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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 potassium chloride prices in Canada for Q4 2023 reached 355 USD/MT in December. The market witnessed a slight rise in prices due to robust demand from fertilizer sector. This was supported by an uptick in industrial activity. However, concerns emerged about potential supply disruptions from a labor strike affecting crucial transport routes. The market experienced no plant shutdowns during this period.
The price trend for potassium chloride in China for Q4 2023, reached 415 USD/MT in December. The fourth quarter witnessed a positive market growth in China, driven by increased demand from fertilizer producers. Despite some economic challenges and weaker upstream cost support, domestic consumption remained strong. The market faced a minor price drop from the previous quarter, though it still showed a significant year-over-year increase.
The price trend for potassium chloride in Belgium for Q4 2023, reached 495 USD/MT in December. In Europe during the fourth quarter of 2023, Belgium's potassium chloride market witnessed fluctuating prices. Demand from fertilizer producers remained strong, bolstered by resumed trade with other regions. While prices initially increased, they later fell slightly due to a slowdown in demand. Overall, the market experienced a significant price rise compared to the previous year.
The price trend for potassium chloride in Jordan for Q4 2023, reached 440 USD/MT in December. The market in Jordan faced challenges in the fourth quarter, with weak demand from the fertilizer sector leading to declining prices. Despite steady supply, high inventories contributed to decreased purchasing activity. Prices initially increased with positive demand but later decreased as the market weakened, reflecting overall bearish trends.
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 the current price but also provides insights into potassium chloride historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into potassium chloride 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
Europe's potassium chloride market in the fourth quarter of 2023 faced mixed conditions. Strong demand from fertilizer manufacturers and steady imports supported market stability, while resumption of trade with Russia and the USA provided a boost. However, a downturn in Eurozone manufacturing production created a bearish market trend. Despite increased production costs due to higher energy and raw material prices, Belgium witnessed rising prices initially, though they later declined slightly. Overall, the European market experienced fluctuations in pricing due to varying demand and production costs, with a significant year-over-year price increase reflecting the underlying demand dynamics.
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 Q4 2023, the North American potassium chloride market exhibited a mixed performance. Prices initially fell due to reduced demand from downstream industries and rising inventories, coupled with a decline in industrial activities. Despite this, the heightening demand from the fertilizer segment and improved market sentiment led to a modest increase in prices. In Canada, the market witnessed a slight price rise due to robust fertilizer sector demand and improved industrial activity, although concerns about potential supply issues from labor strikes at a key transport hub lingered. Throughout the quarter, no plant shutdowns were witnessed, contributing to a complex market environment influenced by fluctuating demand and supply concerns.
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 MEA region encountered several challenges in Q4 2023. Lower demand from the fertilizer industry led to a bearish market trend, with a resultant decline in prices as procurement slowed. Despite moderate to rising supply levels and stable manufacturing operations, high inventories contribute to declining purchasing activity. Prices initially increased owing to positive downstream demand but fell in response to weakened market conditions and decreased inquiries from international markets. The Jordanian market witnessed a notable decrease in demand and prices, reflecting broader regional trends of inventory surplus and subdued market activity.
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 fourth quarter of 2023 brought a positive outlook for the Potassium Chloride market in the APAC region. Increased demand from fertilizer producers and related industries spurred higher procurement and domestic consumption. Supply conditions remained stable with moderate inventories and no significant disruptions. Despite weaker cost support from upstream Potassium Carbonate, the market witnessed continued strong demand, particularly in China, where improved consumption and favorable crop conditions bolstered the market. Economic challenges, including deflationary pressures and a drop in manufacturing activity, did not significantly dampen the overall positive trend in demand.
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.
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- For further assistance, please connect with our analysts.
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