Italy: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Italy

The Italian potassium hydroxide market surged to $X in 2022, with an increase of 15% against the previous year. Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Potassium Hydroxide Production in Italy

In value terms, potassium hydroxide production soared to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Potassium Hydroxide Exports

Exports from Italy

For the sixth consecutive year, Italy recorded growth in shipments abroad of potassium hydroxide (caustic potash), which increased by 224% to X tons in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassium hydroxide exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for potassium hydroxide exports from Italy, with a 45% share of total exports. Moreover, potassium hydroxide exports to Germany exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+27.4% per year) and France (+9.5% per year).

In value terms, Germany ($X), Spain ($X) and France ($X) constituted the largest markets for potassium hydroxide exported from Italy worldwide, together comprising 65% of total exports. Switzerland, the Czech Republic, Poland, the Netherlands, Hungary, Austria and Slovenia lagged somewhat behind, together accounting for a further 23%.

The Netherlands, with a CAGR of +33.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potassium hydroxide export price stood at $X per ton in 2022, declining by -5.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 35%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Slovenia ($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 Poland (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Potassium Hydroxide Imports

Imports into Italy

Potassium hydroxide imports into Italy surged to X tons in 2022, with an increase of 93% compared with 2021 figures. In general, imports recorded tangible growth. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

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

Imports by Country

Belgium (X tons), Spain (X tons) and South Korea (X tons) were the main suppliers of potassium hydroxide imports to Italy, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium hydroxide suppliers to Italy were Belgium ($X), South Korea ($X) and France ($X), with a combined 76% share of total imports.

Belgium, with a CAGR of +40.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potassium hydroxide import price stood at $X per ton in 2022, jumping by 57% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 +114.1% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Spain ($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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :