CIS: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in CIS

The CIS potassium hydroxide market totaled $X in 2022, with an increase of 6.7% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +7.2% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Potassium Hydroxide Production in CIS

In value terms, potassium hydroxide production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Potassium Hydroxide Exports

Exports in CIS

After two years of growth, overseas shipments of potassium hydroxide (caustic potash) decreased by -13.6% to X tons in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 285% against the previous year. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, potassium hydroxide exports declined to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 222%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

Russia (X tons) and Belarus (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +117.3%).

In value terms, the largest potassium hydroxide supplying countries in the CIS were Russia ($X) and Belarus ($X).

In terms of the main exporting countries, Belarus, with a CAGR of +120.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, growing by 3.6% against the previous year. Overall, the export price, however, recorded a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+1.2%).

Potassium Hydroxide Imports

Imports in CIS

In 2022, imports of potassium hydroxide (caustic potash) in the CIS rose to X tons, with an increase of 1.8% against the previous year's figure. In general, imports saw a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, potassium hydroxide imports totaled $X in 2022. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by 56%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Russia prevails in imports structure, amounting to X tons, which was near 90% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), making up a 4.8% share of total imports. The following importers - Belarus (X tons) and Uzbekistan (X tons) - together made up 4.6% of total imports.

From 2012 to 2022, average annual rates of growth with regard to potassium hydroxide imports into Russia stood at +8.4%. At the same time, Uzbekistan (+39.1%) and Kazakhstan (+24.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +39.1% from 2012-2022. By contrast, Belarus (-6.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan, Russia and Uzbekistan increased by +3.6, +2.7 and +2.1 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported potassium hydroxide (caustic potash) in the CIS, comprising 76% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 10% share of total imports. It was followed by Belarus, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +4.7%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+27.2% per year) and Belarus (+7.4% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the import price, however, showed a slight reduction. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+14.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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