Southern 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 Southern Asia

The South Asian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reduced remarkably to $X in 2023, with a decrease of X% against the previous year. Overall, consumption showed a perceptible contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, production of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reduced to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 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 Southern Asia

In 2023, exports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers in Southern Asia dropped sharply to X tons, declining by X% on 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then fell sharply 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 dramatically to $X in 2023. Over the period under review, exports, however, saw buoyant growth. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

The shipments of the one major exporters of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

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

Imports in Southern Asia

In 2023, approx. X tons of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers were imported in Southern Asia; which is down by X% compared with the previous year. Overall, imports showed a perceptible curtailment. The growth pace was the most rapid in 2022 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reduced rapidly to $X in 2023. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

India (X tons) and Sri Lanka (X tons) prevails in fertilisers structure, together committing X% of total imports. Pakistan (X tons) and Nepal (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 leading importing countries, was attained by Nepal (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sri Lanka ($X), India ($X) and Pakistan ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Nepal lagged somewhat behind, comprising a further X%.

In terms of the main importing countries, Nepal, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, rising by X% against the previous year. Overall, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform