Asia: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Asia

The Asian potassium hydroxide market expanded to $X in 2022, rising by 1.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Potassium Hydroxide Production in Asia

In value terms, potassium hydroxide production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassium Hydroxide Exports

Exports in Asia

After two years of decline, shipments abroad of potassium hydroxide (caustic potash) increased by 22% to X tons in 2022. The total export volume increased at an average annual rate of +5.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 23%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, potassium hydroxide exports skyrocketed to $X in 2022. In general, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, South Korea (X tons) was the major exporter of potassium hydroxide (caustic potash), mixing up 67% of total exports. China (X tons) took the second position in the ranking, distantly followed by Jordan (X tons). All these countries together held approx. 24% share of total exports. Malaysia (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Exports from South Korea increased at an average annual rate of +7.6% from 2012 to 2022. At the same time, Malaysia (+34.3%) and China (+9.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +34.3% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Jordan (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, China and Malaysia increased by +12, +6.3 and +2.8 percentage points, respectively.

In value terms, South Korea ($X) remains the largest potassium hydroxide supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by China ($X), with a 23% share of total exports. It was followed by Jordan, with an 8% share.

In South Korea, potassium hydroxide exports increased at an average annual rate of +8.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (+13.5% per year) and Jordan (+4.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, with an increase of 44% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium hydroxide export price increased by +73.3% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+16.0%), while the other leaders experienced more modest paces of growth.

Potassium Hydroxide Imports

Imports in Asia

In 2022, approx. X tons of potassium hydroxide (caustic potash) were imported in Asia; with a decrease of -4.2% on the previous year. The total import volume increased at an average annual rate of +5.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 55% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted modestly in the following year.

In value terms, potassium hydroxide imports skyrocketed to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.4% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons) and Israel (X tons) were the largest importers of potassium hydroxide (caustic potash) in 2022, recording near 23% and 17% of total imports, respectively. It was distantly followed by Indonesia (X tons), Singapore (X tons), India (X tons), Turkey (X tons), Japan (X tons), Thailand (X tons) and the Philippines (X tons), together mixing up a 47% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Malaysia ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 47% of total imports.

In terms of the main importing countries, Israel, with a CAGR of +11.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by 40% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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