Indonesia - Potassium Sulphate (SOP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Sulphate (SOP) Price in Indonesia - 2022
Contents:
- Potassium Sulphate (SOP) Price in Indonesia (FOB) - 2022
- Potassium Sulphate (SOP) Price in Indonesia (CIF) - 2022
- Potassium Sulphate (SOP) Exports in Indonesia
- Potassium Sulphate (SOP) Imports in Indonesia
Potassium Sulphate (SOP) Price in Indonesia (FOB) - 2022
In March 2022, the average potassium sulphate (SOP) export price amounted to $730 per ton, growing by 25% against the previous month. Overall, export price indicated a buoyant expansion from March 2021 to March 2022: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, potassium sulphate (SOP) export price increased by +38.4% against January 2022 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Australia.
From March 2021 to March 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +7.2% per month.
Potassium Sulphate (SOP) Price in Indonesia (CIF) - 2022
In 2022, the average potassium sulphate (SOP) import price amounted to $1,254 per ton, growing by 69% against the previous year. In general, the import price recorded a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($6,325 per ton), while the price for the Philippines ($841 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+35.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Sulphate (SOP) Exports in Indonesia
In 2022, shipments abroad of potassium sulphate (SOP) decreased by -12.6% to 13K tons, falling for the second year in a row after two years of growth. In general, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -26.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 55%. As a result, the exports reached the peak of 18K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, potassium sulphate (SOP) exports skyrocketed to $10M in 2022. Overall, exports, however, showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Potassium Sulphate (SOP) in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.3 | 3.1 | 3.4 | 7.3 | 47.0% |
| India | 0.6 | 2.3 | 2.5 | 2.6 | 63.0% |
| Cambodia | N/A | N/A | N/A | 0.3 | 0% |
| South Korea | 1.0 | N/A | N/A | N/A | 0% |
| Peru | 0.4 | 0.1 | N/A | N/A | -75.0% |
| South Africa | 0.4 | 0.4 | 0.2 | N/A | -29.3% |
| Pakistan | N/A | 0.3 | 0.4 | N/A | 33.3% |
| Others | 0.5 | 0.8 | 0.4 | 0.2 | -26.3% |
| Total | 5.2 | 7.0 | 6.9 | 10.4 | 26.0% |
Top Export Markets for Potassium Sulphate (SOP) from Indonesia in 2022:
- Australia (9.6K tons)
- India (3.0K tons)
- Cambodia (0.3K tons)
Potassium Sulphate (SOP) Imports in Indonesia
In 2022, supplies from abroad of potassium sulphate (SOP) decreased by -24.3% to 2.8K tons, falling for the second year in a row after two years of growth. In general, imports recorded a deep slump. The growth pace was the most rapid in 2020 when imports increased by 28%. As a result, imports attained the peak of 6.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, potassium sulphate (SOP) imports surged to $3.6M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Potassium Sulphate (SOP) in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 348 | 836 | 1,146 | 2,479 | 92.4% |
| Australia | 5.3 | 1.7 | 2.1 | 367 | 310.6% |
| Philippines | 298 | 177 | 70.0 | 199 | -12.6% |
| Germany | 0.2 | 527 | 4.2 | 191 | 884.8% |
| Vietnam | N/A | N/A | 1,079 | 155 | -85.6% |
| Netherlands | 156 | 84.6 | 63.7 | 76.4 | -21.2% |
| Belgium | 17.3 | 18.7 | 32.4 | 56.3 | 48.2% |
| China | 2,094 | 1,776 | 350 | 22.0 | -78.1% |
| Others | 86.9 | 52.8 | 32.3 | 14.4 | -45.1% |
| Total | 3,006 | 3,474 | 2,780 | 3,559 | 5.8% |
Top Suppliers of Potassium Sulphate (SOP) to Indonesia in 2022:
- South Korea (2016.0 tons)
- Philippines (236.0 tons)
- Germany (215.0 tons)
- Vietnam (162.0 tons)
- Netherlands (67.1 tons)
- Australia (58.0 tons)
- Belgium (46.2 tons)
- China (24.2 tons)
This report provides an in-depth analysis of the potassium sulphate (sop) market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4017 - Potassium sulphate (sulphate of potash) (SOP)
Country coverage:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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