Potassium Chloride (MOP) Market in Canada
In value terms, potassium chloride (MOP) production declined modestly to $ in estimated in export price. Overall, the total production indicated a pronounced increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The pace of growth appeared the most rapid in 2009 when the production volume increased by % against the previous year. Potassium chloride (MOP) production peaked at $ in 2012; however, from 2013 to , production failed to regain momentum.
The size of the potassium chloride (MOP) market in Canada declined markedly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a deep reduction. As a result, consumption attained the peak level of $. From 2010 to , the growth of the market remained at a somewhat lower figure.
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .