Canada - Potassium Chloride (MOP) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPotassium Chloride (MOP) Price in Canada - 2023
Contents:
- Potassium Chloride (MOP) Price in Canada (FOB) - 2023
- Potassium Chloride (MOP) Price in Canada (CIF) - 2023
- Potassium Chloride (MOP) Exports in Canada
- Potassium Chloride (MOP) Imports in Canada
Potassium Chloride (MOP) Price in Canada (FOB) - 2023
The average potassium chloride (MOP) export price stood at $289 per ton in September 2023, waning by -10.7% against the previous month. Overall, the export price recorded a abrupt setback. The growth pace was the most rapid in January 2023 an increase of less than 0.1% m-o-m. Over the period under review, the average export prices hit record highs at $661 per ton in September 2022; however, from October 2022 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2023, the highest price was recorded for prices to India ($294 per ton) and Brazil ($294 per ton), while the average price for exports to the United States ($279 per ton) and Indonesia ($281 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-5.8%), while the prices for the other major destinations experienced a decline.
Potassium Chloride (MOP) Price in Canada (CIF) - 2023
In September 2023, the average potassium chloride (MOP) import price amounted to $1,967 per ton, rising by 73% against the previous month. In general, import price indicated a pronounced expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, potassium chloride (MOP) import price decreased by -18.0% against July 2023 indices. Over the period under review, average import prices hit record highs at $2,399 per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($2,590 per ton), while the price for Sweden ($971 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Chloride (MOP) Exports in Canada
For the fourth consecutive year, Canada recorded growth in overseas shipments of potassium chloride (MOP), which increased by 75% to 38M tons in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, potassium chloride (MOP) exports skyrocketed to $12.6B in 2022. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Potassium Chloride (MOP) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,365 | 2,175 | 2,974 | 4,998 | 28.3% |
| Brazil | 766 | 696 | 955 | 1,970 | 37.0% |
| China | 640 | 504 | 321 | 1,181 | 22.7% |
| Indonesia | 231 | 269 | 500 | 1,008 | 63.4% |
| India | 332 | 362 | 139 | 743 | 30.8% |
| Bangladesh | 36.3 | 12.4 | 51.7 | 503 | 140.2% |
| Malaysia | 148 | 122 | 205 | 454 | 45.3% |
| Belgium | 111 | 52.1 | 132 | 392 | 52.3% |
| Thailand | 67.1 | 54.2 | 64.3 | 198 | 43.4% |
| Others | 237 | 243 | 330 | 1,150 | 69.3% |
| Total | 4,934 | 4,489 | 5,672 | 12,596 | 36.7% |
Top Export Markets for Potassium Chloride (MOP) from Canada in 2022:
- United States (9.4M tons)
- Brazil (7.3M tons)
- China (5.0M tons)
- Indonesia (3.9M tons)
- India (3.1M tons)
- Bangladesh (1.7M tons)
- Malaysia (1.7M tons)
- Belgium (1.5M tons)
- Thailand (0.8M tons)
Potassium Chloride (MOP) Imports in Canada
In 2022, overseas purchases of potassium chloride (MOP) decreased by -19.7% to 4.2K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 185% against the previous year. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, potassium chloride (MOP) imports soared to $5M in 2022. Over the period under review, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 118%. As a result, imports reached the peak of $8.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Potassium Chloride (MOP) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,042 | 2,575 | 2,344 | 2,847 | 11.7% |
| Germany | 528 | 781 | 606 | 1,263 | 33.7% |
| Israel | 362 | 398 | 279 | 767 | 28.4% |
| Spain | 26.1 | 51.9 | 15.6 | 25.7 | -0.5% |
| Belarus | 373 | 742 | 432 | N/A | 7.6% |
| Others | 356 | 3,505 | 282 | 129 | -28.7% |
| Total | 3,687 | 8,052 | 3,959 | 5,031 | 10.9% |
Top Suppliers of Potassium Chloride (MOP) to Canada in 2022:
- United States (2371.8 tons)
- Germany (863.5 tons)
- Israel (687.8 tons)
- Spain (161.6 tons)
This report provides an in-depth analysis of the potassium chloride (mop) market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
-
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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595
Canada dominates the global exports of potassium chloride, providing 42% of its total volume. In 2020, Canadian potassium chloride exports grew by +8.8% y-o-y to 21M tons. The U.S., Brazil and China remain the key importers of Canadian potassium chloride. Last year, supplies to India, Indonesia and Brazil saw the most prominent growth rate among other trade partners. The average export price for Canadian potassium chloride dropped by -16.1% compared to the figures of the previous year.
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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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Canada dominates the global exports of potassium chloride, providing 42% of its total volume. In 2020, Canadian potassium chloride exports grew by +8.8% y-o-y to 21M tons. The U.S., Brazil and China remain the key importers of Canadian potassium chloride. Last year, supplies to India, Indonesia and Brazil saw the most prominent growth rate among other trade partners. The average export price for Canadian potassium chloride dropped by -16.1% compared to the figures of the previous year.
