In February 2025, one metric ton of muriate of potash (MOP), also known as potassium chloride, cost 319 U.S. dollars. In April 2022, the price of MOP hit a high of 1,202 U.S. dollars per metric ton.

The price of potash increased drastically in 2022 compared to previous years, at an estimated average of 1,700 U.S. dollars per metric ton free on board, compared to 1,120 the year before. During the period of consideration, the lowest potash price was in 2010, at an average 630 U.S. dollars per metric ton.

Learn about the factors that influence the price of potash fertilizer, including supply and demand, production costs, and market conditions. Understand how these factors impact the global market and why prices can vary depending on the type and region of the fertilizer.

The price of potassium chloride fertilizer reached a 13-year high in 2022 at 863 U.S. dollars per metric ton, potentially as a result of the increased demand and global supply chain concerns related to the Russia-Ukraine conflict. However, this declined in 2023 to a price of 383 U.S. dollars per metric ton. It was predicted to decrease further, to around 290 U.S. dollars per metric ton by 2025.

Global fertilizer prices experienced significant volatility in 2022, with diammonium phosphate (DAP) reaching a peak of 954 U.S. dollars per metric ton in April before declining to 625 U.S. dollars by December. In the lead up to the Russian invasion of Ukraine urea fertilizer prices more than doubled from September to November of 2021.

In 2022, Canada had the world's largest potash reserves, with a share of over 33 percent of the total reserves. Belarus, the world's second-leading country in terms of potash reserves accounted for approximately 23 percent of global reserves as of that year. The global reserves of potash in potassium oxide equivalent exceeded 3.3 billion metric tons worldwide in 2022.

Canada: the global potash leader

In addition to holding the largest potash reserves, Canada is also the leading potash producing country worldwide. In fact, Canada consistently accounts for around one-third of global potash production every year. Canadian potash production has seen an overall increase over the past decade, and amounted to 24.6 million metric tons in 2022.

The global potash market

As potash is primarily used in the production of fertilizer for agriculture, it sees widespread usage throughout the world. Accordingly, potash is a globally important mineral commodity. The market size of potash fertilizers is expected to grow in coming years, rising from 26.1 billion U.S. dollars in 2021 to a projected 36.7 billion U.S. dollars by 2028. Nevertheless, the potash market is not immune to price disruptions. Potash prices rose steeply following the Russian invasion of Ukraine in early 2022.

The Japan caustic potash market size reached 264.0 Thousand Tons in 2024. Looking forward, IMARC Group expects the market to reach 335.0 Thousand Tons by 2033, exhibiting a growth rate (CAGR) of 2.7% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the Japan caustic potash market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on form, grade and end use.

This statistic displays the potential global supply of potash fertilizer from 2014 to 2024. In 2024, the potential supply of potash fertilizers is expected to reach some 93.2 million metric tons of muriate of potash equivalent. Increasing crop prices lead to increased fertilizer demands and has been especially noted in recent years in South Asia. Favorable weather also increases demand for fertilizers in major agricultural regions.

Explore how pricing for potassium hydroxide is influenced by factors like raw material costs, production capacity, energy consumption, and market demand. Learn about the impact of global economic conditions, potash costs, and regulatory changes on final pricing. Discover how industry trends and technological advancements shape price variations in different regions.

In 2023, imports of potassium sulphate (SOP) into Australia contracted slightly to 84K tons, declining by -4.4% against 2022 figures.

The India caustic potash market size reached 134,995.2 Tons in 2024. Looking forward, IMARC Group expects the market to reach 176,994.1 Tons by 2033, exhibiting a growth rate (CAGR) of 2.90% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the India caustic potash market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on form, grade and end use.

In 2023, overseas purchases of potassium sulphate (SOP) decreased by -36.8% to 78K tons, falling for the second year in a row after two years of growth.

A prolonged price rally is expected in the potassium chloride (MOP) market owing to anticipated supply chain disruptions after the U.S., the UK, Canada and EU countries have imposed sanctions on a major potassium chloride supplier, Belarus Potash Company (BPC). Limited exports from Canada will be another factor instigating price growth. MOP prices have already started to rise in Brazil due to supply delays. The average annual MOP price is projected to surge by 55% y-o-y to $325 per ton in 2022.

For the third year in a row, Australia recorded decline in overseas purchases of potassium hydroxide (caustic potash), which decreased by -82.8% to 2.4K tons in 2023.

In 2024, shipments abroad of potassium hydroxide (caustic potash) decreased by X% to X tons for the first time since 2020, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2024, the exports stood at a somewhat lower figure.

In 2023, potassium chloride (mop) imports into Australia skyrocketed to 336K tons, rising by 18% against 2022.

In 2023, after three years of growth, there was significant decline in purchases abroad of feldspar, when their volume decreased by -22.9% to 16K tons.