United Kingdom: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in the UK

The UK potassium chloride (MOP) market declined dramatically to $X in 2023, falling by X% against the previous year. Over the period under review, consumption recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Potassium Chloride (Mop) Production in the UK

In value terms, potassium chloride (MOP) production dropped to $X in 2023 estimated in export price. In general, production saw a drastic downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Potassium chloride (MOP) production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Potassium Chloride (Mop) Exports

Exports from the UK

For the fourth year in a row, the UK recorded growth in overseas shipments of potassium chloride (MOP), which increased by X% to X tons in 2023. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to continue growth in the near future.

In value terms, potassium chloride (MOP) exports declined dramatically to $X in 2023. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2022, and then fell notably in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for potassium chloride (MOP) exports from the UK, accounting for a X% share of total exports. Moreover, potassium chloride (MOP) exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), Poland ($X) and Brazil ($X) were the largest markets for potassium chloride (MOP) exported from the UK worldwide, together comprising X% of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced a decline.

Potassium Chloride (Mop) Imports

Imports into the UK

Potassium chloride (MOP) imports into the UK dropped notably to X tons in 2023, which is down by X% against the previous year. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) imports declined to $X in 2023. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then shrank in the following year.

Imports by Country

Israel (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of potassium chloride (MOP) imports to the UK, together comprising X% of total imports. Canada, Belgium and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium chloride (MOP) suppliers to the UK were Israel ($X), Spain ($X) and Germany ($X), together comprising X% of total imports. Canada, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potassium chloride (MOP) import price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, import price indicated a slight expansion 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, potassium chloride (MOP) import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. The import price peaked in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform