World - Potassium Hydroxide (Caustic Potash) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Global Potash Production See Robust Growth with Rising Output in Belarus, Russia and Canada
IndexBox has just published a new report: 'World - Potassium Hydroxide (Caustic Potash) - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
Global Potash Production
In 2021, global potash production rose by 2.3% y/y to 46M tonnes of potassium oxide (K2O) equivalent, thanks to rising production in Belarus, Russia and Canada. Potash output in Belarus increased from 7.4M tonnes to 8M tonnes, while production in Russia and Canada expanded by 11% y/y to 11M tonnes and by 1.4% y/y to 14M tonnes.
Asian, South American and South American countries remain the leading consuming regions, recording the highest consumption growth last year. Driven by rising demand, global potash production is expected to grow by 11% to 51M tonnes of potassium oxide (K2O) equivalent by 2025 due to a further expansion of capacities in Belarus, Canada and Russia. The planned launch of new mining mines in Brazil, Canada, Ethiopia, Morocco, Spain, and the United States may be delayed due to unfavourable economic conditions or funding.
Global Potassium Hydroxide Exports
In 2020, approx. 1.1M tonnes of potassium hydroxide (caustic potash) were exported worldwide, decreasing -9.2% against the year before. In value terms, supplies dropped to $646M (IndexBox estimates).
In 2020, Belgium (357K tonnes), distantly followed by South Korea (208K tonnes), the U.S. (116K tonnes), the Czech Republic (79K tonnes), Germany (77K tonnes) and Italy (69K tonnes) were the leading exporters of potassium hydroxide, together mixing up 80% of total supplies. China (48K tonnes) held a relatively small share of total volume.
In value terms, the largest potassium hydroxide supplying countries worldwide were South Korea ($147M), Belgium ($133M) and the U.S. ($79M), with a combined 56% share of global exports. These countries were followed by the Czech Republic, China, Italy and Germany, which together accounted for a further 21%.
In 2020, the average potassium hydroxide export price amounted to $572 per tonne, levelling off at the previous year. There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($727 per tonne), while Germany ($356 per tonne) was the lowest. In 2020, the most notable price growth rate was attained by Germany.
Top Leading Potassium Hydroxide Importers Worldwide
In 2020, Germany (141K tonnes), followed by France (77K tonnes), Malaysia (76K tonnes), Belgium (69K tonnes), Spain (62K tonnes) and Israel (51K tonnes) were the major importers of potassium hydroxide (caustic potash), together achieving 47% of total imports. The U.S. (46K tonnes), the Netherlands (45K tonnes), Denmark (45K tonnes), the U.K. (38K tonnes), Singapore (26K tonnes), Russia (26K tonnes) and Italy (25K tonnes) occupied a minor share of total imports.
In value terms, the largest potassium hydroxide importing markets worldwide were Germany ($71M), Malaysia ($45M) and Israel ($42M), with a combined 23% share of global imports. France, Spain, the Netherlands, the U.K., the U.S., Belgium, Singapore, Denmark, Russia and Italy lagged somewhat behind, comprising a further 36%.
Source: IndexBox Platform
This report provides an in-depth analysis of the global potassium hydroxide market. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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