Overview of the Global Market for Carnallite, Sylvite and Other Crude Natural Potassium Salts, Potassium Magnesium Sulphate and Mixtures of Potassic Fertilisers

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

In 2022, after two years of growth, there was decline in the global market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a perceptible descent. The growth pace was the most rapid in 2020 when the market value increased by X%. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, global production of hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports

For the sixth year in a row, the global market recorded growth in overseas shipments of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, which increased by X% to X tons in 2022. Overall, exports showed a buoyant expansion. As a result, the exports attained the peak 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 soared to $X in 2022. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan represented the key exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by the United States (X tons), the UK (X tons), Russia (X tons) and the Netherlands (X tons), together creating a X% share of total exports. The following exporters - Belarus (X tons) and China (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, 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 Jordan stood at X%. At the same time, China (X%), the UK (X%), the Netherlands (X%), Belarus (X%), Russia (X%) and the United States (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of the UK, the Netherlands, Russia and China increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier worldwide, comprising X% of global exports. The second position in the ranking was held by the United States ($X), with a X% share of global exports. It was followed by Russia, with a X% share.

In Jordan, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (X% per year) and Russia (X% per year).

Export Prices by Country

The average export price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other global 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 2022, global imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers soared to X tons, growing by X% on the previous year's figure. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue 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 2022. In general, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X tons), distantly followed by Brazil (X tons), Canada (X tons) and China (X tons) represented the key importers of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, together making up X% of total imports. The following importers - India (X tons), France (X tons), Japan (X tons), Germany (X tons), Guatemala (X tons), Denmark (X tons), the United States (X tons), Poland (X tons) and Belgium (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Brazil ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of global imports.

Among the main importing countries, Brazil, with a CAGR of X%, 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

The average import price for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 the United States ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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