Russia is also one of the largest exporters of potassium chloride in the world. In 2020, Russia's potassium chloride exports reached 10.84 million tons, representing 19% of the global export trade volume. Russia’s exports are primarily directed toward markets in Asia, Europe, and Latin America. In recent years, factors such as international economic sanctions have adversely affected Russia's potassium chloride exports. The conflict in Ukraine, in particular, has intensified sanctions against Russia, leading some countries to reduce imports of potassium chloride from Russia. However, Russia has mitigated the negative impacts of sanctions by fostering close cooperation with countries in Asia and Latin America, such as China, India, and Brazil, enabling it to maintain a stable export market.
The analyst data shows that Russia’s total potassium chloride export value reached USD 6.58 billion in 2023.
The analysis indicates that Russia’s export markets for potassium chloride span the Americas and Asia, with Brazil being the largest destination. As a major agricultural producer, Brazil has a high demand for potassium chloride and other potassium fertilizers. China, India, Indonesia, and other Asian countries are also key markets for Russian potassium chloride. From 2022 to 2024, Russia's primary export destinations for potassium chloride included Brazil, China, the United States, Indonesia, India, and Malaysia. Leading companies importing this product from Russia include EUROCHEM TRADING GMBH, EUROCHEM TRADING MIDDLE EAST DMCC, and CORRIGO FERTILIZERS FZ-LLC. Major Russian exporters of potassium chloride include ПАО УРАЛКАЛИЙ, ЕВРОХИМ-УСОЛЬСКИЙ КАЛИЙНЫЙ and АГРОКАЛИЙ.
In summary, Russia's production and export of potassium chloride play a critical role in the global potassium fertilizer market. Its production and export volumes rank among the top globally, significantly influencing the global supply, pricing, and market dynamics of potassium fertilizer. According to the analyst, while geopolitical tensions and economic sanctions may present challenges to Russia’s potassium chloride exports, the ongoing development of global agricultural production and the increasing demand for potassium fertilizers will ensure that Russia continues to play a significant role in the global potassium fertilizer market.
Topics covered:
- The Import and Export of Potassium Chloride in Russia (2022-2024)
- Total Export Volume and Percentage Change of Potassium Chloride in Russia (2022-2024)
- Total Export Value and Percentage Change of Potassium Chloride in Russia (2022-2024)
- Total Export Volume and Percentage Change of Potassium Chloride in Russia (January-April 2024)
- Total Export Value and Percentage Change of Potassium Chloride in Russia (January-April 2024)
- Average Export Price of Potassium Chloride in Russia (2022-2024)
- Top 10 Export Destinations for Russia Potassium Chloride and Their Import Volume
- Top 10 Suppliers in the Export Market of Potassium Chloride in Russia and Their Export Volume
- Top 10 Buyers in the Export Market of Potassium Chloride in Russia and Their Import Volume
- How to Find International Distributors and End Users of Potassium Chloride in Russia
- How Foreign Enterprises Enter the Potassium Chloride Export Market of Russia
- Forecast for the Export of Potassium Chloride in Russia (2024-2033)
Table of Contents
Companies Mentioned
- Eurochem Trading GmbH
- Eurochem Trading Middle East Dmcc
- Corrigo Fertilizers Fz-Llc
- Пао Уралкалий
- Еврохим-Усольский Калийный
- Агрокалий
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | October 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 6.78 Billion |
| Forecasted Market Value ( USD | $ 8.92 Billion |
| Compound Annual Growth Rate | 3.1% |
| Regions Covered | China |
| No. of Companies Mentioned | 6 |
