Portugal: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Portugal

The Portuguese potassium hydroxide market skyrocketed to $X in 2022, surging by 26% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +104.2% against 2017 indices. Potassium hydroxide consumption peaked in 2022 and is likely to see steady growth in the near future.

Potassium Hydroxide Production in Portugal

In value terms, potassium hydroxide production stood at $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Potassium Hydroxide Exports

Exports from Portugal

In 2022, shipments abroad of potassium hydroxide (caustic potash) increased by 44% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 468%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassium hydroxide exports skyrocketed to $X in 2022. In general, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 641%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons), Sao Tome and Principe (X tons) and Angola (X tons) were the main destinations of potassium hydroxide exports from Portugal, together comprising 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +15.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for potassium hydroxide (caustic potash) exports from Portugal, comprising 73% of total exports. The second position in the ranking was held by Angola ($X), with a 15% share of total exports. It was followed by Sao Tome and Principe, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to +18.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-16.8% per year) and Sao Tome and Principe (+6.0% per year).

Export Prices by Country

The average potassium hydroxide export price stood at $X per ton in 2022, surging by 4.5% against the previous year. Overall, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by 91% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 Angola ($X per ton), while the average price for exports to Sao Tome and Principe ($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 Angola (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Hydroxide Imports

Imports into Portugal

In 2022, approx. X tons of potassium hydroxide (caustic potash) were imported into Portugal; jumping by 106% compared with the year before. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

In 2022, Spain (X tons) constituted the largest potassium hydroxide supplier to Portugal, with a 88% share of total imports. Moreover, potassium hydroxide imports from Spain exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+291.5% per year) and France (+4.2% per year).

In value terms, Spain ($X) constituted the largest supplier of potassium hydroxide (caustic potash) to Portugal, comprising 75% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+246.4% per year) and France (-0.9% per year).

Import Prices by Country

In 2022, the average potassium hydroxide import price amounted to $X per ton, surging by 17% against the previous year. In general, the import price, however, continues to indicate a mild reduction. The import price peaked at $X per ton in 2013; however, from 2014 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 the Czech Republic ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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