Austria: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Austria

The Austrian potassium hydroxide market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassium Hydroxide Exports

Exports from Austria

In 2022, shipments abroad of potassium hydroxide (caustic potash) increased by 76% to X tons, rising for the third year in a row after two years of decline. In general, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 268%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, potassium hydroxide exports surged to $X in 2022. Over the period under review, exports continue to indicate temperate growth. The growth pace was the most rapid in 2016 with an increase of 119%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Slovenia (X tons) was the main destination for potassium hydroxide exports from Austria, accounting for a 91% share of total exports. Moreover, potassium hydroxide exports to Slovenia exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The third position in this ranking was held by Croatia (X tons), with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+68.0% per year) and Croatia (-20.5% per year).

In value terms, Slovenia ($X) remains the key foreign market for potassium hydroxide (caustic potash) exports from Austria, comprising 65% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Croatia, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia stood at +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+41.1% per year) and Croatia (-9.3% per year).

Export Prices by Country

In 2022, the average potassium hydroxide export price amounted to $X per ton, reducing by -13.9% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 97%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Hydroxide Imports

Imports into Austria

In 2022, purchases abroad of potassium hydroxide (caustic potash) was finally on the rise to reach X tons after two years of decline. In general, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassium hydroxide imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest potassium hydroxide supplier to Austria, with a 43% share of total imports. Moreover, potassium hydroxide imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Slovenia (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.2% per year) and Slovenia (+178.7% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of potassium hydroxide (caustic potash) to Austria, comprising 38% of total imports. The second position in the ranking was taken by Slovenia ($X), with an 18% share of total imports. It was followed by France, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+185.3% per year) and France (+16.6% per year).

Import Prices by Country

The average potassium hydroxide import price stood at $X per ton in 2022, with an increase of 6.2% against the previous year. In general, the import price, however, saw a mild contraction. The growth pace was the most rapid in 2021 when the average import price increased by 9.3%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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