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Potassium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22640
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Potassium Chloride Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Potassium Chloride | Bulk Chemical and Fertilizer | Canada | 355 USD/MT |
| Potassium Chloride | Bulk Chemical and Fertilizer | China | 415 USD/MT |
| Potassium Chloride | Bulk Chemical and Fertilizer | Belgium | 495 USD/MT |
| Potassium Chloride | Bulk Chemical and Fertilizer | Jordan | 440 USD/MT |
The price of potassium chloride in Canada reached 355 USD/MT in Q4 of 2023. The prices of the product increased marginally during Q4, driven by strong demand from the downstream fertilizer industry and an improvement in industrial activities. On the other hand, concerns were raised about a possible supply crunch on account of a labor strike at St. Lawrence Seaway.
The price trend for potassium chloride in China accounted for 415 USD/MT in December 2023. There was an increased demand due to improved inquiries from downstream fertilizer manufacturing and other related industries, leading to high procurement and domestic consumption of the product. However, the cost support from the upstream potassium carbonate was weak during Q4.
In Belgium, potassium chloride reached 495 USD/MT in Q4 of 2023 due to improved demand conditions. The pricing trend in Belgium showed a 2.9% increase in October, followed by a 3.7% increase in November. Besides this, prices decreased by 2.7% in December. When comparing the current quarter to the same quarter last year, there was a 169% increase in prices.
Jordan’s potassium chloride price reached 440 USD/MT in December 2023, representing a 5% decrease from the previous quarter and a 137% increase as compared to the same quarter last year. The market experienced a bearish trend with low demand.
Potassium Chloride Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Potassium Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of potassium chloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of potassium chloride at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of potassium chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing potassium chloride price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Potassium Chloride Market Analysis
The global potassium chloride market size reached 68.4 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 98.5 Million Tons, at a projected CAGR of 4.10% during 2023-2032.
- There is a rise in the utilization of potassium chloride in the agriculture sector as a fertilizer to overcome plant deficiencies. It is the most widely applied K fertilizer because of its relatively low cost, and it includes more K than most other sources. Potassium also helps regulate the opening and closing of the stomata, which regulates the exchange of water vapor, oxygen, and carbon dioxide. In addition, potassium chloride benefits in increasing root growth, improving drought resistance, maintaining turgor, and reducing water loss and wilting. It also aids in photosynthesis and food formation and prevents energy loss. Besides this, the increasing need for food products globally is catalyzing the demand for potassium chloride. Farmers are focusing on incorporating this fertilizer to increase their crop production and to fulfill the food requirements of the population. The production of primary crop commodities reached 9.5 Billion Tons in 2021 worldwide, as claimed by the Food and Agriculture Organization (FAO).
- Potassium chloride is used to treat or prevent low amounts of potassium in the blood of individuals. It allows cells, kidneys, heart, muscles, and nerves to work properly. It serves as a medication that is available as an injectable, ready-made solution, or soluble powder. Additionally, there is an increase in the consumption of potassium chloride medications to reduce high blood pressure and lower the risk of developing heart disease and stroke. Furthermore, rising cases of heart diseases among the masses worldwide is impelling the market growth.
- The potassium chloride demand is further propelled by its utilization in various food and beverage (F&B) products as a flavor enhancer, nutrient supplement, potential of hydrogen (pH) control agent, and stabilizer or thickener. It acts as a substitute for sodium chloride in low-sodium or salt-free food products. Moreover, the growing demand for potassium chloride in various ready-to-eat (RTE) and convenient food items are positively influencing the market.
Potassium Chloride News
The report covers the latest developments, updates, and trends impacting the global potassium chloride market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in potassium chloride production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the potassium chloride price trend.
Latest developments in the potassium chloride industry:
- In 5 April 2023, Uralkali signed a contract with Indian Potash Limited (IPL) to supply potassium chloride at a price of US$ 422 per ton under CFR terms and conditions.
Product Description
Potassium chloride is a salt-like metal compound that contains potassium and chloride. It comes in the form of white, colorless, cube-shaped crystals and has a strong and salty taste. It can be easily dissolved in water, when in solid form. It can be directly extracted from some minerals, such as carnallite, sylvite, and potash.
Potassium chloride is highly soluble in alcohol but not soluble in ether. It has a melting point of 1040 K and boiling point of 1690 K. It is used in the manufacture of potash, an important form of fertilizer that enriches soils with potassium, which promotes the growth of plant life. It has the potential to be used as a fire extinguishing agent. Besides this, it is utilized to treat low potassium levels or hypokalemia among individuals.
Regional Coverage
The report provides a detailed analysis of the potassium chloride market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the potassium chloride price trend.
Global Potassium Chloride Price
The report offers a holistic view of the global potassium chloride pricing trends in the form of potassium chloride price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of potassium chloride but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed potassium chloride demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Potassium Chloride Price
Potassium chloride in the European region witnessed mixed conditions. There was an increased product demand due to improved inquiries from fertilizer manufacturers and steady imports from overseas markets. The resumption of fertilizer trade between Russia, the USA, and Europe had a positive impact on the market outlook. In addition, the supply of potassium chloride was moderate, with increased import rates from the fertilizer industry and higher offtakes from the consumer market.
This analysis can be extended to include detailed potassium chloride price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Potassium Chloride Price
In North America, the potassium chloride market experienced a mixed trend. Initially, there was a marginal decrease in prices owing to slowing demand from downstream industries, leading to built-up inventories. Besides this, industrial activities were contracted due to a decline in the manufacturing PMI. A firm demand from the fertilizer industry was observed that is supported by steady purchasing activity and improved market sentiments.
Specific potassium chloride historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Potassium Chloride Price
The potassium chloride market in the Middle East and Africa (MEA) region faced several challenges. The market showed a bearish trend owing to weak demand from the downstream fertilizer industry, resulting in a decline in prices as consumer inquiries and procurement of the product slowed down. In addition, there was moderate to high supply in the market, with manufacturers operating at a steady pace with sufficient material availability.
In addition to region-wise data, information on potassium chloride prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Potassium Chloride Price
The potassium chloride pricing in the Asia Pacific region saw a positive market sentiment. The demand for potassium chloride increased on account of improved inquiries from downstream fertilizer manufacturing and other related industries. This led to high procurement and domestic consumption of the product. Furthermore, inventories of potassium chloride remained moderate, and no major constraints were observed in the supply chain.
This potassium chloride price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Potassium Chloride Price
The analysis of potassium chloride prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Potassium Chloride |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Potassium Chloride Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of potassium chloride pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting potassium chloride price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The potassium chloride price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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