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 potassium chloride prices in the United States for Q3 2024 reached 380 USD/MT in September. The market saw a decline, driven by reduced demand and disruptions caused by adverse weather. Farmers delayed their purchases due to the uncertainty surrounding crop yields and economic conditions. The agricultural industry's cautious stance, combined with supply disruptions, led to a decrease in prices.

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.

China Retail Price: Agri Material: Potassium Chloride, Potassium Oxide 60%: Domestic Made data was reported at 2.840 RMB/kg in Mar 2019. This records an increase from the previous number of 2.350 RMB/kg for Aug 2018. China Retail Price: Agri Material: Potassium Chloride, Potassium Oxide 60%: Domestic Made data is updated monthly, averaging 3.070 RMB/kg from Jan 2007 (Median) to Mar 2019, with 141 observations. The data reached an all-time high of 3.790 RMB/kg in Oct 2008 and a record low of 1.930 RMB/kg in Feb 2007. China Retail Price: Agri Material: Potassium Chloride, Potassium Oxide 60%: Domestic Made 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.

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.

Learn about the factors that can influence the price of potassium chloride fertilizer, such as the source, location of purchase, quantity, and market conditions. Discover how natural and synthetic sources can affect the price, and how transportation costs and buying in bulk can impact the cost per ton. Understand the role of supply and demand dynamics in determining fertilizer prices, and find out where to obtain accurate pricing information for potassium chloride fertilizer.

The global potassium chloride market is on its way to registering a valuation of US$ 13,084.0 millionin 2023. A sluggish 3.3% CAGR should facilitate market expansion between 2023 and 2033. Ultimately, this should culminate in a market valuation of US$ 18,102.7 million in 2033.

Prominent Developments in Potassium Chloride Industry So Far

Country-wise insights

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

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

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

In 2024, after two years of decline, there was significant growth in the Iranian potassium chloride (MOP) market, when its value increased by 81% to $19M. Overall, consumption posted significant growth. Potassium chloride (MOP) consumption peaked at $33M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The global industrial-grade potassium chloride market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, considering typical market sizes for similar bulk commodity chemicals and assuming a reasonable CAGR (let's assume a conservative 5% CAGR based on industry trends), a 2025 market valuation of approximately $8 billion is plausible. This market is projected to witness significant expansion over the forecast period (2025-2033), with a projected CAGR of 5%. Key drivers include the burgeoning fertilizer industry, expanding applications in oil and gas extraction (potassium chloride's use in drilling fluids), and the growth of sectors like paints and pigments, and electroplating. The increasing adoption of potassium chloride in various industrial processes, coupled with rising disposable incomes and agricultural output in developing economies, fuels this growth trajectory. However, market expansion faces certain challenges. Fluctuations in raw material prices, stringent environmental regulations concerning potassium chloride production and transportation, and the potential for substitute materials in specific applications act as restraints. The market is segmented by type (particle, powder, crystal) and application (electrolysis, paints and pigments, electroplating, metal, oil and gas, others). Major players like K+S, Ako Kasei, SQM, and Belaruskali dominate the market, competing primarily based on price, quality, and geographic reach. Regional variations exist; North America and Europe currently hold significant market share, but the Asia-Pacific region, especially China and India, is expected to witness the most rapid growth due to expanding industrialization and agricultural intensification in these regions. The ongoing research into improved potassium chloride production techniques, and the exploration of sustainable production methods, will significantly shape the market’s future dynamics. This comprehensive report provides a detailed analysis of the global industrial grade potassium chloride market, projecting a market value exceeding $15 billion by 2028. It delves into production, consumption patterns, key players, and future trends, offering invaluable insights for businesses operating within this dynamic sector. This report is crucial for investors, manufacturers, and stakeholders seeking to understand the market dynamics and navigate the evolving landscape of industrial grade potassium chloride.

Potassium Chloride Market Size Value in Hungary, 2021 Discover more data with ReportLinker!

1549 Global export shipment records of Potassium Chloride with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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.

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

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

Potassium Chloride Market Size Value in Denmark, 2021 Discover more data with ReportLinker!

Forecast: Potassium Chloride Market Size Value in France 2023 - 2027 Discover more data with ReportLinker!

In 2023, approx. 4.4K tons of potassium chloride (MOP) were imported into Bahrain; jumping by 80% on 2022 figures.