Year-by-year annual average price for potash in USD/metric ton, sourced from U.S. Geological Survey / World Bank Commodity Price Data. Potassium chloride (KCl, MOP); 2022 spike from Russia/Belarus sanctions after Ukraine invasion.
Potash is essential for global food security. Russia and Belarus together control approximately 40% of global potash exports — sanctions have directly disrupted global fertilizer supply and raised food prices. Demand is driven primarily by Potassium fertilizers for agriculture, Livestock feed supplements, Industrial chemicals (potassium hydroxide, carbonate). Supply is concentrated in Canada, Russia, Belarus, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Potash prices.
Potash prices fell -12.5% from 2023's $280 per USD/metric ton to $245 per USD/metric ton in 2024.
Potash prices fell -53.3% from 2022's $600 per USD/metric ton to $280 per USD/metric ton in 2023.
Potash prices rose +33.3% from 2021's $450 per USD/metric ton to $600 per USD/metric ton in 2022. That was the highest 2022 reading in 13 years.
Potash prices rose +100.0% from 2020's $225 per USD/metric ton to $450 per USD/metric ton in 2021. That was the highest 2021 reading in 12 years.
Potash prices fell -4.3% from 2019's $235 per USD/metric ton to $225 per USD/metric ton in 2020.
Movement summaries above are calculated directly from the annual averages shown in the table. Critical Minerals HQ does not attribute price moves to specific events except where backed by sourced reporting.
| Year | Average Price (USD/metric ton) | YoY Change |
|---|---|---|
| 2024 | $245 | -12.5% |
| 2023 | $280 | -53.3% |
| 2022 | $600 | +33.3% |
| 2021 | $450 | +100.0% |
| 2020 | $225 | -4.3% |
| 2019 | $235 | -2.1% |
| 2018 | $240 | +9.1% |
| 2017 | $220 | -2.2% |
| 2016 | $225 | -18.2% |
| 2015 | $275 | -8.3% |
| 2014 | $300 | -11.8% |
| 2013 | $340 | -2.9% |
| 2012 | $350 | -2.8% |
| 2011 | $360 | +9.1% |
| 2010 | $330 | -25.0% |
| 2009 | $440 | -45.0% |
| 2008 | $800 | +344.4% |
| 2007 | $180 | +2.9% |
| 2006 | $175 | +6.1% |
| 2005 | $165 | +17.9% |
| 2004 | $140 | +7.7% |
| 2003 | $130 | +8.3% |
| 2002 | $120 | +0.0% |
| 2001 | $120 | +4.3% |
| 2000 | $115 | — |
Source: U.S. Geological Survey / World Bank Commodity Price Data. Potassium chloride (KCl, MOP); 2022 spike from Russia/Belarus sanctions after Ukraine invasion
The most recent annual average we track is $245 per USD/metric ton for 2024. Live spot prices are shown on the Potash live-price page.
down -12.5% — from $280 per USD/metric ton in 2023 to $245 per USD/metric ton in 2024.
up +4.3% — from $235 per USD/metric ton in 2019 to $245 per USD/metric ton in 2024.
down -18.3% — from $300 per USD/metric ton in 2014 to $245 per USD/metric ton in 2024.
Potash is essential for global food security. Russia and Belarus together control approximately 40% of global potash exports — sanctions have directly disrupted global fertilizer supply and raised food prices. Demand is driven primarily by Potassium fertilizers for agriculture, Livestock feed supplements, Industrial chemicals (potassium hydroxide, carbonate). Supply is concentrated in Canada, Russia, Belarus, so output disruptions or trade-policy shifts in those countries are the main long-run drivers of Potash prices.
The highest annual average potash price in our recorded series was $800 per USD/metric ton in 2008.
U.S. Geological Survey / World Bank Commodity Price Data. Potassium chloride (KCl, MOP); 2022 spike from Russia/Belarus sanctions after Ukraine invasion