United Kingdom: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in the UK

For the third year in a row, the UK potassium nitrate market recorded growth in sales value, which increased by X% to $X in 2023. Overall, the total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Potassium nitrate consumption peaked in 2023 and is expected to retain growth in years to come.

Potassium Nitrate Production in the UK

In value terms, potassium nitrate production totaled $X in 2023 estimated in export price. In general, production saw buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Potassium Nitrate Exports

Exports from the UK

In 2023, exports of potassium nitrates from the UK dropped dramatically to X tons, which is down by X% compared with the previous year. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, potassium nitrate exports fell notably to $X in 2023. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Ireland (X tons), Germany (X tons) and Finland (X tons) were the main destinations of potassium nitrate exports from the UK, together comprising X% of total exports. France lagged somewhat behind, accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potassium nitrate exported from the UK were Finland ($X), Ireland ($X) and Germany ($X), with a combined X% share of total exports. France lagged somewhat behind, accounting for a further X%.

In terms of the main countries of destination, France, 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 potassium nitrate export price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price recorded a strong increase. The pace of growth was the most pronounced in 2022 an increase of X%. The export price peaked in 2023 and is expected to retain growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Nitrate Imports

Imports into the UK

In 2023, purchases abroad of potassium nitrates decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports recorded a deep slump. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, potassium nitrate imports reduced markedly to $X in 2023. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Chile (X tons), Jordan (X tons) and Denmark (X tons) were the main suppliers of potassium nitrate imports to the UK, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium nitrate suppliers to the UK were Chile ($X), Jordan ($X) and Denmark ($X), together comprising X% of total imports.

In terms of the main suppliers, Chile, with a CAGR of X%, recorded 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 2023, the average potassium nitrate import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, potassium nitrate import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2023.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Israel (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform