Investor Presentaiton
Market Overview
In 2022, the market experienced an oversupply of potash due to increased availability. Coupled with a 15% decrease in potash
consumption in Brazil, this resulted in a 23% increase in year-end potash stock, highlighting the lower overall demand.
2,3
K2O consumption in Brazil per year (million tonnes)
8.00
7.72
7.00
6.00
5.00
4.00
3.00
2.00
K20 Consumption (million tonnes)
2.71
3.99
Year-end stock in Brazil ('000 tonnes)
6.57
2,148
KCl
1,740
1.20
1.00
0.00
1990
2000
2010
2021
2022
Year
Fertilizers
8,441
7,274
1,000
2,000 3,000 4,000 5,000
6,000
7,000 8,000 9,000
2022 2021
Source: 1 - Brazilian Fertilizer Mixers Association (from "Associação Misturadores de Adubo do Brasil")
2- Brazilian potash consumption, Statistical Yearbook of the National Association for the Dissemination of Fertilizers ("ANDA", from Associação Nacional para Difusão de Adubos)
3 - Brazilian Fertilizer Mixers Association (from "Associação Misturadores de Adubo do Brasil").
TSX: NPK OTCMKTS: VNPKF
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