Potassium Chloride Price Monthly and Annualy

The Price of Potassium Chloride in International Commodity Markets for April 2024 is 305.00 dollars per metric tonne, as estimated by the World Bank. In comparison to the previous month, March 2024, when Potassium Chloride was valued at 300.50 dollars per metric tonne, there has been a net change of 4.50 dollars. This represents a percentage increase of 1.48%. Looking back to April 2023, the Potassium Chloride price stood at 407.50 dollars per metric tonne. The current data reflects a dynamic market with a modest increase in Potassium Chloride prices from April 2023 to April 2024, signaling potential shifts in global economic trends.

Potassium Chloride Price in Last 12 Months World Bank

Source: World-bank
Last Updated: 25 May 2024
Index Last 12 Months Nominal US Dollars($/mt) Net-Chg Percentage-Chg
13April 2023$ 407.50--
12May 2023$ 372.50 $ -35.00-9.40 %
11June 2023$ 328.00 $ -44.50-13.57 %
10July 2023$ 341.25 $ 13.253.88 %
9August 2023$ 353.13 $ 11.883.36 %
8September 2023$ 352.00 $ -1.13-0.32 %
7October 2023$ 341.88 $ -10.12-2.96 %
6November 2023$ 331.88 $ -10.00-3.01 %
5December 2023$ 311.88 $ -20.00-6.41 %
4January 2024$ 296.25 $ -15.63-5.28 %
3February 2024$ 289.38 $ -6.87-2.37 %
2March 2024$ 300.50 $ 11.123.70 %
1April 2024$ 305.00 $ 4.501.48 %

Potassium Chloride Price Annual World Bank

Potassium Chloride Price in 2023 was 383.22 dollars per metric tonne estimated by the world bank.

In the previous year, 2022 Potassium Chloride Price was 863.42 dollars per metric tonne. The net change in Potassium Chloride Price in 2023 was -480.2 dollars which is about a -125.31% decrease in price.

Source: World-bank
Year Price Nominal US Dollars($/mt) Net-ChangePercentage-Change
1960 $ 28.50--
1961 $ 30.00 $ 1.505.00 %
1962 $ 30.00 $ 0.000.00 %
1963 $ 30.00 $ 0.000.00 %
1964 $ 32.50 $ 2.507.69 %
1965 $ 29.50 $ -3.00-10.17 %
1966 $ 27.50 $ -2.00-7.27 %
1967 $ 25.50 $ -2.00-7.84 %
1968 $ 24.00 $ -1.50-6.25 %
1969 $ 22.00 $ -2.00-9.09 %
1970 $ 31.50 $ 9.5030.16 %
1971 $ 32.50 $ 1.003.08 %
1972 $ 33.50 $ 1.002.99 %
1973 $ 42.50 $ 9.0021.18 %
1974 $ 60.50 $ 18.0029.75 %
1975 $ 81.33 $ 20.8325.61 %
1976 $ 55.50 $ -25.83-46.54 %
1977 $ 55.29 $ -0.21-0.38 %
1978 $ 59.01 $ 3.726.30 %
1979 $ 76.47 $ 17.4622.83 %
1980 $ 106.50 $ 30.0328.20 %
1981 $ 110.17 $ 3.673.33 %
1982 $ 83.25 $ -26.92-32.34 %
1983 $ 74.42 $ -8.83-11.87 %
1984 $ 84.13 $ 9.7111.54 %
1985 $ 83.21 $ -0.92-1.11 %
1986 $ 72.96 $ -10.25-14.05 %
1987 $ 67.29 $ -5.67-8.43 %
1988 $ 86.83 $ 19.5422.50 %
1989 $ 98.33 $ 11.5011.70 %
1990 $ 94.63 $ -3.70-3.91 %
1991 $ 106.43 $ 11.8011.09 %
1992 $ 111.76 $ 5.334.77 %
1993 $ 112.54 $ 0.780.69 %
1994 $ 112.50 $ -0.04-0.04 %
1995 $ 112.50 $ 0.000.00 %
1996 $ 112.50 $ 0.000.00 %
1997 $ 112.50 $ 0.000.00 %
1998 $ 112.50 $ 0.000.00 %
1999 $ 112.50 $ 0.000.00 %
2000 $ 112.50 $ 0.000.00 %
2001 $ 112.50 $ 0.000.00 %
2002 $ 112.50 $ 0.000.00 %
2003 $ 112.50 $ 0.000.00 %
2004 $ 125.55 $ 13.0510.39 %
2005 $ 155.00 $ 29.4519.00 %
2006 $ 178.33 $ 23.3313.08 %
2007 $ 195.42 $ 17.098.75 %
2008 $ 455.97 $ 260.5557.14 %
2009 $ 558.48 $ 102.5118.36 %
2010 $ 332.15 $ -226.33-68.14 %
2011 $ 392.82 $ 60.6715.44 %
2012 $ 465.38 $ 72.5615.59 %
2013 $ 395.00 $ -70.38-17.82 %
2014 $ 296.63 $ -98.37-33.16 %
2015 $ 296.06 $ -0.57-0.19 %
2016 $ 260.33 $ -35.73-13.72 %
2017 $ 218.23 $ -42.10-19.29 %
2018 $ 215.50 $ -2.73-1.27 %
2019 $ 255.50 $ 40.0015.66 %
2020 $ 241.07 $ -14.43-5.99 %
2021 $ 542.81 $ 301.7455.59 %
2022 $ 863.42 $ 320.6137.13 %
2023 $ 383.22 $ -480.20-125.31 %

Introduction

Potassium chloride is a chemical compound commonly used in various industries, including agriculture, food processing, and healthcare. As a vital source of potassium, it plays a significant role in promoting plant growth, regulating bodily functions, and ensuring overall human health.

Understanding Potassium Chloride

Potassium chloride (KCl) is a crystalline salt that consists of potassium and chloride ions. It is naturally occurring and can be extracted from minerals such as sylvite and carnallite. Potassium chloride is primarily used as a fertilizer to enhance soil fertility and crop yield. Additionally, it finds applications in the pharmaceutical industry, water treatment processes, and as a substitute for sodium chloride in food production.

Factors Affecting Potassium Chloride Price

 1. Supply and Demand Dynamics

The availability of potassium chloride in the market greatly influences its price. Factors like production levels, import/export patterns, and seasonal demand fluctuations contribute to the overall supply and demand dynamics. If the supply is limited or demand surges, the price of potassium chloride tends to increase.

 2. Production and Extraction Costs

The cost of extracting and processing potassium chloride directly impacts its price. Factors like mining operations, energy expenses, labor costs, and transportation charges are all taken into account during pricing. Technological advancements and economies of scale can help optimize production costs and potentially affect the final price.

 3. Quality and Purity Levels

The quality and purity of potassium chloride can vary depending on the source and manufacturing processes involved. Higher purity levels often come at a higher cost due to the additional refining steps required. Industries that require specific purity standards may be willing to pay a premium for potassium chloride that meets their stringent requirements.

 4. Market Competition

The competitive landscape among potassium chloride suppliers also affects pricing. When multiple suppliers are vying for market share, they may engage in price competition to attract customers. On the other hand, if a single supplier dominates the market, they may have more control over setting the price.

Applications and Value of Potassium Chloride

 1. Agricultural Sector

Potassium chloride is widely used as a fertilizer in the agricultural sector. It provides essential nutrients for plant growth and helps improve soil fertility. By promoting root development, photosynthesis, and disease resistance in crops, potassium chloride plays a vital role in maximizing agricultural productivity. Farmers and growers recognize the value it brings to their yield and overall crop quality.

 2. Human and Animal Nutrition

Potassium is an essential mineral for maintaining proper bodily functions in humans and animals. Potassium chloride supplements are commonly prescribed to individuals with potassium deficiencies or specific medical conditions. It aids in nerve transmission, muscle contractions, and the regulation of blood pressure. The pharmaceutical industry values potassium chloride for its therapeutic properties and its role in formulating various medications.

 3. Industrial Applications

Potassium chloride finds applications in various industrial processes. It is used in water treatment systems to prevent scaling and corrosion. In the manufacturing of glass, ceramics, and detergents, potassium chloride serves as a vital ingredient. Furthermore, it is utilized in oil drilling operations, where it helps stabilize wellbore pressures and control the flow of fluids.

Conclusion

The price of potassium chloride is influenced by several factors, including supply and demand dynamics, production costs, quality levels, and market competition. While these factors contribute to the overall pricing, the value of potassium chloride lies in its versatile applications. From enhancing agricultural yields to improving human health and facilitating industrial processes, potassium chloride plays a crucial role in various sectors. By understanding the factors affecting its price and harnessing its benefits, stakeholders can make informed decisions regarding its usage and procurement.

Remember, when considering potassium chloride price, it is essential to evaluate not only the cost but also the value it provides in different contexts.