Potassium Nitrate Price 25kg

Formula Weight

101.1032

Density

1.00g/mLat 20°C

Price Trend of Potassium Nitrate

From 2015 to 2020, the average potassium nitrate price 25kg in China's market showed a fluctuating trend, but the overall change was relatively stable within the range of 4200 to 4600.

In 2021, due to the shortage of supply in the potassium nitrate market, the supply from upstream suppliers was less than the demand, and traders were reluctant to sell, resulting in a rapid increase in the price of potassium nitrate in China. The average market price increased from 4235 yuan/ton in 2020 to 5013 yuan/ton in 2021, a year-on-year increase of 18.37%.

Market Size of Potassium Nitrate

Due to the total demand for potassium nitrate products and changes in potassium nitrate price 25kg, there has been significant volatility in the scale of China's potassium nitrate market in recent years.

In 2021, the market size of potassium nitrate in China was 3.519 billion yuan, with industrial demand increasing from 1.514 billion yuan in 2015 to 1.84 billion yuan in 2021. The demand scale in the agricultural sector has increased from 1.589 billion yuan in 2015 to 1.679 billion yuan in 2021.

Prospects of Potassium Nitrate Market

At present, the application of potassium nitrate in agriculture is very extensive. With the increasing market awareness of potassium nitrate products and the rapid development of modern emerging industries and high-tech industries downstream, the position of potassium nitrate products will become increasingly important.

With the adjustment of China's planting industry structure, efficient agriculture will receive strong policy support, and agricultural planting will develop towards more efficient, professional, and standardized development.

Therefore, the demand for high-end fertilizer will maintain a growth trend. The accelerated layout of water and fertilizer integration will also drive the growth of China's demand for water-soluble fertilizers.

Potassium nitrate price 25kg is affordable for farmers. It is a raw material for water-soluble fertilizers that has characteristics such as high nutrient content, good water solubility, and no residue after fertilization without causing soil compaction. In addition to special fertilizer for tobacco, the development of high-end cash crops such as tea, fruit, and flowers in China will also drive the demand for potassium nitrate.