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.

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

View monthly updates and historical trends for Potassium Chloride Spot Price. Source: International Monetary Fund. Track economic data with YCharts analyt…

Potassium chloride prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 161.55 USD per metric ton with a minimum of 22 USD per metric ton in January 1969 and a maximum of 1202 USD per metric ton in April 2022. | TheGlobalEconomy.com

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.

Global fertilizer prices experienced significant volatility in 2022, with diammonium phosphate (DAP) reaching a peak of *** U.S. dollars per metric ton in April before declining to *** 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 2021.

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.

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.

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.

According to Cognitive market research, the Global Potash Fertilizers Market is expected to have a market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

Asia-Pacific region has the largest market share in the Global Potash Fertilizers Market with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The North American region is the fastest-growing in the Global Potash Fertilizers Market with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The potassium Chlorides Potash Fertilizers segment is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.
The broadcasting segment is expected to have the largest market share with an expected market size of XX million in 2024 with a growing CAGR of XX% during the forecast period.

Market Dynamics

Key Drivers

Growing need to boost food production and raising awareness of the advantages of using potash fertilizers will boost the market growth

The growing need for potash fertilizers to boost crop productivity in light of the limited amount of land available for crop cultivation and the growing requirement for providing strengthening nutrients to shield plants from harmful pathogens that lower soil fertility and lower crop yield are the main factors propelling the growth of the potash fertilizers market. Furthermore, adding potash fertilizer and improving its application together with the increased need for high-performance fertilizers improve the overall quality of plants. It increases shelf life, which is another important element propelling the market for potash fertilizer. Expanding market value will be further supported by rising environmental consciousness. There are several lucrative market opportunities that would arise from increased agricultural investments and the requirement to boost pasture productivity. Additionally, the significant global population growth points to an increase in food demand, which would drive up the demand for potash in the manufacture of fertilizer. In addition, the market for potash fertilizers is anticipated to grow as a result of increasing consumer health consciousness brought on by busy lifestyles, rising consumption of cattle feed, and the use of potash fertilizers in the soil to improve the color, flavor, and texture of food crops. Therefore, the market is expected to grow significantly in the coming years.

The increasing demand from the agricultural industry and expansion of agricultural sectors is fuelling the market for potash fertilizers

Over the past few years, there has been a steady increase in the demand for potash fertilizers worldwide, primarily from the agricultural sector. For plants to perform a variety of tasks, including protein synthesis, enzyme activation, photosynthesis, and stomata management, potash supplies vital potassium ions. The need for increasing food production due to the growing global population has put significant pressure on farmers to raise crop yields. Along with nitrogen and phosphorus, potassium is one of the three main nutrients found in fertilizers. Data from the United Nations Food and Agriculture Organisation (FAO) show that the amount of potassium consumed globally increased from 34 million tonnes in 2010 to over 40 million tonnes in 2020. Farmers all around the world have been using a lot of potash-rich fertilizers to meet crop nutrition requirements. Over the course of the last ten years, imports of potash fertilizer have increased significantly in countries with sizable crop-producing regions, such as China, India, the United States, Brazil, and several African countries. Global agricultural sector expansion: One of the main factors propelling the growth of the potash fertilizers market has been the worldwide agricultural sector expansion. The world's population is expanding, and this is driving up demand for food and forcing farmers to increase crop yields. The Food and Agriculture Organisation (FAO) of the United Nations projects that by 2050, when the world's population approaches 10 billion, there will be a more than sixty percent rise in the need for food worldwide. Potash fertilizers, which supply potassium, an essential nutrient, are essential for improving several plant growth processes, such as improved prot...

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, the amount of potassium sulphate (SOP) imported into Australia dropped modestly to 84K tons, declining by -4.4% compared with 2022 figures.

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.

Kazakhstan: Potash production in thousand metric tones: The latest value from is thousand metric tons, unavailable from thousand metric tons in . In comparison, the world average is 0 thousand metric tons, based on data from countries. Historically, the average for Kazakhstan from to is thousand metric tons. The minimum value, thousand metric tons, was reached in while the maximum of thousand metric tons was recorded in .

In May 2025, the average potassium sulphate (SOP) import price amounted to $927 per ton, growing by 49% against the previous month.

Lithuania: Potash production in thousand metric tones: The latest value from is thousand metric tons, unavailable from thousand metric tons in . In comparison, the world average is 0 thousand metric tons, based on data from countries. Historically, the average for Lithuania from to is thousand metric tons. The minimum value, thousand metric tons, was reached in while the maximum of thousand metric tons was recorded in .

Controlled-Release Fertilizer Market Analysis The global controlled-release fertilizer market is projected to expand at a CAGR of 8.90% from 2025 to 2033, reaching a valuation of XX million by 2033. This growth is attributed to rising agricultural productivity, increasing adoption of precision farming techniques, and government initiatives promoting sustainable farming practices. Controlled-release fertilizers offer controlled nutrient release over an extended period, optimizing plant growth and minimizing environmental impact. Key market drivers include increasing demand for high-quality agricultural products, the growing popularity of fertigation systems, and the need to reduce labor costs in agriculture. The adoption of controlled-release fertilizers has enabled farmers to improve crop yields, reduce fertilizer consumption, and conserve water resources. However, factors such as high production costs, limited market penetration in developing countries, and the availability of low-cost alternatives may hinder market growth during the forecast period. Recent developments include: May 2022: ICL signed Framework agreements with customers in India and china to supply 600,000 and 700,000 metric tons of potash, respectively in 2022 at 590 USD per ton.February 2022: ICL's introduced lawn care fertilizers containing either urea coated with sulfur and a biodegradable polymer membrane (Poly-S) or resin-coated nitrogen combined with phosphorus and potash (PACE). This avoids uncontrolled shock growth, which means less mowing effort. The fertilizers are considered to be particularly easy and safe to use and are suitable for robotic lawnmowers.September 2021: Florikan announced major expansion of staging and temporary storage. These additions will help Florikan manage the growing demand for its premium lines of controlled-release fertilizer products which include, Nutricote®, Gal-XeONE™, and YLD™.. Key drivers for this market are: Shortage of Skilled Labor, Government Support to Enhance Farm Mechanization. Potential restraints include: Heavy Initial Procurement Cost and High Expenditure on Maintenance. Notable trends are: Polymer Coated is the largest Coating Type.

Madagascar: Potash production in thousand metric tones: The latest value from is thousand metric tons, unavailable from thousand metric tons in . In comparison, the world average is 0 thousand metric tons, based on data from countries. Historically, the average for Madagascar from to is thousand metric tons. The minimum value, thousand metric tons, was reached in while the maximum of thousand metric tons was recorded in .

The Fertiliser Manufacturing industry ensures that Australia's agricultural production systems are economically efficient in the short term and sustainable over the long run. Fertiliser manufacturers supply phosphorus, nitrogen, potassium and sulphur fertilisers, as well as a mix of high-analysis blends and trace elements. Between 6.0 million and 7.0 million tonnes of fertiliser are sold each year. However, only half of this is manufactured locally, with the remainder imported. This means the industry is susceptible to global supply-side shocks, with little control over fertiliser prices. Recently, the pandemic, the European natural gas crisis and the Russia-Ukraine conflict have wreaked havoc on global fertiliser supply chains, dramatically escalating fertiliser prices, and the effects have also been felt on Australian soil. Record prices contributed to the industry's strong performance over the two years through 2021-22. However, a combination of subdued demand and falling prices has since weakened industry revenue. Overall, revenue is expected to have grown at an annualised 3.8% over the five years through 2024-25. This volatility has flowed through to industry profitability, which has also fluctuated on a yearly basis due to unstable input costs and swings in final prices, though it is above 2019-20 levels. Industry revenue is expected to drop to $6.8 billion in 2024-25, down 4.6% on the previous year, as global fertiliser prices continue to retract relative to the historical highs recorded in 2021-22. Geopolitical tensions – including the Red Sea crisis and China's ongoing attempts to curb fertiliser exports – will continue to dominate trade patterns in 2024-25. Over the five years through 2029-30, annualised growth in industry revenue is forecast to slow to 0.4% to reach $6.9 billion. This will occur as global fertiliser prices correct (barring any additional major external shocks and associated volatile price risks) and the industry reverts to more normalised operating conditions. In the wake of recent global supply chain security concerns, efforts may focus on developing a local supply of low-carbon, green fertilisers using innovative technologies. Fertiliser manufacturers are likely to work with farmers to develop more sustainable farming methods, using data to develop new digital tools that enable better nutrient use efficiency and cut greenhouse gas emissions.