Italy: Potassium Sulphate (Sop) Market 2024

Potassium Sulphate (Sop) Market Size in Italy

The Italian potassium sulphate (SOP) market dropped markedly to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption saw a slight setback. Potassium sulphate (SOP) consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Potassium Sulphate (Sop) Production in Italy

In value terms, potassium sulphate (SOP) production shrank notably to $X in 2023 estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Potassium Sulphate (Sop) Exports

Exports from Italy

Potassium sulphate (SOP) exports from Italy reduced rapidly to X tons in 2023, with a decrease of X% on the previous year. Overall, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, potassium sulphate (SOP) exports dropped notably to $X in 2023. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

France (X tons) was the main destination for potassium sulphate (SOP) exports from Italy, accounting for a X% share of total exports. Moreover, potassium sulphate (SOP) exports to France exceeded the volume sent to the second major destination, Germany (X tons), threefold. Croatia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Croatia (X% per year).

In value terms, France ($X), Croatia ($X) and Germany ($X) constituted the largest markets for potassium sulphate (SOP) exported from Italy worldwide, with a combined X% share of total exports. Greece, the UK, Israel, Libya, Pakistan, Turkey, the United Arab Emirates, the Netherlands, Slovenia and Ukraine lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The average potassium sulphate (SOP) export price stood at $X per ton in 2023, falling by X% against the previous year. In general, export price indicated a moderate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, potassium sulphate (SOP) export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to France ($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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Sulphate (Sop) Imports

Imports into Italy

In 2023, supplies from abroad of potassium sulphate (SOP) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, potassium sulphate (SOP) imports expanded slightly to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Germany (X tons), Egypt (X tons) and Austria (X tons) were the main suppliers of potassium sulphate (SOP) imports to Italy, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium sulphate (SOP) suppliers to Italy were Germany ($X), Egypt ($X) and Austria ($X), together comprising X% of total imports.

Among the main suppliers, Egypt, 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 more modest paces of growth.

Import Prices by Country

The average potassium sulphate (SOP) import price stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

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

Source: IndexBox Platform