of potassium sulphate (SOP), when their volume decreased by -5% to X tons. Over the period under review, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, potassium sulphate (SOP) imports skyrocketed to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +140.2% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of potassium sulphate (SOP) to the United States, accounting for a 63% share of total imports. Moreover, potassium sulphate (SOP) imports from Germany exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+1.8% per year) and Belgium (+49.6% per year).

In value terms, the largest potassium sulphate (SOP) suppliers to the United States were Germany ($X), Canada ($X) and Belgium ($X), together comprising 97% of total imports.

Belgium, with a CAGR of +50.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potassium sulphate (SOP) import price amounted to $X per ton, increasing by 31% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium sulphate (sop) in the world?
+
The countries with the highest volumes of consumption in 2022 were Finland, the United States and Chile, together comprising 41% of global consumption.
What are the largest producers of potassium sulphate (sop) in the world?
+
The countries with the highest volumes of production in 2022 were Finland, Chile and the United States, with a combined 57% share of global production.
What are the leading suppliers of potassium sulphate (sop) to the U.S.?
+
In value terms, the largest potassium sulphate SOP) suppliers to the United States were Germany, Canada and Belgium, together comprising 97% of total imports.
What are the leading importers of potassium sulphate (sop) from the U.S.?
+
In value terms, Mexico remains the key foreign market for potassium sulphate SOP) exports from the United States, comprising 58% of total exports. The second position in the ranking was held by Canada, with a 21% share of total exports. It was followed by Colombia, with a 15% share.
What is the average export price for potassium sulphate (sop) in the U.S.?
+
The average potassium sulphate SOP) export price stood at $852 per ton in 2022, growing by 43% against the previous year.
What is the average import price for potassium sulphate (sop) in the U.S.?
+
In 2022, the average potassium sulphate SOP) import price amounted to $712 per ton, picking up by 31% against the previous year.

This report provides an in-depth analysis of the potassium sulphate (sop) market in the U.S.. 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 4017 -
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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