Report Update Nov 1, 2024

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

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Saudi Arabia: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Saudi Arabia

The Saudi potassium hydroxide market totaled $X in 2022, almost unchanged from the previous year. Overall, consumption recorded a deep contraction. Potassium hydroxide consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Potassium Hydroxide Production in Saudi Arabia

In value terms, potassium hydroxide production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 27%. Potassium hydroxide production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassium Hydroxide Exports

Exports from Saudi Arabia

In 2022, shipments abroad of potassium hydroxide (caustic potash) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a slight reduction. The growth pace was the most rapid in 2018 with an increase of 264%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, potassium hydroxide exports skyrocketed to $X in 2022. Overall, exports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 279%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Rwanda (X tons) and Bahrain (X tons) were the main destinations of potassium hydroxide exports from Saudi Arabia.

From 2012 to 2022, the biggest increases were recorded for Rwanda (with a CAGR of 0.0%).

In value terms, Rwanda ($X) emerged as the key foreign market for potassium hydroxide (caustic potash) exports from Saudi Arabia, comprising 67% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Rwanda was relatively modest.

Export Prices by Country

The average potassium hydroxide export price stood at $X per ton in 2022, picking up by 3.9% against the previous year. Over the period under review, the export price, however, showed a mild descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Bahrain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+7.7%).

Potassium Hydroxide Imports

Imports into Saudi Arabia

In 2015, approx. X tons of potassium hydroxide (caustic potash) were imported into Saudi Arabia; picking up by 24% against 2014. The total import volume increased at an average annual rate of +6.6% from 2012 to 2015; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassium hydroxide imports surged to $X in 2015. Over the period under review, total imports indicated a resilient expansion from 2012 to 2015: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Jordan (X tons) were the main suppliers of potassium hydroxide imports to Saudi Arabia, together accounting for 90% of total imports.

From 2012 to 2015, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +16.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest potassium hydroxide suppliers to Saudi Arabia were South Korea ($X), China ($X) and Jordan ($X), together comprising 59% of total imports.

South Korea, with a CAGR of +13.8%, saw 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

In 2015, the average potassium hydroxide import price amounted to $X per ton, jumping by 31% against the previous year. Over the period from 2012 to 2015, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2015, amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was attained by the United States (+63.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest potassium hydroxide consuming country worldwide, 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, comprising approx. 21% of total volume. Moreover, potassium hydroxide production in China exceeded the figures recorded by the second-largest producer, Belgium, twofold. India ranked third in terms of total production with an 8% share.

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

In value terms, South Korea, China and Jordan constituted the largest potassium hydroxide suppliers to Saudi Arabia, together accounting for 46% of total imports.

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

In value terms, the United States, the United Arab Emirates and Bahrain were the largest markets for potassium hydroxide exported from Saudi Arabia worldwide, together comprising 78% of total exports.

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

In 2021, the average potassium hydroxide export price amounted to $217 per ton, dropping by -10.4% against the previous year.

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

The average potassium hydroxide import price stood at $2,077 per ton in 2015, with an increase of 47% against the previous year.

This report provides an in-depth analysis of the potassium hydroxide market in Saudi Arabia. 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:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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