Indonesia: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in Indonesia

After three years of growth, the Indonesian potassium chloride (MOP) market decreased by X% to $X in 2023. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Potassium Chloride (Mop) Exports

Exports from Indonesia

In 2023, potassium chloride (mop) exports from Indonesia was estimated at X tons, growing by X% on the previous year's figure. In general, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, potassium chloride (MOP) exports dropped markedly to $X in 2023. Overall, exports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for potassium chloride (MOP) exports from Indonesia, accounting for a X% share of total exports. Moreover, potassium chloride (MOP) exports to Australia exceeded the volume sent to the second major destination, Timor-Leste (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (X% per year) and Singapore (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for potassium chloride (MOP) exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by Timor-Leste ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (X% per year) and Singapore (X% per year).

Export Prices by Country

The average potassium chloride (MOP) export price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped sharply in the following year.

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

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Potassium Chloride (Mop) Imports

Imports into Indonesia

In 2023, after three years of growth, there was significant decline in supplies from abroad of potassium chloride (MOP), when their volume decreased by X% to X tons. Over the period under review, total imports indicated a mild increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, potassium chloride (MOP) imports declined to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2023, Canada (X tons) constituted the largest supplier of potassium chloride (MOP) to Indonesia, with a X% share of total imports. Moreover, potassium chloride (MOP) imports from Canada exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by Belarus (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Belarus (X% per year).

In value terms, Canada ($X) constituted the largest supplier of potassium chloride (MOP) to Indonesia, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2023, the average potassium chloride (MOP) import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform