Report Update Nov 1, 2024

Chile - Potassium Hydroxide (Caustic Potash) - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Chile

In 2022, the Chilean potassium hydroxide market increased by 16% to $X, rising for the fourth consecutive year after three years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +95.7% against 2018 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Potassium Hydroxide Exports

Exports from Chile

In 2022, exports of potassium hydroxide (caustic potash) from Chile soared to X kg, picking up by 22% on the previous year. In general, exports, however, recorded a abrupt slump. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, potassium hydroxide exports fell rapidly to $X in 2022. Over the period under review, exports, however, showed a significant decrease. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for potassium hydroxide exports from Chile, accounting for a approx. 100% share of total exports.

From 2013 to 2022, the average annual growth rate of volume to Canada totaled +109.0%.

In value terms, Canada ($X) emerged as the key foreign market for potassium hydroxide (caustic potash) exports from Chile.

From 2013 to 2022, the average annual growth rate of value to Canada amounted to +86.0%.

Export Prices by Country

The average potassium hydroxide export price stood at $X per ton in 2022, shrinking by -58.9% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2013 to 2022, the rate of growth in terms of prices for Canada amounted to -11.0% per year.

Potassium Hydroxide Imports

Imports into Chile

In 2022, supplies from abroad of potassium hydroxide (caustic potash) decreased by -13.5% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 28%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, potassium hydroxide imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main suppliers of potassium hydroxide imports to Chile, with a combined 79% share of total imports. Argentina and Brazil lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +225.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of potassium hydroxide (caustic potash) to Chile, comprising 38% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by Argentina, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.4% per year) and Argentina (+220.2% per year).

Import Prices by Country

The average potassium hydroxide import price stood at $X per ton in 2022, surging by 49% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium hydroxide import price increased by +99.6% against 2020 indices. 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 origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potassium hydroxide (caustic potash) in the world?

The country with the largest volume of potassium hydroxide consumption was China, accounting for 20% of total volume. Moreover, potassium hydroxide consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. Germany ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of potassium hydroxide (caustic potash) in the world?

China remains the largest potassium hydroxide producing country worldwide, accounting for 21% of total volume. Moreover, potassium hydroxide production in China exceeded the figures recorded by the second-largest producer, Belgium, twofold. The third position in this ranking was occupied by India, with an 8% share.

What are the leading suppliers of potassium hydroxide (caustic potash) to Chile?

In value terms, the largest potassium hydroxide suppliers to Chile were South Korea, the United States and Argentina, together accounting for 75% of total imports.

What are the leading importers of potassium hydroxide (caustic potash) from Chile?

In value terms, Malaysia remains the key foreign market for potassium hydroxide exports from Chile.

What is the average export price for potassium hydroxide (caustic potash) in Chile?

The average potassium hydroxide export price stood at $1,162 per ton in 2021, reducing by -5.6% against the previous year.

What is the average import price for potassium hydroxide (caustic potash) in Chile?

The average potassium hydroxide import price stood at $1,122 per ton in 2021, picking up by 54% against the previous year.

This report provides an in-depth analysis of the potassium hydroxide market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132530 - Potassium hydroxide (caustic potash)

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023