View monthly updates and historical trends for Potassium Chloride (Muriate of Potash) Spot Price. Source: World Bank. Track economic data with YCharts ana…

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

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Potash Market Size 2025-2029

The potash market size is forecast to increase by USD 16.82 billion, at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for fertilizers, driven by the expanding agricultural sector, particularly in developing countries. Simultaneously, global potash production capacity is expanding to meet this rising demand. However, the market faces a notable challenge with the high price of SOP (Sulfate of Potash) fertilizers, which may hinder the affordability and accessibility for some farmers. This dynamic market landscape requires strategic planning for companies seeking to capitalize on the growing demand while navigating the challenges posed by the high SOP prices. Effective cost management, innovation, and strategic partnerships will be crucial for market success. Companies that can address these challenges and meet the growing demand for potash fertilizers will have a competitive edge in this expanding market.

What will be the Size of the Potash Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by the dynamic interplay of various sectors and market activities. Crop nutrition remains a primary application, with potash fertilizers playing a crucial role in yield enhancement and soil fertility management. Precision farming and nutrient management strategies have gained prominence, leading to increased demand for granular fertilizers and sulphate of potash. Bulk storage and blending are essential components of the supply chain, ensuring energy efficiency and water usage in the production process. Mining safety and environmental regulations are paramount in potash mining operations, with ongoing efforts to improve mining techniques and reduce the carbon footprint. Muriate of potash and other potassium-based fertilizers are in high demand, with export markets playing a significant role in price fluctuations. Commodity trading and futures markets help mitigate price volatility, providing stability for farmers and fertilizer distributors. The ongoing evolution of mining techniques and ore processing methods contributes to the continuous improvement of particle size and moisture content in potash products. Quality control and analytical testing are essential to ensure the physical properties and chemical analysis of potash fertilizers meet sustainability standards. Fertilizer application techniques continue to advance, with a focus on optimizing agricultural productivity and reducing waste. Liquid fertilizers and potassium chloride are gaining popularity due to their ease of application and nutrient efficiency. Waste management and environmental considerations are increasingly important in the production and distribution of potash fertilizers. In summary, the market is characterized by continuous evolution, with various sectors and market activities shaping its dynamics. From crop nutrition and mining operations to supply chain management and commodity trading, the potash industry remains a vital component of sustainable agriculture and global food production.

How is this Potash Industry segmented?

The potash industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userFertilizersGeneral industrialOthersProductMuriate of potashSulfate of potashPotassium nitrateOthersGeographyNorth AmericaUSCanadaEuropeGermanyRussiaAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW).

By End-user Insights

The fertilizers segment is estimated to witness significant growth during the forecast period.The market is primarily driven by the agricultural sector, where potash is extensively used as a fertilizer. This trend is anticipated to continue due to the numerous benefits potash provides to plants. Potash enhances crop nutrition by promoting proper plant maturation, improving root strength, increasing resistance to diseases, and boosting yield rates. Additionally, it contributes to enhancing the color, texture, taste, and overall quality of produce. Potash, a group of minerals containing potassium, is essential for various plant processes, including photosynthesis, water and nutrient uptake, and overall crop quality. The mining and processing of potash involve various techniques, such as extraction, bulk storage, and analytical testing, to ensure energy efficiency and water usage. Wholesale markets, bulk blending, and fertilizer distribution channels facilitate the availability of potash fertilizers to farmers and retailers. Mining operations adhere to sustainability standards, focusing on nutrient management, land reclamation, and

In 2023, Canada had the world's largest potash reserves, with a share of nearly 31 percent of the total reserves. Belarus, the world's second-leading country in terms of potash reserves accounted for approximately 21 percent of global reserves as of that year. The global reserves of potash in potassium oxide equivalent exceeded 3.5 billion metric tons worldwide in 2023. 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.

1249 Global export shipment records of Potash with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Canada Import Price Index: Customs: MM: NM: Potash data was reported at 168.100 2007=100 in Sep 2018. This records an increase from the previous number of 167.200 2007=100 for Aug 2018. Canada Import Price Index: Customs: MM: NM: Potash data is updated monthly, averaging 101.500 2007=100 from Jan 1997 (Median) to Sep 2018, with 261 observations. The data reached an all-time high of 185.200 2007=100 in Jan 2012 and a record low of 82.900 2007=100 in Mar 1997. Canada Import Price Index: Customs: MM: NM: Potash data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I031: Import Price Index: 2007=100.

Canada Export Price Index: Customs: sa: MM: NM: Potash data was reported at 133.800 2007=100 in Sep 2018. This records a decrease from the previous number of 134.000 2007=100 for Aug 2018. Canada Export Price Index: Customs: sa: MM: NM: Potash data is updated monthly, averaging 103.700 2007=100 from Jan 1997 (Median) to Sep 2018, with 261 observations. The data reached an all-time high of 199.400 2007=100 in Feb 2009 and a record low of 65.300 2007=100 in Mar 1997. Canada Export Price Index: Customs: sa: MM: NM: Potash data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I029: Export Price Index: 2007=100.

The global potash fertilizers market was valued at USD 28.28 Billion in 2024. The industry is expected to grow at a CAGR of 4.48% during the forecast period of 2025-2034 to reach a value of USD 43.83 Billion by 2034.

The rapid transformation of the potash fertilisers market is fuelled by surging food security demands and sustainable agriculture policies. Potash, known for promoting root development and improving drought resistance, is increasingly becoming vital in precision farming. In 2022, China consumed 8.91 million metric tonnes of potash fertiliser, the most of any country in the world. After consuming 7.11 million metric tonnes of potash fertiliser, Brazil came in second that year. Governments are tightening focus on soil health and balanced nutrient application, which directly supports market expansion.

India, under the Pradhan Mantri Krishi Sinchayee Yojana, has expanded subsidies and introduced tailored potassium-nutrient schemes to tackle nutrient imbalance in key grain-growing regions, boosting the potash fertilizer market development. Meanwhile, in Canada, the Minister of Agriculture and Agri-Food announced an investment of up to USD 1,685,858 for Sulvaris in Calgary, Alberta, to further develop new technology to produce high-efficiency fertilizers made with organic carbon. These strategic moves align with a broader push toward climate-smart fertilisation practices.

Beyond synthetic forms, research and development activities in bio-potash, derived from industrial and agro-waste, is gaining traction in the potash fertilizer market. Companies such as EcoPhos and BiOWiSH Technologies are piloting microbial-based potassium formulations to improve crop uptake efficiency while reducing groundwater contamination.

Canada RMPI: NM: Potash data was reported at 89.300 Jan2020=100 in Mar 2025. This records an increase from the previous number of 84.600 Jan2020=100 for Feb 2025. Canada RMPI: NM: Potash data is updated monthly, averaging 111.200 Jan2020=100 from Jan 2010 (Median) to Mar 2025, with 183 observations. The data reached an all-time high of 162.100 Jan2020=100 in Dec 2011 and a record low of 77.700 Jan2020=100 in Sep 2024. Canada RMPI: NM: Potash data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I020: Raw Materials Price Index: Jan2020=100.

Global potash production rose by 2.3% y/y to 46M tons of potassium oxide equivalent in 2021 and is to pick up 11% by 2025 due to the expansion of mining facilities in Russia, Canada and Belarus.

202 Global import shipment records of Potash,mop with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

This statistic describes imports of selected fertilizers into the U.S. in 2012, by value. Potassium muriate, a straight potash fertilizer, imports totaled around 3.47 billion U.S. dollars in 2012. The United States depends heavily on nitrogen and potash imports and is a net importer of these products. Trinidad and Canada supply a large amount of the United States' supply of nitrogen fertilizers, while Canada supplies a majority of potash fertilizers.

202 Global import shipment records of Potash with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Canada Production Value: Non-Metallic Mineral: Potash data was reported at 5,726,798.000 CAD th in 2018. This records an increase from the previous number of 4,371,065.000 CAD th for 2017. Canada Production Value: Non-Metallic Mineral: Potash data is updated yearly, averaging 2,339,074.000 CAD th from Dec 1993 (Median) to 2018, with 26 observations. The data reached an all-time high of 7,662,373.000 CAD th in 2008 and a record low of 946,438.000 CAD th in 1993. Canada Production Value: Non-Metallic Mineral: Potash data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.WB002: Shipment Value.

The Canadian market for carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers reduced modestly to $1.9B in 2024, which is down by -2.7% against the previous year. In general, consumption recorded a deep setback. Over the period under review, the market attained the peak level at $6.4B in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

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.

Canada Mineral Shipments: Value: Potash: Potassium Oxide data was reported at 184,924,731.000 CAD in Feb 2021. This records a decrease from the previous number of 218,407,799.000 CAD for Jan 2021. Canada Mineral Shipments: Value: Potash: Potassium Oxide data is updated monthly, averaging 226,379,250.000 CAD from Jan 2020 (Median) to Feb 2021, with 14 observations. The data reached an all-time high of 282,333,464.000 CAD in Apr 2020 and a record low of 167,020,560.000 CAD in Nov 2020. Canada Mineral Shipments: Value: Potash: Potassium Oxide data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.C027: Mineral Shipments: Non-Metallic.

Enterprise-Value-To-Ebitda-Ratio Time Series for Nutrien Ltd. Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Nutrien Ag Solutions, Potash, Nitrogen, and Phosphate. The Nutrien Ag Solutions segment distributes crop nutrients, crop protection products, seeds, and merchandise products; product application, soil and leaf testing, crop scouting, precision agriculture, water, and brokerage agency services; and financing solutions. The Potash segment provides granular and standard potash products. The Nitrogen segment offers ammonia, urea, environmentally smart nitrogen, nitrogen solutions, nitrates, and sulfates. The Phosphate segment provides solid fertilizer, liquid fertilizer, and industrial and feed products. The company was incorporated in 2017 and is headquartered in Saskatoon, Canada.

According to Cognitive Market Research, the global Potassium Carbonate market size will be USD 12,680.0 million in 2025. It will expand at a compound annual growth rate (CAGR) of 3.90% from 2025 to 2033.

North America held the major market share for more than 25% of the global revenue with a market size of USD 1315.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.1% from 2025 to 2033.
Europe accounted for a market share of over 24% of the global revenue with a market size of USD 1104.60 million.
APAC held a market share of around 44% of the global revenue with a market size of USD 2314.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 199.88 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 115.72 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 115.72 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2025 to 2033.
Aqueous Solution is the fastest growing segment of the Potassium Carbonate industry

Market Dynamics of Potassium Carbonate Market

Key Drivers for Potassium Carbonate Market

Growing Use in Glass Manufacturing Is Expected To Boost Market Growth

The growing use of potassium carbonate in glass manufacturing is a key driver of demand for this compound. Potassium carbonate is a vital raw material in the production of various types of glass, including specialty glasses like optical and container glass, as well as flat glass used in windows and electronics. It serves as a fluxing agent, which lowers the melting point of silica, allowing glass to be produced at lower temperatures. This results in energy savings during the manufacturing process and contributes to improved production efficiency. Major glass manufacturers have intensified efforts to lower carbon emissions. For example, NSG Group introduced Pilkington Mirai in 2023, a glass produced using alternative fuels, high recycled content, and 100% renewable electricity. Similarly, Guardian Glass developed Nexa, a low-carbon glass achieved through maximizing recycled glass (cullet) in production.

https://www.aramco.com/en/about-us/our-brand/powered-by-how/carbon-capture-technology?gad_source=1&gclid=Cj0KCQjwm7q-BhDRARIsACD6-fXuS2hj92UMx5ecfgurhoO8jCQds2vwlS3HMKTZdJyRe_J_Y2Sraz0aAu1fEALw_wcB”/

Rising Demand for Potassium-Based Fertilizers To Boost Market Growth

The rising demand for potassium-based fertilizers is a significant driving factor for the growth of the potassium carbonate market. Potassium is one of the three essential macronutrients required for plant growth, along with nitrogen and phosphorus. It plays a crucial role in enhancing plant health, improving resistance to diseases, and promoting strong root development, which in turn increases agricultural productivity. As global food demand continues to rise, particularly with the growing population and increasing focus on food security, there is an urgent need to optimize agricultural output. This has led to an increased reliance on high-quality fertilizers, including potassium-based ones. Potassium carbonate, as a readily available source of potassium, is widely used in the production of potassium fertilizers, particularly in regions with soil deficiencies in potassium. These fertilizers help enhance crop yields, improve nutrient uptake, and increase overall crop quality. In March 2025, the U.S. imposed 25% tariffs on most Canadian products, including fertilizers. Although some goods received temporary exemptions, these tariffs led to increased potash fertilizer prices in both the U.S. and Canada, affecting farmers' costs and economic stability.

Restraint Factor for the Potassium Carbonate Market

High Production Costs, Will Limit Market Growth

The high production costs of potassium carbonate can create challenges for manufacturers in terms of pricing competitiveness. This is particularly evident in markets where alternative sources of potassium fertilizers, such as potassium chloride or other potassium-based compounds, ar...

Canada GDP: 2002p: saar: MO: Mining: NM: Others: Potash Mining data was reported at 1,088.000 CAD mn in Oct 2012. This records an increase from the previous number of 1,079.000 CAD mn for Sep 2012. Canada GDP: 2002p: saar: MO: Mining: NM: Others: Potash Mining data is updated monthly, averaging 1,277.500 CAD mn from Jan 1997 (Median) to Oct 2012, with 190 observations. The data reached an all-time high of 1,638.000 CAD mn in Jun 2007 and a record low of 365.000 CAD mn in Feb 2009. Canada GDP: 2002p: saar: MO: Mining: NM: Others: Potash Mining data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.A060: CSNA 1997: GDP: by Industry: 2002 Price: saar. Annualized monthly data