Eastern Europe: Potassium Sulphate (Sop) Market 2024

Potassium Sulphate (Sop) Market Size in Eastern Europe

The East European potassium sulphate (SOP) market declined to $X in 2022, with a decrease of X% against the previous year. Overall, consumption saw a noticeable slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Potassium Sulphate (Sop) Production in Eastern Europe

In value terms, potassium sulphate (SOP) production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Potassium Sulphate (Sop) Exports

Exports in Eastern Europe

In 2022, approx. X tons of potassium sulphate (SOP) were exported in Eastern Europe; rising by X% compared with 2021 figures. Overall, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium sulphate (SOP) exports expanded sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. The following exporters - Lithuania (X tons) and Latvia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to potassium sulphate (SOP) exports from Russia stood at X%. At the same time, Latvia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Lithuania (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest potassium sulphate (SOP) supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with a X% share of total exports.

In Russia, potassium sulphate (SOP) exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Latvia (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price recorded a buoyant increase. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the export price figures.

Potassium Sulphate (Sop) Imports

Imports in Eastern Europe

In 2022, approx. X tons of potassium sulphate (SOP) were imported in Eastern Europe; falling by X% against the year before. Over the period under review, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potassium sulphate (SOP) imports shrank to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) was the key importer of potassium sulphate (SOP), creating X% of total imports. Russia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Lithuania (X%), Hungary (X%) and the Czech Republic (X%). The following importers - Romania (X tons) and Ukraine (X tons) - each recorded a X% share of total imports.

Imports into Poland decreased at an average annual rate of X% from 2012 to 2022. At the same time, Russia (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Ukraine experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%), Lithuania (X%) and Romania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Poland and Hungary increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported potassium sulphate (SOP) in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Lithuania ($X), with an X% share of total imports. It was followed by Russia, with a X% share.

In Poland, potassium sulphate (SOP) imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Russia (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium sulphate (SOP) import price increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ukraine ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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