U.S.: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in the U.S.

In 2022, the U.S. potassium hydroxide market decreased by -28.6% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Potassium Hydroxide Production in the U.S.

In value terms, potassium hydroxide production reached $X in 2022. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 -7.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Potassium Hydroxide Exports

Exports from the U.S.

In 2022, approx. X tons of potassium hydroxide (caustic potash) were exported from the United States; jumping by 118% compared with 2021 figures. Over the period under review, exports enjoyed a buoyant 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 skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), Mexico (X tons) and Canada (X tons) were the main destinations of potassium hydroxide exports from the United States, together accounting for 73% of total exports. Spain, Israel, Japan, Sweden, Chile, Argentina, Brazil and Australia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +220.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potassium hydroxide exported from the United States were Belgium ($X), Mexico ($X) and Canada ($X), with a combined 66% share of total exports. Spain, Israel, Japan, Sweden, Chile, Brazil, Argentina and Australia lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Sweden, with a CAGR of +212.3%, recorded the highest growth rate of the value of exports, 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, shrinking by -6.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 26%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Argentina ($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 Chile (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Hydroxide Imports

Imports into the U.S.

In 2022, overseas purchases of potassium hydroxide (caustic potash) decreased by -17.3% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, posted moderate growth. The pace of growth appeared the most rapid in 2017 with an increase of 52% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, potassium hydroxide imports surged to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Belgium (X tons) and Jordan (X tons) were the main suppliers of potassium hydroxide imports to the United States, together accounting for 80% of total imports. Mexico, Japan, France and China lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +65.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potassium hydroxide suppliers to the United States were South Korea ($X), Belgium ($X) and Mexico ($X), together comprising 71% of total imports. Japan, Jordan, France and China lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, France, with a CAGR of +46.3%, saw the highest growth rate of the value of imports, 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, growing by 53% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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