Saudi Arabia - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPotassium Chloride (MOP) Price in Saudi Arabia - 2021
Contents:
- Potassium Chloride (MOP) Price in Saudi Arabia (CIF) - 2022
- Potassium Chloride (MOP) Price in Saudi Arabia (FOB) - 2022
- Potassium Chloride (MOP) Imports in Saudi Arabia
- Potassium Chloride (MOP) Exports in Saudi Arabia
Potassium Chloride (MOP) Price in Saudi Arabia (CIF) - 2022
The average potassium chloride (MOP) import price stood at $309 per ton in 2022, declining by -2.2% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 23% against the previous year. The import price peaked at $612 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Jordan.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +3.2% per year.
Potassium Chloride (MOP) Price in Saudi Arabia (FOB) - 2022
In 2021, the average potassium chloride (MOP) export price amounted to $536 per ton, increasing by 7.6% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2019 an increase of 19% against the previous year. The export price peaked at $745 per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($446 per ton), while the average price for exports to Oman ($100 per ton) was amongst the lowest.
From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+20.0%), while the prices for the other major destinations experienced a decline.
Potassium Chloride (MOP) Imports in Saudi Arabia
Potassium chloride (MOP) imports into Saudi Arabia reduced markedly to 92K tons in 2022, dropping by -28.1% on the previous year's figure. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 128%. As a result, imports attained the peak of 128K tons, and then reduced notably in the following year.
In value terms, potassium chloride (MOP) imports declined notably to $28M in 2022. Overall, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 145% against the previous year. As a result, imports attained the peak of $40M, and then contracted notably in the following year.
Import of Potassium Chloride (MOP) in Saudi Arabia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Jordan | 17.3 | 13.6 | 39.2 | 28.1 | 17.5% |
Others | 1.0 | 2.9 | 1.3 | 0.4 | -26.3% |
Total | 18.3 | 16.5 | 40.5 | 28.5 | 15.9% |
Top Suppliers of Potassium Chloride (MOP) to Saudi Arabia in 2022:
- Jordan (91.3K tons)
Potassium Chloride (MOP) Exports in Saudi Arabia
For the third consecutive year, Saudi Arabia recorded growth in shipments abroad of potassium chloride (MOP), which increased by 301% to 6.1K tons in 2021. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 3,025% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.
In value terms, potassium chloride (MOP) exports skyrocketed to $3.3M in 2021. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 3,523% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.
Export of Potassium Chloride (MOP) in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Kuwait | N/A | N/A | 602 | 0% | |
Jordan | N/A | 46.2 | 173 | 274.5% | |
Bahrain | N/A | 715 | 98.7 | -86.2% | |
Oman | N/A | N/A | 31.5 | 0% | |
Others | 21.0 | N/A | 2,378 | 964.1% | |
Total | 21.0 | 761 | 3,283 | 1150.3% |
Top Export Markets for Potassium Chloride (MOP) from Saudi Arabia in 2022:
- Kuwait (1.6K tons)
- Jordan (0.5K tons)
- Oman (0.3K tons)
- Bahrain (0.2K tons)
This report provides an in-depth analysis of the potassium chloride (mop) market in Saudi Arabia. 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 4016 - Potassium chloride (muriate of potash) (MOP)
Country coverage:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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 potassium chloride (mop) market in Saudi Arabia.
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Explore the top import markets for Potassium Chloride (MOP) in the world. Brazil, United States, China, and more lead the market. Key statistics and numbers provided.
A prolonged price rally is expected in the potassium chloride (MOP) market owing to anticipated supply chain disruptions after the U.S., the UK, Canada and EU countries have imposed sanctions on a major potassium chloride supplier, Belarus Potash Company (BPC). Limited exports from Canada will be another factor instigating price growth. MOP prices have already started to rise in Brazil due to supply delays. The average annual MOP price is projected to surge by 55% y-o-y to near $325 per ton in 2022.
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Explore the top import markets for Potassium Chloride (MOP) in the world. Brazil, United States, China, and more lead the market. Key statistics and numbers provided.
A prolonged price rally is expected in the potassium chloride (MOP) market owing to anticipated supply chain disruptions after the U.S., the UK, Canada and EU countries have imposed sanctions on a major potassium chloride supplier, Belarus Potash Company (BPC). Limited exports from Canada will be another factor instigating price growth. MOP prices have already started to rise in Brazil due to supply delays. The average annual MOP price is projected to surge by 55% y-o-y to near $325 per ton in 2022.
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