EU: 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 the EU

The EU market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers surged to $X in 2023, picking up by X% against the previous year. In general, consumption posted a resilient increase. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers expanded rapidly to $X in 2023 estimated in export price. In general, production, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the near future.

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

Exports in the EU

In 2023, overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports of attained the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reached $X in 2023. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

The Netherlands was the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Belgium (X tons), achieving a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports from the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. While the share of the Netherlands (X p.p.) and Belgium (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplying countries in the European Union were the Netherlands ($X) and Belgium ($X).

Among the main exporting countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

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

Imports in the EU

In 2023, supplies from abroad of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers skyrocketed to $X in 2023. In general, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Poland (X tons) and the Netherlands (X tons) were the largest importers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the European Union, together amounting to near X% of total imports. France (X tons) took the next position in the ranking, followed by Germany (X tons) and Belgium (X tons). All these countries together took near X% share of total imports. Denmark (X tons) and Spain (X tons) followed a long way behind the leaders.

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

In value terms, Poland ($X) constitutes the largest market for imported carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in the European Union, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Poland totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform