Potassium Chloride (MOP) Market in Canada
Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In 
, the Canadian potassium chloride (MOP) market decreased by -% to $, falling for the third consecutive year after two years of growth. Overall, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $. From 2010 to , the growth of the market failed to regain momentum.
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 Canadian potassium chloride (MOP) market decreased by -% to $, falling for the third consecutive year after two years of growth. Overall, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $. From 2010 to , the growth of the market failed to regain momentum.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.Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , consumption of potassium chloride (MOP) decreased by -% to tons, falling for the third year in a row after two years of growth. In general, consumption showed a deep contraction. As a result, consumption attained the peak volume of tons. From 2010 to , the growth of the consumption remained at a lower figure.
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.
, consumption of potassium chloride (MOP) decreased by -% to tons, falling for the third year in a row after two years of growth. In general, consumption showed a deep contraction. As a result, consumption attained the peak volume of tons. From 2010 to , the growth of the consumption remained at a lower figure.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.Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Depressed by shrinking demand for potassium chloride (MOP) in Canada, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
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 .
% for the period from to , which is projected to depress the market volume to tons by the end of .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 .Market Structure
Please note: Annual data for 2022 are preliminary and subject to revision
Over the period under review, imports of potassium chloride (MOP) in Canada were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for potassium chloride (MOP). In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Please note: Annual data for 2022 are preliminary and subject to revision
Canada remains a net exporter of potassium chloride (MOP); in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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