Asia: Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers 2024

Market Size for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Asia

After five years of growth, the Asian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by X% to $X in 2023. Overall, consumption continues to indicate a mild decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers in Asia

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers expanded slightly to $X in 2023 estimated in export price. In general, production, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Exports in Asia

In 2023, after two years of growth, there was significant decline in overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2022, and then declined rapidly in the following year.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers dropped rapidly to $X in 2023. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Jordan represented the key exporter of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Malaysia (X tons), Turkey (X tons) and China (X tons), together committing a X% share of total exports. Indonesia (X tons), Vietnam (X tons) and Lao People's Democratic Republic (X tons) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Jordan amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated modest 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, export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced more modest paces of growth.

Imports of Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

Imports in Asia

After three years of growth, purchases abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers decreased by X% to X tons in 2023. Overall, imports saw a slight descent. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers fell sharply to $X in 2023. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2023, China (X tons), Sri Lanka (X tons), Japan (X tons), India (X tons) and Malaysia (X tons) represented the key importer of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Asia, generating X% of total import. Indonesia (X tons), the United Arab Emirates (X tons), Cambodia (X tons), Vietnam (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers importing markets in Asia were Japan ($X), Malaysia ($X) and Sri Lanka ($X), together accounting for X% of total imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform