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Canadian Potassium Chloride Exports Rise Due to Burgeoning Supplies to Asia

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Canadian Potassium Chloride Exports Rise Due to Burgeoning Supplies to Asia

IndexBox has just published a new report: ‘Canada – Potassium Chloride (MOP) – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Canada dominates the global exports of potassium chloride, providing 42% of its total volume. In 2020, Canadian potassium chloride exports grew by +8.8% y-o-y to 21M tonnes. The U.S., Brazil and China remain the key importers of Canadian potassium chloride. Last year, supplies to India, Indonesia and Brazil saw the most prominent growth rate among other trade partners. The average export price for Canadian potassium chloride dropped by -16.1% compared to the figures of the previous year. 

Potassium Chloride Exports from Canada

Canada remains the largest potassium chloride (MOP) exporter worldwide. The supplies from Canada account for 42% of the global potassium chloride exports.

Potassium chloride exports from Canada reached 21M tonnes in 2020, growing by +8.8% on 2019 figures. In value terms, potassium chloride exports dropped to $4.5B (IndexBox estimates) in 2020.

The U.S. (10M tonnes) was the main destination for potassium chloride exports from Canada, accounting for a 48% share of total exports. Moreover, supplies to the U.S. exceeded the volume sent to the second major destination, Brazil (3.4M tonnes), threefold. China (2.4M tonnes) ranked third in terms of total exports with a 11% share.

In 2020, the average annual growth rate of volume to the U.S. stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+19.9% per year) and China (-3.6% per year).

Last year, supplies from Canada to India, Indonesia and Brazil saw the highest growth rate among other destinations. Exports to India grew by +40% y-o-y to 1.8M tonnes, while supplies to Indonesia and Brazil rose by +45% y-o-y to 1.3M tonnes and +20% y-o-y to 3.4M tonnes respectively.

In value terms, the U.S. ($2.2B) remains the key foreign market for potassium chloride exports from Canada, comprising 48% of total exports. The second position in the ranking was occupied by Brazil ($698M), with a 15% share of total exports. It was followed by China, with an 11% share.

The average potassium chloride (MOP) export price stood at $212 per tonne in 2020, shrinking by -16.1% against the previous year. Average prices varied noticeably for the major foreign markets. In 2020, the destinations with the highest prices were the U.S. ($214 per tonne) and China ($214 per tonne), while the average prices for exports to India ($207 per tonne) and Brazil ($208 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced a decline.

Source: IndexBox Platform

GEODIS

Dispatches: GEP and GEODIS Make Big Moves

GEP wins the prestigious Asia Pacific Procurement Success Awards…

GEP, a Clark, New Jersey-based leading provider of supply chain software and services to Fortune 500 and Global 2000 enterprises worldwide, announced that it has won Asia’s prestigious Procurement Consultancy Project Award at the Asia Pacific Procurement Success Awards 2020, held recently in Shanghai.

“This award is an important acknowledgment of GEP’s ability to integrate consulting, managed services and technology to significantly improve the financial performance of global companies on a sustainable basis throughout Asia,” says Michael Seitz, vice president, GEP Consulting, China. “We are even more excited about the third year of this program, as we apply demand management, the total cost of ownership management, and strategic supplier partnerships to drive additional cost reduction, user satisfaction, and compliance for our client.” 


Meanwhile, GEODIS in Americas links 3PL Services with Amazon and Shopify… 

Geodis is a division of SNCF, which is based in France, but the Geodis in Americas is among the top 3PLs in the United States. The American subsidiary of Geodis recently announced two major marketplace integrations with Shopify and Amazon Drop Shipping. Geodis in Americas is now integrated directly with Shopify to fulfill online orders and ensure seamless data flow between Shopify’s digital storefront and supply chain. Geodis is also now fully integrated with Amazon’s third-party marketplace that enables brands to sell products through Amazon while continuing to utilize Geodis as its logistics partner to fulfill orders and ship directly to the end consumer.  

“As online shopping has accelerated, Geodis is constantly strengthening and evolving our IT solutions to provide the brands we serve with easy, efficient and effective ways to get their products to consumers,” says Pal Narayanan, executive vice president, chief information officer with Geodis in Americas.