全球钾肥行业市场前景及投资研究报告-培训课件外文版2024.5

INDUSTRIES

&

MARKETSPotashindustryworldwideCHAPTER

01OverviewMarketsizeofpotashfertilizersworldwidein2021,withaforecastfor2028(inbillionU.S.dollars)Potashfertilizermarketsizeworldwide2021-2028403536.73026.07252015105020212028*3/statistics/1287684/global-potash-fertilizer-market-sizeTheglobalpotashfertilizermarketamountedtoaround26billionU.S.dollarsin2021.Thismarketwasforecasttogrowatacompoundannualgrowthrate(CAGR)of4.66percentfrom2022to2028,reaching36.7billionU.S.dollarsbythelatteryear.

ReadmoreNote(s):Worldwide;2021;*Forecast.ReadmoreSource(s):VerifiedMarketResearchReservesofpotashworldwidein2022,bycountry(inmillionmetrictons)Globalpotashreserves2022,byleadingcountryReservesinmillionmetrictonsRecoverableore2,000K2Oequivalent2,50005001,0001,5003,0003,5004,0004,5005,0004,500CanadaBelarus1,1003,300750970UnitedStatesLaos22050075Russia400China170150100GermanyChileSpain68102.3Brazil1,500Othercountries3004Description:ThereservesofpotashinCanada,thecountrywiththeworld'slargestpotashreserves,wereestimatedtobeapproximately5.6billionmetrictonsin2022.Themajorityofthisamountwascomprisedofrecoverablepotashoreat4.5billionmetrictons,withtheremaining1.1billionmetrictonsbeingK2Oequivalent.Belarushadtheworld'ssecond-largestpotashreservesthatyear.ReadmoreNote(s):Worldwide;2022Source(s):USGeologicalSurveyDistributionofpotashreservesworldwidein2021,byselectcountryDistributionofglobalpotashreservesbyselectcountry2021Othercountries15.14%Germany4.29%Canada31.43%UnitedStates6.29%China10%Belarus21.43%Russia12.00%5Description:In2021,Canadahadtheworld'slargestpotashreserves,withashareofover31percentofthetotalreserves.Belarus,theworld'ssecond-leadingcountryintermsofpotashreservesaccountedforapproximately21percentofglobalreservesasof2021.Theglobalreservesofpotashinpotassiumoxideequivalentexceeded3.5billionmetrictonsworldwidethatyear.ReadmoreNote(s):Worldwide;2021;preliminaryfigures;potassiumoxideequivalent.Source(s):NRCan;USGeologicalSurveyProductionoffertilizersworldwidefrom2005to2021,bynutrient(inmillionmetrictons)Globalfertilizerproduction2005-2021,bynutrientNitrogen(N)Phosphate(P₂O)Potash(K₂O)250200150100500200520062007200820092010201120122013201420152016201720182019202020216Description:Intheearly2000's,theproductionofnitrogenfertilizersstoodatsome95millionmetrictons.By2019,thisfigurehadincreasedtoalmost123milliontonsbeforeexperiencingaslightdeclinetoreachaproductionquantityof118.55millionmetrictonsin2021.Productionofphosphatefertilizersalsoincreased,fromaproductionvalueofaround38millionmetrictonsin2005toover48millionmetrictonsin2021.Fertilizersarewidelyusedinagriculturetoimprovesoilfertilityandachieve[...]

ReadmoreNote(s):Worldwide;2005to2021Source(s):FAOProductionofmuriateofpotash(MOP)worldwidefrom2009to2021(inmillionmetrictons)Globalproductionofmuriateofpotash2009-2021807073.1870.7668.7266.9666.2963.9664.261.81605040302010056.9755.8653.1452.6731.7420092010201120122013201420152016201720182019202020217Description:Theglobalproductionofmuriateofpotash,alsoknownasMOPorpotassiumchloride,surpassed73millionmetrictonsin2021,upfromlessthan32millionmetrictonsin2009.MOPisthemainsourceofpotassiuminfertilizers.Apartfromitsuseasafertilizer,MOPisalsousedasarawmaterialinseveralindustrialprocesses.ReadmoreNote(s):Worldwide;2009to2021Source(s):InternationalFertilizerIndustryAssociationProductionvolumeofpotashworldwidein2021,bypoliticalstabilityofproducercountries(in1,000metrictons)Productionvolumeofpotashglobally2021,bypoliticalstabilityofproducers30,00025,00020,00026,859.2618,255.0815,00010,0005,0000040StableFairUnstableExtremelyunstable8Description:In2021,countriesclassifiedaspoliticallyunstableaccountedforthelargestshareofglobalpotashproduction.Thatyear,approximately26.9millionmetrictonsofpotashwereproducedbypoliticallyunstablecountries.Incomparison,40,000metrictonsofpotashwereproducedbyextremelypoliticallyunstablecountries.ReadmoreNote(s):Worldwide;2021Source(s):BMLRT(Österreich)CHAPTER

02CountriesProductionvolumeofmuriateofpotash(MOP)worldwidein2021,byregion(in1,000metrictons)Globalproductionofmuriateofpotash2021,byregion30,00025,00020,00015,00010,0005,000028,525.123,596.77,563.37,0774,587.71,825E.Europe&C.AsiaNorthAmericaEastAsiaWestAsiaWestEuropeLatinAmerica10Description:EastEuropeandCentralAsiawastheregionwiththehighestproductionofmuriateofpotash(alsoknownasMOPorpotassiumchloride)in2021,withanoutputofaround28.5millionmetrictons.ItwasfollowedbyNorthAmerica,withsome23.6milliontonsproduced.Theglobalproductionofmuriateofpotashsurpassed76millionmetrictonsin2021.ReadmoreNote(s):Worldwide;2021Source(s):InternationalFertilizerIndustryAssociationLeadingpotashproducingcountriesworldwidein2022(inmillionmetrictons)Largestpotashproducingcountriesglobally2022Productioninmillionmetrictons10024681214161618CanadaChina6RussiaBelarusGermanyIsrael532.82.5JordanChile1.70.90.60.5LaosSpain11Description:In2022,Canadawastheleadingpotashproducingcountryworldwide,withapotashproductionoutputof16millionmetrictons.Chinarankedsecondthatyear,producingsixmillionmetrictonsofpotash.Potashhasavarietyofapplications,thoughitisprimarilyusedinfertilizers.ReadmoreNote(s):Worldwide;2022Source(s):InvestingNewsNetwork;USGeologicalSurveyDistributionofpotashproductionworldwidein2021,bycountryDistributionofglobalpotashproductionbycountry2021Restofworld15.2%Israel5.3%Canada31.3%China10.0%Belarus18%Russia20.8%12Description:Canadawastheworld'slargestproducerofpotashin2021,producinga31.3percentshareoftheglobalproduction.Theglobalproductionofpotashstoodatapproximately71.9millionmetrictonsinthatyear.

ReadmoreNote(s):Worldwide;2021Source(s):InternationalFertilizerIndustryAssociation;Varioussources(Companydata)Potash(potassiumchloride)mineproductioninCanadafrom2010to2021(inmillionmetrictons)PotashmineproductioninCanada2010-20212522.722.5121.9820.920.32018.817.917.715.615.11510502010201120122015201620172018201920202021*13Description:In2021,Canadahadaproductionof22.5millionmetrictonsofpotash.Thatamountequatedto31.3percentofglobalpotashproductionthatyear.ReadmoreNote(s):Canada;2010to2021;*Provisional.Figuresfor2013and2014werenotavailable.Thisstatisticwascompiledusingseveralreleasesofthepublication.

ReadmoreSource(s):NRCanShareofglobalpotashproducedinCanadafrom2015to2021GlobalpotashproductionshareinCanada2015-202135%30%25%20%15%10%5%33.3%31.8%31.6%31.3%29.2%29%0%20152016201820192020202114Description:In2021,Canadahada38percentshareoftheglobalproductionofpotash.Canadaistheworld'sleadingpotashproducerbyfar.In2020,Canadianpotashproductionamountedtonearly22millionmetrictons.

ReadmoreNote(s):Canada;2015to2021Source(s):CRUGroup;NRCanPotashproductioninRussiafrom2012to2022(inmillionmetrictons)PotashproductioninRussia2012-2022109.198.1187.387.347.37.176.99765432106.486.15.4752012201320142015201620172018201920202021202215Description:Russiawasestimatedtohaveproducedfivemillionmetrictonsofpotashin2022,whichwas45.5percentlessthaninthepreviousyearandthelowestvolumeoverthepastdecade.MuriateofPotash(MOP)wasthemostexportedfertilizerinRussia.In2021,thecountryaccountedfornearly21percentoftheglobalpotashproduction.Intotal,theregionofEasternEuropeandCentralAsiaproducedover26millionmetrictonsofMOPin2020,morethananyotherregionworldwide.

ReadmoreNote(s):Russia;2012to2022;*Estimate.Thestatistichasbeencompiledfromseveralreportsbythesource.ReadmoreSource(s):USGeologicalSurveyPotashproductioninBelarusfrom2012to2022(inmillionmetrictons)PotashproductioninBelarus2012-202298765432107.637.47.357.27.16.476.296.184.764.2432012201320142015201620172018201920202021*2022*16Description:Belaruswasestimatedtohaveproducedthreemillionmetrictonsofpotashin2022,whichwassignificantlylessthaninthepreviousyearandthelowestvolumeoverthepastdecade.TheproductionwasnegativelyaffectedbytheimportbanonBelarusianpotashplacedbytheUnitedStatesandtheEuropeanUnion(EU)in2022inresponsetotheinvolvementofBelarusintheRussianinvasionofUkraine.In2022,Russia'spotashproductionfellby46percent.Alreadyin2021,theEUand[...]

ReadmoreNote(s):Belarus;2012to2022;*Estimate.Thestatistichasbeencompiledfromseveralreportsbythesource.ReadmoreSource(s):USGeologicalSurveyCHAPTER

03TradeExportvolumeofpotashworldwidefrom2012to2021(inmillionmetrictons)Globalpotashexportvolume2012-2021605056.955.953.149.649.946.440302010036.9201220142015201820192020202118Description:Thetotalvolumeofpotashexportedworldwidein2021amountedtonearly57millionmetrictons.Thisrepresentedanincreaseof54.2percentfromglobalpotashexportsin2012,amountingto36.9millionmetrictonsthatyear.

ReadmoreNote(s):Worldwide;2012to2021Source(s):NRCanLeadingpotassicfertilizerexportingcountriesworldwidein2021,basedonvalue(inmillionU.S.dollars)Exportvalueofpotassicfertilizerworldwide2021,bycountryExportsinmillionU.S.dollars3,00001,0002,0004,0005,0006,0007,000CanadaRussia6,030.993,526.83BelarusGermanyJordan2,625.261,532.521,204.65UnitedStatesIsrael916.86833.2BelgiumLithuaniaChile344.9289.46249.12228.6ChinaLaos197.4Spain161.4419/statistics/1417152/global-potassic-fertilizer-export-value-by-countryCanadawastheworld'slargestpotassicfertilizerexportingnationin2021,havingexportedroughly6.03billionU.S.dollarsworthoffertilizerthatyear.InsecondplaceatthattimewasRussia,havingexported3.53billionU.S.dollarsworthoffertilizer.ReadmoreNote(s):Worldwide;2021;*ReferredtoasChineseTaipeibythesource.Figureshavebeenrounded.ReadmoreSource(s):TheObservatoryofEconomicComplexityDistributionofpotassicfertilizerexportsworldwidein2021,byleadingcountryPotassicfertilizerexportdistributionworldwide2021,bycountryShareofexports15%0%5%10%20%25%30%35%CanadaRussia31.6%18.5%BelarusGermanyJordan13.7%8.02%6.3%UnitedStatesIsrael4.8%4.36%BelgiumLithuaniaChile1.8%1.51%1.3%China1.2%LaosSpain1.03%0.84%20Description:Canadawastheworld'slargestpotassicfertilizerexportingnationin2021,havingexportednearly32percentofthetotalglobalvalueofpotassicfertilizerexportsthatyear.InsecondplacethatyearwasRussia,accountingforan18.5percentshareofglobalpotassicfertilizerexports.Thetotalvalueofpotassicfertilizerexportsworldwidein2021was19.1billionU.S.dollars.ReadmoreNote(s):WorldwideSource(s):TheObservatoryofEconomicComplexityLeadingpotassicfertilizerimportingcountriesworldwidein2021,basedonvalue(inmillionU.S.dollars)Potassicfertilizerimportvalueworldwide2021,bycountryImportsinmillionU.S.dollars05001,0001,5002,0002,5003,0003,5004,0004,500BrazilUnitedStatesChina4,096.723,825.921,865.58IndonesiaIndia1,207.09918.57MalaysiaBelgiumVietnamPoland565.58467.82337.78332.92275.08ThailandColombiaSouthKoreaFrance274.3253.2251.6821Description:Brazilwastheworld'slargestpotassicfertilizerimportingnationin2021,havingimportedroughly4.1billionU.S.dollarsworththatyear.InsecondplacewastheUnitedStates,importingaround3.83billiondollarsworthofpotassicfertilizer.ReadmoreNote(s):Worldwide;2021Source(s):TheObservatoryofEconomicComplexityDistributionofpotassicfertilizerimportsworldwidein2021,byleadingcountryPotassicfertilizerimportdistributionworldwide2021,bycountryShareofimports10%0%5%15%20%25%BrazilUnitedStatesChina21.4%20%9.76%IndonesiaIndia6.31%4.81%MalaysiaBelgiumVietnamPoland2.96%2.45%1.77%1.74%1.44%ColombiaThailandSouthKoreaFrance1.44%1.32%1.32%22Description:Brazilwastheworld'slargestpotassicfertilizerimportingnationin2021,havingimportedroughly21.4percentofthevalueofglobalpotassicfertilizerimportsthatyear.InsecondplacethatyearwastheUnitedStates,havingaccountedfora20percentshareofworldwideimports.Thetotalvalueofpotassicfertilizerimportsworldwidein2021was19.1billionU.S.dollars.ReadmoreNote(s):WorldwideSource(s):TheObservatoryofEconomicComplexityChangeinpotashimportvolumefromRussiaworldwidein2022,byselectedcountryChangeinRussianpotashimportvolume2022,bycountry0%-10%-12.8%-13.7%-20%-30%-40%-50%-60%-70%-80%-90%-100%-34.4%-35.7%-38.7%-60.4%-69.1%-79.1%-85.2%Poland-92.1%FinlandIndonesiaBrazilChinaVietnamUnitedStatesParaguayMalaysiaBelgium23Description:Amongthecountriespresented,FinlandrecordedthemostsignificantdropinpotashimportsfromRussiainphysicaltermsin2022,atapproximately92percentcomparedtothepreviousyear.Furthermore,BelgiumdecreaseditsRussianpotashimportsbyaround79percentbetween2021and2022.ReadmoreNote(s):Worldwide;2022Source(s):S&PGlobalCHAPTER

04CompaniesDistributionofpotashnameplatecapacityworldwidein2022,bycompanyDistributionofpotashnameplatecapacityworldwide2022,bycompanyOthers*9%SQM2%APC3%EuroChem3%Nutrien21%ICL5%QSL6%Belaruskali15%K+S7%Uralkali14%Mosaic15%25Description:Nutrienaccountedfora21percentshareofthetotalglobalpotashnameplatecapacityin2022,makingitthelargestpotashproducerbasedoncapacity.MosaicandBelaruskalieachaccountedfor15percentsharesofpotashnameplatecapacitythatyear,makingthecompaniestiedforsecondplace.ReadmoreNote(s):Worldwide;2022;*Othersincludesthefollowingcompanies:

ZanggePotashTurkmenhimiyaSino-AgriPotashCorp.IntrepidPotashUzkimyosanoatSichuanKaiyuanGroupCorporacionMineradeBolivia,ComibolThaiKaliCoandother[...]

ReadmoreSource(s):CRUGroup;ICLGroupNutrien'srevenuefrom2017to2022(inmillionU.S.dollars)Nutrien'srevenue2017-202240,00035,00030,00037,88427,71225,00020,00015,00010,0005,000020,90820,08419,63618,16920172018201920202021202226Description:In2022,Nutrienreportedsome37.9billionU.S.dollarsofrevenue.ThePotashCorporationofSaskatchewanInc.wastheworld'slargestpotashproducerandoneoftheleadingfertilizerproducersingeneral.OnJanuary1,2018,PotashCorpandAgriumcompletedamergerofequals,thuscreatingNutrien,theworld`slargestproviderofcropinputsandservices.ReadmoreNote(s):Worldwide;2017to2022Source(s):NutrienNutrien'sproductionofpotashfrom2017to2022(in1,000metrictons)PotashproductionofNutrien2017-20221613.79141210813.0112.8412.612.2211.7642020172018201920202021202227Description:ThePotashCorporationofSaskatchewanInc.wastheworld'slargestpotashproducerandoneoftheleadingfertilizerproducersingeneral.OnJanuary1,2018,PotashCorpandAgriumcompletedamergerofequals,thuscreatingNutrien,theworld`slargestproviderofcropinputsandservices.In2022,Nutrienproducedapproximately13millionmetrictonsofpotash.ReadmoreNote(s):Worldwide;2017to2022Source(s):NutrienProductionvolumeofpotashbyMosaicCompanyworldwidefrom2015to2022(inmillionmetrictons)PotashproductionofMosaicCompanyworldwide2015-2022109.29.18.798765432108.48.48.27.97.62015201620172018201920202021202228Description:MosaicCompanyproducedmorethanninemillionmetrictonsofpotashin2022,anincreaseofnearlyonemillionmetrictonscomparedtothepreviousyear.Duringtheperiodofconsideration,Mosaic'slargestpotashproductionvolumewas9.2millionmetrictonsin2018.ReadmoreNote(s):Worldwide;2015to2022Source(s):MosaicCompanyUralkali'srevenuefrom2016to2021(inmillionU.S.dollars)Uralkali'srevenue2016-20214,5004,0003,5004,154.73,0002,5002,0001,5001,0005002,760.872,753.582,781.852,696.232,278.25020162017201820192020202129Description:In2021,thecompanyUralkaligeneratedaround4.2billionU.S.dollarsofrevenue,constitutingaconsiderableincreasecomparedtothepreviousyear.Uralkaliisoneoftheleadingpotashfertilizermanufacturersworldwide.

ReadmoreNote(s):Worldwide;2016to2021Source(s):UralkaliCHAPTER

05ConsumptionConsumptionofpotashfertilizerworldwidein2021,byworldregion(in1,000metrictons)Globalconsumptionvolumeofpotashfertilizerworldwide2021,byregionConsumptioninthousandmetrictons15,000

20,000

25,00005,00010,00030,00035,00040,00045,000EastAsiaLatinAmericaNorthAmericaSouthAsiaWestEuropeE.Europe&C.AsiaAfricaCentralEuropeOceaniaWestAsiaWorld31Description:Potashconsumptionin2021reacheditshighestglobalvolumeinEastAsia,withastaggering14.3millionmetrictons.Notfarbehind,LatinAmericaalsodisplayedsignificantdemand,consuming9.8milliontonsofpotashthatyear.Potash,avitalnutrientforagriculturalcrops,isrichinpotassiumandplaysacrucialroleinenhancingplantgrowthandoverallyield.ReadmoreNote(s):Worldwide;2021Source(s):InternationalFertilizerIndustryAssociationConsumptionofpotashfertilizerworldwidein2021,byleadingcountry(inthousandmetrictons)Globalconsumptionofpotashfertilizer2021,byleadingcountryConsumptioninthousandmetrictons01,0002,0003,0004,0005,0006,0007,0008,0009,000ChinaBrazil8,186.78,002.5UnitedStatesIndia3,811.12,529.52,433.8IndonesiaMalaysiaRussia1,321.7816.5808CanadaThailandVietnam612.8542.532Description:Chinawasthecountrythatrecordedtheworld'slargestpotashfertilizerconsumptionin2021,at8.19millionmetrictons.ItwasfollowedbyBrazilinsecondplacethatyear,havingconsumedeightmillionmetrictonsofpotashfertilzer.ReadmoreNote(s):Worldwide;2021;inthousandtonsofnutrientSource(s):InternationalFertilizerIndustryAssociationConsumptionofpotashfertilizersworldwidein2021,byselectproduct(in1,000metrictonsofK₂O)Globalconsumptionofpotashfertilizer2021,byproductConsumptioninthousandmetrictonsofK2O05,00010,00015,00020,00025,000PotassiumChloride23,204.8NPK12,482.2NKPK503.5470.5PotassiumNitrate188.633Description:Potassiumchloridewasbyfarthepotashfertilizerwiththehighestglobalconsumptionin2021,withmorethan23.2millionmetrictonsofpotassiumoxide(K₂O)consumed.ComplexNPKfertilizersrankedsecond,withaconsumptionofroughly12.48millionmetrictonsofK₂O.ReadmoreNote(s):Worldwide;2021Source(s):InternationalFertilizerIndustryAssociationDistributionofpotashfertilizerconsumptionworldwidein2021,byproductGlobaldistributionofpotashfertilizerconsumption2021,byproductPotassiumnitrate1.00%NK1.31%PK1.23%Other1.04%Potassiumsulphate2.98%NPK32.51%Potassiumchloride60.44%34Description:Themajorityofglobalpotashfertilizerconsumptionin2021wasattributedtopotassiumchloride,accountingforasubstantialshareofabout60.4percent.Followingclosely,NPKcompoundfertilizersheldthesecond-largestshare,makingupapproximately32.5percentofthetotalglobalpotashfertilizerconsumption.ReadmoreNote(s):Worldwide;2021Source(s):InternationalFertilizerIndustryAssociationCHAPTER

06PriceAveragepriceofpotashworldwidefrom2010to2022(inU.S.dollarspermetrictonfreeonboard)Potashglobalaverageprice2010-20221,8001,6001,4001,2001,0001,7001,12088085082077075080060040020007307357156806506302010201120122013201420152016201720182019202020212022*36Description:Thepriceofpotashincreaseddrasticallyin2022comparedtopreviousyears,atanestimatedaverageof1,700U.S.dollarspermetrictonfreeonboard,