Potassium resources are estimated at 8-9 billion tons. The worldwide output of potassium chloride amounts to 53 million tons p.a. (source, IFA 2010). New deposits are being open.
Potassium mining is performed using one of the main methods:
Over 80% of known potassium reserves are located in 4 countries: Canada, Russia, Belarus and Germany (out of which 32% in Canada, and 36% in Russia and Belarus - source: IFA, 2010). Taking into consideration its output in Israel, USA and Jordan, the producers of potassium fertilizers from those 7 countries manage over 90% of worldwide potassium market.
The following diagram presents geographical structure of potassium world consumption in 2009:
Source: International Plant Nutrition Institute
Despite intensive output and high deposits of potassium, its demand is higher than supply and there are no signs of changing of this trend. Most of potassium fertilizers are consumed in China (6-7 million tons p.a. and periodically even more), India, Brasil, USA and in Asia. The markets with high potassium consumption are forced to import potassium fertilizers.
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