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.

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

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

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

In Q3 2025, North America Potassium Chloride Price Index fell by 5.64% quarter-over-quarter, overall seasonal weakness. Check detailed insights for Europe MEA and APAC.

Explore the factors influencing potassium chloride prices, including geographic location, market demand, supply chain disruptions, and product purity. Key insights into its critical role in agriculture and industrial applications are provided to help buyers make informed purchasing decisions.

The Market was valued at USD 13,961.7 Million in 2025 and expected to reach USD 18,946.4 Million by 2035, at a CAGR of 3.1% throughout the forecast period. In addition, the market is expected to exhibit growth during the forecast year due to key aspects such as the evolving sustainable methods of potash extraction and the steadily growing investments in precision agriculture.

Metric	Value
Market Size in 2025	USD 13,961.7 Million
Projected Market Size in 2035	USD 18,946.4 Million
CAGR (2025 to 2035)	3.1%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	3.2%

Country	CAGR (2025 to 2035)
UK	3.0%

Country	CAGR (2025 to 2035)
EU	3.1%

Country	CAGR (2025 to 2035)
Japan	3.1%

Country	CAGR (2025 to 2035)
South Korea	3.2%

Competitive Outlook

Company Name	Estimated Market Share (%)
Nutrien Ltd.	18-22%
The Mosaic Company	14-18%
K+S Aktiengesellschaft	12-16%
Uralkali PJSC	8-12%
Israel Chemicals Ltd. (ICL)	6-10%
Other Potassium Chloride Suppliers (combined)	30-40%

Explore the dynamics influencing potassium chloride prices in 2023, including geographic variability, economic factors, and demand supply conditions. Understand how these elements impact agricultural sectors worldwide and the shift towards sustainable solutions.

Potassium Chloride Market Size Value in Greece, 2022 Discover more data with ReportLinker!

Potassium Chloride Market Size Value in Poland, 2022 Discover more data with ReportLinker!

In 2024, the Iranian potassium chloride (MOP) market increased by 81% to $19M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption saw significant growth. Potassium chloride (MOP) consumption peaked at $33M in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

Russia Average Purchasing Price: Agriculture: Potassium Chloride data was reported at 14,698.000 RUB/Ton in Nov 2015. This records a decrease from the previous number of 15,089.000 RUB/Ton for Oct 2015. Russia Average Purchasing Price: Agriculture: Potassium Chloride data is updated monthly, averaging 8,876.020 RUB/Ton from Sep 2005 (Median) to Nov 2015, with 123 observations. The data reached an all-time high of 15,201.420 RUB/Ton in Jun 2015 and a record low of 3,876.920 RUB/Ton in May 2007. Russia Average Purchasing Price: Agriculture: Potassium Chloride data remains active status in CEIC and is reported by Specialized Center of Accounting in the Agricultural Sector. The data is categorized under Russia Premium Database’s Agriculture Sector – Table RU.RIJ006: Average Purchasing Price for Agricultural Enterprises: Energy, Fertilizers, Pesticides.

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The Potassium Chloride Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analyzing the growth of 11 million MT and CAGR of 3% by segment Application and Geography during the forecast period 2019 to 2024

Furthermore, this report extensively covers the smart home appliances market segmentation by application (fertilizer, industrial, pharmaceutical, and others) and geography (APAC, North America, South America, Europe, and MEA). The market report also offers information on several market vendors, including Arab Potash Co., CF Industries Holdings Inc., Intrepid Potash Inc., Israel Chemicals Ltd., JSC Uralkali, Nutrien Ltd., Sinofert Holding Ltd., Sociedad Quimica y Minera de Chile SA, The Mosaic Co., and Yara International ASA

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Parent Market Analysis

Technavio categorizes the Potassium Chloride Market as a part of the Materials industry within the Chemicals industry. Our Technavio research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.

Potassium Chloride Market: Key Drivers, Trends, and Challenges

Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the potassium chloride industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Potassium Chloride Market Driver

One of the key factors driving growth in the market is the increasing demand for potassium chloride from the fertilizer industry. The global population is on the rise, and it is expected to reach 9.7 billion by 2050. The land available for cultivation has decreased tremendously over the past years, and now, in 2018, the arable land available to produce crops decreased by 46% compared with 1961. There has been an increase in global per capita income, which has led to a rise in the demand for foods and beverages. This growing need for nourishment has led to a surge in the use of potassium chloride as a fertilizer to increase the productivity of crops. There is a growth in the per capita income in developing countries like China, India, and Brazil, which will increase the use of fertilizers in the crops for better quality and quantity. In 2018, the revenue generated from the fertilizer industry was around USD 180- USD 190 billion. On average, the fertilizer industry is anticipated to invest in 150 new production units during the forecast period and will contribute more than USD 120 billion in the expansion process. High demand for food products has resulted in the extended use of fertilizers and new methods for the enhanced productivity of crops on the existing arable lands. Thus, the rise in the use of fertilizers will, in turn, increase the use of potassium chloride in the fertilizer segment during the forecast period.

Key Potassium Chloride Market Challenge

The fluctuating raw material prices will be a major challenge for the market during the forecast period. Some of the factors that led to the decline in prices are weak demand for imports, excess supply, and high stocks. In July 2020, potassium chloride prices decreased by 23.73% from August 2019 due to the low crop prices, low profitability, and weak currency exchange rates of importing countries. The demand for potash became weak because farmers have the option to defer the use of potassium chloride without having much quality and yield loss. However, Russia and Canada have new greenfield projects, which are expected to increase the supply of fertilizers in the coming years. The fluctuating prices of potash in the fertilizer industry have undesirable impacts on the global market as more than 80% of the total revenue of potassium chloride comes from the fertilizer industry. In addition, a continuous supply of raw materials could also be affected by adverse weather conditions, national emergencies, natural disasters, supply shortages, and other events. Thus, price fluctuations and the non-availability of raw materials are expected to interrupt the operations of the vendors in the market during the forecast period.

Potassium Chloride Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Who are the Major Potassium Chloride Market Ven

Potassium Chloride market size is projected to reach USD 25.01 Bn by 2034 registering a CAGR of 4.9%. Growing demand for potassium chloride in fertilizer industries, laboratory chemicals, water treatment process and healthcare procedures is driving the market

In 2023, shipments abroad of potassium chloride (MOP) decreased by -10.2% to 3.3M tons for the first time since 2019, thus ending a three-year rising trend.

The global industrial-grade potassium chloride market, valued at $1448 million in 2025, is projected to experience steady growth, driven by increasing demand across diverse sectors. The compound annual growth rate (CAGR) of 4.3% from 2025 to 2033 signifies consistent expansion, fueled primarily by the burgeoning electrolysis and paints and pigments industries. Electrolysis, a key application, leverages potassium chloride's electrolytic properties for various industrial processes, contributing significantly to market growth. Similarly, the paints and pigments sector utilizes potassium chloride as a crucial raw material, bolstering demand. Growth in the oil and gas sector, where potassium chloride finds applications in drilling fluids and other processes, also contributes to the overall market expansion. While challenges like price fluctuations in raw materials and potential regulatory changes might pose restraints, the overall positive outlook is sustained by ongoing technological advancements and the expanding applications of potassium chloride in emerging industries. The market is segmented by application (electrolysis, paints and pigments, electroplating, metal, oil and gas, others) and type (particle, powder, crystal), offering diverse opportunities for market players. Geographic expansion, particularly in developing economies of Asia-Pacific and the Middle East & Africa, is expected to drive future market growth. The competitive landscape is characterized by a mix of established global players and regional manufacturers. Key players like K+S, Ako Kasei, and SQM hold significant market shares, leveraging their established production capabilities and distribution networks. However, the entry of new players, particularly in emerging markets, is anticipated, leading to intensified competition and potentially influencing pricing strategies. The market is poised for innovation, with companies investing in R&D to enhance product quality and explore new applications for industrial-grade potassium chloride. This focus on technological advancements will likely shape the competitive landscape and drive further growth in the coming years. The forecast period (2025-2033) presents significant potential for market expansion, supported by the predicted rise in global industrial activities and sustained demand across various application segments.

As per Cognitive Market Research's latest published report, the Global Potassium Chloride market size was $12.56 Billion in 2021 and it is forecasted to reach $19.44 Billion by 2029. Potassium Chloride Industry's Compound Annual Growth Rate will be 5.98% from 2023 to 2030. Market Dynamics of the Potassium Chloride.

Increasing adoption of potassium chloride in fertilizers is the major driving factor for the growth of the KCl market. Potassium is the third main crop nutrient after nitrogen and phosphorus. According to, International Potash Institute, both K and Cl are the main ions involved in the neutralization of charges, and the important inorganic osmotic active substances in plant cells and tissues. The use of KCL in the healthcare sector is also fuelling the growth of the market. According to the National Library of Medicine, Potassium chloride is a medication used in the management and treatment of hypokalemia. https://www.ncbi.nlm.nih.gov/books/NBK557785/ Increasing demand for potassium chloride from the oil & gas industry and food industry are additional factors expected to drive the growth of the global potassium chloride market to a significant extent over the estimated period. However, fluctuating prices of potassium chloride and health issues generated by the use of chemical fertilizers can hinder the growth of the KCL market.

Market Trends: The use of potassium chloride in hydroponics and in feedstock raw materials is anticipated to propel the growth of the market. Potassium is a cation and plays a role in cation exchange capacity helping to protect anion and cation balance and directly affecting important variables in root zone management for hydroponic systems such as pH, osmotic pressure, and electrical conductivity. Further, Potassium Chloride is a source of highly available potassium (K) and chloride (Cl) that will help to meet animal and poultry requirements for these essential nutrients.

Defination of Potassium Chloride

Potassium chloride is an odorless potassium salt and is a widely used reagent in biochemistry and molecular biology. It is a component of phosphate-buffered saline and of polymerase chain reaction (PCR) buffer. It is used as a fertilizer, in medicine, in scientific applications, in domestic water softeners (as a substitute for sodium chloride salt), and in food processing, where it may be known as E508 (gelling agent). The majority of the potassium chloride produced is used for making fertilizer, called potash.KCl is also used in studies of ion transport and potassium channels. It is recommended for the treatment and prophylaxis of hypokalemia with or without metabolic alkalosis. KCl is also utilized in the solubilization, extraction, purification, and crystallization of proteins.

After two years of decline, purchases abroad of potassium chloride (MOP) increased by 626% to 103K tons in 2023.

In 2023, the amount of potassium chloride (MOP) exported from Russia soared to 11M tons, increasing by 48% compared with 2022.

China Retail Price: Agri Material: Potassium Chloride, Potassium Oxide 60%: Imported data was reported at 3.020 RMB/kg in Mar 2019. This records an increase from the previous number of 2.670 RMB/kg for Aug 2018. China Retail Price: Agri Material: Potassium Chloride, Potassium Oxide 60%: Imported data is updated monthly, averaging 3.250 RMB/kg from Jan 2007 (Median) to Mar 2019, with 141 observations. The data reached an all-time high of 4.490 RMB/kg in Oct 2008 and a record low of 2.120 RMB/kg in Jan 2007. China Retail Price: Agri Material: Potassium Chloride, Potassium Oxide 60%: Imported data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: Retail Price: Agricultural Material.