EU: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in the EU

In 2022, the EU potassium hydroxide market increased by 74% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potassium Hydroxide Production in the EU

In value terms, potassium hydroxide production surged to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Potassium Hydroxide Exports

Exports in the EU

In 2022, potassium hydroxide exports in the European Union soared to X tons, increasing by 102% on the previous year. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 160%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, potassium hydroxide exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2018 with an increase of 116% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Belgium represented the largest exporting country with an export of around X tons, which resulted at 50% of total exports. It was distantly followed by Italy (X tons), the Czech Republic (X tons), France (X tons) and Germany (X tons), together committing a 47% share of total exports. Spain (X tons) held a relatively small share of total exports.

Exports from Belgium increased at an average annual rate of +19.2% from 2012 to 2022. At the same time, Italy (+21.6%), the Czech Republic (+18.5%), Germany (+12.2%) and France (+1.4%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +21.6% from 2012-2022. Spain experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium increased by +50 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest potassium hydroxide supplier in the European Union, comprising 41% of total exports. The second position in the ranking was taken by Italy ($X), with a 19% share of total exports. It was followed by the Czech Republic, with a 17% share.

From 2012 to 2022, the average annual growth rate of value in Belgium totaled +21.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+20.7% per year) and the Czech Republic (+15.2% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with a decrease of -4.1% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The growth pace was the most rapid in 2021 when the export price increased by 13% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Potassium Hydroxide Imports

Imports in the EU

In 2022, potassium hydroxide imports in the European Union soared to X tons, increasing by 134% against the previous year. Over the period under review, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2022, Germany (X tons) represented the main importer of potassium hydroxide (caustic potash), mixing up 33% of total imports. France (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Spain (11%), Denmark (9.4%), Belgium (9%) and the Netherlands (8.9%). Poland (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to potassium hydroxide imports into Germany stood at +14.0%. At the same time, Spain (+23.9%), Poland (+16.7%), France (+14.7%), Belgium (+14.0%), Denmark (+10.1%) and the Netherlands (+7.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +23.9% from 2012-2022. While the share of Spain (+6.7 p.p.), Germany (+3.7 p.p.) and France (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Denmark (-2.4 p.p.) and the Netherlands (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported potassium hydroxide (caustic potash) in the European Union, comprising 29% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +11.4%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+12.7% per year) and France (+12.5% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by 9.7% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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