Fertilizers, mineral or chemical: potassic, n.e.c. in heading no. 3104

In 2024, fertilizers, mineral or chemical: potassic, n.e.c. in heading no. 3104 trade exhibited slight decline, with global flows reaching $938,737,512 and a three-year compound annual growth rate of +14.4% (five-year: +18.1%). The all-time peak of $1,414,918,750 was recorded in 2022; the current level is 34% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+7.9% acceleration).

The World Trade Flows Characterization classifies fertilizers, mineral or chemical: potassic, n.e.c. in heading no. 3104 as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.239). The three largest exporters — Jordan ($458.5M), United States ($134.4M), and Russia ($108.2M) — collectively dominate supply flows. The leading exporter has grown at +47.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.052). The three largest import markets are China ($126.5M), Malaysia ($90.6M), and Indonesia ($70.1M). The largest importing market sources from 22 different supplying countries.

Estimated substitution elasticity: -18.02. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Jordan → China at $115.0M, representing 91.0% of the importer's total demand.

The volatility score for fertilizers, mineral or chemical: potassic, n.e.c. in heading no. 3104 is 20 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.