Australia and Oceania: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Australia and Oceania

The potassium hydroxide market in Australia and Oceania reduced to $X in 2022, waning by -11.6% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.9% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Potassium Hydroxide Production in Australia and Oceania

In value terms, potassium hydroxide production contracted to $X in 2022 estimated in export price. Overall, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 99% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Potassium Hydroxide Exports

Exports in Australia and Oceania

In 2022, overseas shipments of potassium hydroxide (caustic potash) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 220%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, potassium hydroxide exports fell to $X in 2022. Overall, exports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 215%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, reaching X tons, which was approx. 96% of total exports in 2022. New Zealand (X tons) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of -15.1% from 2012 to 2022. New Zealand (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand increased by +2.8 percentage points.

In value terms, Australia ($X) emerged as the largest potassium hydroxide supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at -21.2%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, shrinking by -34.6% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when the export price increased by 83% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.5%).

Potassium Hydroxide Imports

Imports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in supplies from abroad of potassium hydroxide (caustic potash), when their volume decreased by -20.8% to X tons. Over the period under review, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 167%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, potassium hydroxide imports dropped dramatically to $X in 2022. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 178% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Australia represented the key importer of potassium hydroxide (caustic potash) in Australia and Oceania, with the volume of imports amounting to X tons, which was near 64% of total imports in 2022. It was distantly followed by New Zealand (X tons) and Papua New Guinea (X tons), together committing a 35% share of total imports.

Imports into Australia decreased at an average annual rate of -10.6% from 2012 to 2022. At the same time, New Zealand (+3.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.1% from 2012-2022. By contrast, Papua New Guinea (-11.1%) illustrated a downward trend over the same period. New Zealand (+20 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea and Australia saw its share reduced by -2.2% and -17.2% from 2012 to 2022, respectively.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) constituted the countries with the highest levels of imports in 2022, together comprising 99% of total imports.

New Zealand, with a CAGR of +2.5%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, surging by 1.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 126%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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