United Kingdom - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in the UK - 2023
Contents:
- Potassium Sulphate (SOP) Price in the UK (CIF) - 2022
- Potassium Sulphate (SOP) Price in the UK (FOB) - 2022
- Potassium Sulphate (SOP) Imports in the UK
- Potassium Sulphate (SOP) Exports in the UK
Potassium Sulphate (SOP) Price in the UK (CIF) - 2022
The average potassium sulphate (SOP) import price stood at $807 per ton in 2022, almost unchanged from the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% 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) import price increased by +64.5% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $819 per ton, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,368 per ton), while the price for Belgium ($705 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Sulphate (SOP) Price in the UK (FOB) - 2022
The average potassium sulphate (SOP) export price stood at $521 per ton in 2022, growing by 34% against the previous year. In general, the export price, however, recorded a abrupt slump. The export price peaked at $2,209 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($1,493 per ton), while the average price for exports to Italy ($234 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 Ireland (+7.7%), while the prices for the other major destinations experienced a decline.
Potassium Sulphate (SOP) Imports in the UK
Potassium sulphate (SOP) imports into the UK skyrocketed to 12K tons in 2022, increasing by 26% against the year before. Over the period under review, imports posted a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 92% against the previous year. As a result, imports reached the peak of 20K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, potassium sulphate (SOP) imports surged to $10M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 92%. As a result, imports reached the peak of $11M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Potassium Sulphate (SOP) in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 2.5 | 2.6 | 0.8 | 5.8 | 32.4% |
Germany | 2.3 | 3.6 | 3.2 | 1.7 | -9.6% |
Netherlands | 0.4 | 4.3 | 3.0 | 1.4 | 51.8% |
Italy | N/A | N/A | 0.1 | 0.3 | 200.0% |
Ireland | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
France | 0.4 | N/A | 0.1 | N/A | -50.0% |
Others | 0.2 | 0.5 | 0.6 | 0.6 | 44.2% |
Total | 5.8 | 11.1 | 8.1 | 10.0 | 19.9% |
Top Suppliers of Potassium Sulphate (SOP) to the UK in 2022:
- France (undefinedK tons)
- Belgium (8.3K tons)
- Netherlands (1.7K tons)
- Germany (1.3K tons)
- Italy (0.4K tons)
- Ireland (0.2K tons)
Potassium Sulphate (SOP) Exports in the UK
In 2022, the amount of potassium sulphate (SOP) exported from the UK rose significantly to 3.3K tons, with an increase of 11% on the previous year. The total export volume increased at an average annual rate of +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of 3.4K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, potassium sulphate (SOP) exports surged to $1.7M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Potassium Sulphate (SOP) in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 583 | 409 | 636 | 733 | 7.9% |
Netherlands | 0.4 | 3.2 | 26.5 | 405 | 904.1% |
Italy | N/A | 350 | N/A | 145 | -35.6% |
Ireland | 145 | 88.8 | 181 | 92.6 | -13.9% |
Spain | 112 | 84.1 | 127 | 74.7 | -12.6% |
Others | 73.3 | 149 | 169 | 256 | 51.7% |
Total | 913 | 1,083 | 1,140 | 1,706 | 23.2% |
Top Export Markets for Potassium Sulphate (SOP) from the UK in 2022:
- France (1643.9 tons)
- Netherlands (750.7 tons)
- Italy (618.2 tons)
- Spain (100.2 tons)
- Ireland (62.0 tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in the UK. 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 - Potassium sulphate (sulphate of potash) (SOP)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the global potassium sulphate (sop) market.
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This report provides an in-depth analysis of the global potassium chloride (mop) market.
This report provides an in-depth analysis of the potassium sulphate (sop) market in the UK.
This report provides an in-depth analysis of the market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the UK.
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