Top 10 Potash Countries by Production (Updated 2023)

Potash Investing
wheat in field

Canada leads the top potash countries by production, but what are the other major producers? This list outlines the top 10.

Robust demand for potash pushed prices to a 13 year record high in 2021. That trend continued in the first half of 2022 as potash prices rose on supply chain concerns sparked by Russia’s invasion of Ukraine.

In mid-May 2022, the World Bank said global fertilizer prices were up 30 percent for the year so far, adding that those price-positive conditions were expected to continue through the year and beyond. In fact, bullish sentiment in the potash industry has major market participants such as BHP (NYSE:BHP,ASX:BHP,LSE:BLT) investing billions in new potash fertilizer production.

All of this was welcome news for potash investors — many potash-mining operations have closed in recent years, and some are waiting on the sidelines for better days and improvements in the potash price.


However, rising prices for the fertilizer ultimately led to demand destruction in the second half of 2022. "World potash supply was affected by economic sanctions on Belarus and Russia and resulted in higher prices and lower consumption," explains a recent report written by the US Geological Survey. "World potash consumption in 2022 for fertilizers was estimated to have decreased to between 35 to 39 million tons from 40.6 million tons in 2021."

Looking at supply, the organization states that world potash capacity is projected to rise to 66 million metric tons (MT) in 2025 from 64 million MT in 2021. Most of the increase will come from new muriate of potash (MOP) mines and project expansions in Belarus, Canada and Russia — the big three MOP producers. Looking past 2025, new MOP mines are expected to come online in Brazil, Canada, Ethiopia, Morocco, Spain and the US. As for sulfate of potash, new mines are planned in Australia and Eritrea.

The US Geological Survey estimates that global annual potash production reached 40 million MT in 2022. So what were the top potash countries by production last year? Read through the list below to find out.

1. Canada

Mine production: 16 million MT

Leading the list of the top potash countries by production is Canada. The nation is the world’s largest potash producer, with potash production growing by 180,000 MT in 2022 over 2021 production levels.

Nutrien (TSX:NTR,NYSE:NTR), the world’s largest potash company, is based in the Canadian prairie province of Saskatchewan. It was born from a 2018 merger between two crop nutrient companies, Potash Corporation of Saskatchewan and Agrium. The deal created “a global agricultural giant” now valued at more than US$41 billion.

2. China

Mine production: 6 million MT

China's potash production remained flat in 2022, with no growth over 2021 output. However, the country still jumped to the second spot on the list of top potash-producing countries as output fell in Russia and Belarus.

Potash is extremely vital for China — the country is the largest consumer of the fertilizer, accounting for approximately 20 percent of world potash consumption. China’s domestic demand for the material is higher than its homegrown potash supply, making the country reliant on potash imports, especially when it comes to MOP.

3. Russia

Mine production: 5 million MT

In 2022, Russia posted 5 million MT in potash production, plummeting 45 percent from 9.1 million MT the year prior. Uralkali is Russia’s premier potash company, as well as one of the world’s leading potash producers, accounting for roughly 20 percent of global supply pre-war. The company has five mines and seven ore treatment and processing mills.

In response to Russia’s invasion of Ukraine, the European Union placed import quotas on potash from Russia, while the US sanctions limited the amount of potash that could be imported. “Russia responded by suspending fertilizer exports to countries that it deemed unfriendly. Russia continued exports to China, India, and some countries in Africa and South America, but its exports were about 30% lower in 2022 compared with those in 2021,” notes the US Geological Survey.

4. Belarus

Mine production: 3 million MT

Potash production in Belarus fell by nearly 61 percent from 2021 levels to total 3 million MT in 2022. Prior to Russia's invasion of Ukraine, output from the Eastern European country had been on an upward trajectory since 2016. Belaruskali is the country’s largest industry operator, with six mines and four processing factories.

Belarus' support of Russia's war with Ukraine has placed its potash industry in the same predicament as its comrade.

"In January 2022, the Government of Lithuania, citing national security concerns, cancelled the rail transport contract that allowed the state-run producer in Belarus to ship potash from the port of Klaipeda on the Baltic Sea, its only marine export facility," the US Geological Survey states. "This followed the enactment of economic sanctions on Belarus in 2021 by the European Union and the United States, which banned the import of potash."

5. Germany

Mine production: 2.8 million MT

Although Germany produced 3 million MT of potash in 2019, production has fallen since then and came in at around 2.8 million MT of the material in both 2021 and 2022. K+S (ETR:SDF) is one of Germany’s leading potash miners and has a number of projects, operating six mines in three districts of the country.

6. Israel

Mine production: 2.5 million MT

Annual potash production in Israel has remained in the 2 million to 2.5 million MT range since 2017. The country is sixth in terms of potash production, and it also hosts the world’s sixth largest potash-producing company, Israel Chemicals (NYSE:ICL,TLV:ICL).

The company also produces roughly a third of the world’s bromine, which is often extracted from the same salt water and brine deposits that produce potash.

7. Jordan

Mine production: 1.7 million MT

Potash production in Jordan decreased marginally from 2021 to 2022. Arab Potash Company, located in Jordan, is the seventh largest producer of potash by volume, and is the sole producer of potash in the Arab region. It has helped make Jordan a key potash supplier for India and Asia. Both Israel and Jordan recover potash from the Dead Sea.

8. Chile

Mine production: 850,000 MT

Chile recorded production of 1.2 million MT of potash in 2018, the same as the prior two years; however, production dropped below 1 million MT in 2019 and has slipped further since then. Most recently, Chilean potash production remained relatively flat in 2022, coming in at just 8,000 MT less than it did the previous year.

One of the largest producers of potash in the country is SQM (NYSE:SQM), which is also a leading producer of lithium. South America in general is a large consumer of potash.

9. Laos

Mine production: 600,000 MT

The Southeast Asian nation of Laos was the ninth largest potash-producing country in 2022, bumping the US from the position. The country put out 600,000 MT of potash last year, a relatively big leap from the previous year's output of 260,000 MT of potash. Laos has potash reserves of 75 million MT.

Asia-Potash International Investment (SZSE:000893), one of the largest potassium fertilizer producers in Asia, is at the helm of the country's potash industry. In December 2022, the company announced it would be implementing Huawei's Smart Mining Solution at its Laos operations.

10. Spain

Mine production: 450,000 MT

In 2022, Spain’s potash output grew by 85,000 MT from its 2021 level to hold onto its spot as the 10th largest potash-producing country. This figure is down from 2016, when the country produced 670,000 MT of potash. Spain has potash reserves of 68 million MT. The company Geoalcali has a few potash projects in the country, including the Izaga, Muga and Sierra Del Perdon projects.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

The Conversation (6)
Donald Swanson murray@rivacap.ca
15 Feb, 2017
Could these two consumption numbers be mixed up? - In terms of consumption, according to the US Geological Survey (USGS) estimates that it is expected to increase from 49 million tons in 2016 to 43 million tons in 2019.
1 Reply
Donald Swanson murray@rivacap.ca
15 Feb, 2017
Could these two consumption numbers be mixed up? - In terms of consumption, according to the US Geological Survey (USGS) estimates that it is expected to increase from 49 million tons in 2016 to 43 million tons in 2019.
1 Reply
Ahmed Belay
17 Apr, 2016
I am an employee of ICL company in Ethiopia Danakil depression. we are striving to be a solution for potash demand in the world. your web site plays a great to know more about potash type and production strategies as well. keep it Up!!
Ahmed Belay
17 Apr, 2016
I am an employee of ICL company in Ethiopia Danakil depression. we are striving to be a solution for potash demand in the world. your web site plays a great to know more about potash type and production strategies as well. keep it Up!!

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