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JordanAs of August 2024, Potassium Chloride prices are fluctuating, reflecting a 5% decrease from the previous month. The Middle East Asia (MEA) region is the largest market for Potassium Chloride, with Jordan emerging as the leading exporter in this sector.
In Q4, 2024, the price trend for potassium Chloride will be shaped by variations in both production levels and demand. These fluctuations will play a key role in determining how potassium chloride prices move during this period.
In Q3, 2024, the potassium chloride market is experiencing an upward trend in this period, primarily driven by its applications in the agriculture sector. The growing industrial activities worldwide are significant factors contributing to the increasing demand for potassium chloride.
However, in Q2,2024, the potassium chloride market in Middle East Asia saw a slight decrease of 7% in prices. This is due to the Stable economy and market specific factors which also includes feedstock market.
In Q1, 2024, the potassium chloride market in middle east Asia saw a sustainable decrease in prices, with a fall of 8%. This is driven by the key factors driving influence increased demand within the pharmaceuticals, agrochemicals especially due to agricultural sector.
PriceWatch is your trusted resource for tracking global potassium chloride price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the potassium chloride market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence potassium chloride prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely potassium chloride market data.
Track PriceWatch's potassium chloride price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.
In response, many countries sought to diversify their potash suppliers or increase domestic production, but the transition to alternative sources of supply has been slow and costly. Canada, a major producer of potash, emerged as a critical supplier in the wake of the conflict, while some nations turned to other fertilizer alternatives or adjusted their agricultural practices to cope with higher fertilizer prices. Despite these efforts, the overall impact on the global fertilizer market and food security remains significant, as the conflict continues to influence the availability and price of potassium chloride and other essential agricultural commodities.
These events underscore the potassium chloride market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable potassium chloride pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Potassium Chloride (KCl) is a white crystalline salt widely used in fertilizers, pharmaceuticals, and food processing. It is primarily produced from natural sources such as sylvite ore or through the reaction of potassium hydroxide with hydrochloric acid. KCl provides essential potassium for plant growth and is a key component in various industrial and agricultural applications.
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Incoterms Used
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| NO. | PARAMETER | SPECIFICATION RESULT |
| 1 | Appearance | White crystalline powder |
| 2 | Assay (as KCL) | 99.00% |
| 3 | Ph (5% solution) | 4.80% |
| 4 | Sodium (Na) | 0.10% |
| 5 | Calcium (Ca) | 0.10% |
| 6 | Magnesium (Mg) | 0.02% |
| 7 | Sulfate (SO2−4) | 0.04% |
| 8 | Insoluble matter | 0.02% |
| 9 | Heavy Metals (as Pb) | 0.00% |
| 10 | Arsenic (As) | 0.00% |
Applications
Potassium chloride is a potassium salt used to treat hypokalaemia. A white crystal or crystalline powder used as an electrolyte replenisher, in the treatment of hypokalaemia, in buffer solutions, and in fertilizers and explosives.
The price of potassium chloride is primarily influenced by a variety of factors, including global supply and demand dynamics, production costs, and geopolitical issues. Potassium chloride is typically extracted from mineral deposits or sourced from evaporation of seawater, which means production costs can fluctuate based on energy prices and raw material availability. Additionally, the pricing is impacted by the global demand for fertilizers, as potassium chloride is a key ingredient in many agricultural products. Trade policies, export restrictions, and natural events such as crop failures or supply chain disruptions can also cause price volatility. It’s important for procurement heads to monitor these factors closely to anticipate price movements and secure favorable pricing for their organizations.
Long-term contracts can provide more stable and predictable pricing for potassium chloride compared to spot market purchases. When procuring potassium chloride, companies often enter into agreements with suppliers for a fixed duration, which can help mitigate the risks associated with price volatility. In these contracts, suppliers and buyers agree to specific pricing terms, often with periodic adjustments based on factors like inflation, production costs, or changes in global demand. These agreements typically offer the advantage of locked-in prices, providing a level of cost certainty for procurement departments. However, it’s essential for procurement heads to negotiate these terms carefully to ensure flexibility and competitiveness, especially in markets where prices fluctuate significantly.
Potassium chloride is a critical component in agricultural fertilizers, which makes its demand highly sensitive to trends in global agriculture, including crop planting cycles, weather conditions, and overall food production levels. As potassium is one of the three primary nutrients in fertilizers (along with nitrogen and phosphorus), any fluctuations in crop production or shifts in agricultural practices can drive demand for KCl, influencing its price. In times of high agricultural output or increased global food demand, the need for potassium-based fertilizers rises, potentially driving up the cost of potassium chloride. Conversely, in years of poor crop yields or reduced agricultural activity, demand may decrease, leading to price adjustments. For procurement heads, understanding these cycles and aligning purchases with market conditions can lead to more strategic sourcing decisions and cost savings.
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