Delivering Value through Organic and Tuck-in Growth
2022
Forecast
от
5
10
15
20
Global Potash Deliveries by Region
Nz
26
We expect global potash demand to be in the range of 68 to 71 million tonnes in 2022 with growth expected from China and
India due to current low inventory levels. We believe near-term supply tightness could limit total shipments in 2022.
Million Tonnes KCI
18
19
20 21E 22F
18
19 20 21E 22F
18 19 20 21E 22F
18 19 20 21E 22F
18
19
20 21E 22F
18
19 20 21E
22F
Other Asia
China
3.2
India
3.7Mmt
Anticipate increased import
volumes in 2022 to support
domestic consumption and
replenish depleted inventories;
growers seek to improve nutrient
deficiencies in their soils
10.3
10.8Mmt
Palm oil prices remain very
strong currently trading at record
levels of around 5,000
MYR/tonne, which we expect to
support strong potash demand in
2022
North America
10.0
11.0Mmt
Despite pullback on demand
from record level in 2021,
supportive crop prices, grower
margins, coupled with increased
planted acreage are expected to
support robust potash
consumption
Latin America
15.5 16.5Mmt
Strong corn and soybean
fundamentals and record-high
grower margins, combined with
continued acreage increases, are
expected to lead to strong
demand in the region
-
15.0 16.0Mmt
Expect to see stronger import
demand as a result of robust
underlying consumption, tight
channel inventories and reduced
domestic supplies
13.0
Other
14.0Mmt
Growing demand for NPK
fertilizers are expected to
continue boosting potash
demand, while product
availability and higher potash
costs may cause some demand
destruction in Africa
March 2022
Source: Industry Consultants, NutrienView entire presentation