Global Potassium Chloride (Mop) Market 2023

Potassium Chloride (Mop) Market Size

In 2021, the global potassium chloride (MOP) market increased by 4.1% to $X, rising for the fifth year in a row after three years of decline. The market value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 when the market value increased by 9.5% against the previous year. Over the period under review, the global market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Potassium Chloride (Mop) Production

In value terms, potassium chloride (MOP) production stood at $X in 2021 estimated in export price. Over the period under review, production saw a mild slump. The pace of growth was the most pronounced in 2019 with an increase of 12% against the previous year. Over the period under review, global production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Potassium Chloride (Mop) Exports

Exports

In 2021, shipments abroad of potassium chloride (MOP) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 17%. The global exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, potassium chloride (MOP) exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a noticeable downturn. The global exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada represented the largest exporter of potassium chloride (MOP) in the world, with the volume of exports reaching X tons, which was approx. 40% of total exports in 2021. It was distantly followed by Russia (X tons), Belarus (X tons), Israel (X tons) and the United States (X tons), together constituting a 52% share of total exports. Jordan (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +6.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Canada ($X), Russia ($X) and Belarus ($X) were the countries with the highest levels of exports in 2021, with a combined 77% share of global exports. These countries were followed by the United States, Israel and Jordan, which together accounted for a further 16%.

In terms of the main exporting countries, the United States, with a CAGR of +2.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2021, increasing by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the United States ($X per ton) and Israel ($X per ton), while Jordan ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-3.8%), while the other global leaders experienced a decline in the export price figures.

Potassium Chloride (Mop) Imports

Imports

In 2021, approx. X tons of potassium chloride (MOP) were imported worldwide; picking up by 2.3% against 2020. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Global imports peaked in 2021 and are expected to retain growth in the near future.

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

Imports by Country

In 2021, the United States (X tons) and Brazil (X tons) were the largest importers of potassium chloride (MOP)in the world, together finishing at near 46% of total imports. China (X tons) ranks next in terms of the total imports with a 13% share, followed by Indonesia (7.1%) and India (5.5%). The following importers - Malaysia (X tons), Belgium (X tons), Poland (X tons) and Thailand (X tons) - together made up 9.1% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +7.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest potassium chloride (MOP) importing markets worldwide were Brazil ($X), the United States ($X) and China ($X), with a combined 58% share of global imports.

Among the main importing countries, Brazil, with a CAGR of +3.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global 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, growing by 25% against the previous year. In general, the import price, however, showed a noticeable contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Brazil ($X per ton) and Thailand ($X per ton), while China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-3.0%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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