Australia and Oceania: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Australia and Oceania

The potassium chloride (MOP) market in Australia and Oceania dropped markedly to $X in 2023, which is down by X% against the previous year. The total consumption indicated a tangible increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Potassium Chloride (Mop) Production in Australia and Oceania

In value terms, potassium chloride (MOP) production amounted to $X in 2023 estimated in export price. In general, production, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports in Australia and Oceania

In 2023, the amount of potassium chloride (MOP) exported in Australia and Oceania soared to X tons, growing by X% against 2022 figures. Overall, exports saw slight growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports skyrocketed to $X in 2023. In general, exports posted a prominent increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Australia (X tons) was the largest exporter of potassium chloride (MOP) in Australia and Oceania, committing X% of total export.

Australia was also the fastest-growing in terms of the potassium chloride (MOP) exports, with a CAGR of X% from 2012 to 2023. While the share of Australia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest potassium chloride (MOP) supplier in Australia and Oceania.

In Australia, potassium chloride (MOP) exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2023, the rate of growth in terms of prices for Australia amounted to X% per year.

Potassium Chloride (Mop) Imports

Imports in Australia and Oceania

Potassium chloride (MOP) imports declined dramatically to X tons in 2023, falling by X% compared with the previous year. Total imports indicated a perceptible expansion from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, potassium chloride (MOP) imports declined significantly to $X in 2023. In general, imports, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then shrank remarkably in the following year.

Imports by Country

Australia represented the largest importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by New Zealand (X tons), generating a X% share of total imports. Papua New Guinea (X tons) held a relatively small share of total imports.

Australia was also the fastest-growing in terms of the potassium chloride (MOP) imports, with a CAGR of X% from 2012 to 2023. New Zealand experienced a relatively flat trend pattern. Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points.

In value terms, Australia ($X) constitutes the largest market for imported potassium chloride (MOP) in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

In Australia, potassium chloride (MOP) imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform