Thailand - Potassium Hydroxide (Caustic Potash) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Hydroxide Price in Thailand - 2023
Contents:
- Potassium Hydroxide Price in Thailand (CIF) - 2023
- Potassium Hydroxide Price in Thailand (FOB) - 2023
- Potassium Hydroxide Imports in Thailand
- Potassium Hydroxide Exports in Thailand
Potassium Hydroxide Price in Thailand (CIF) - 2023
In September 2023, the average potassium hydroxide import price amounted to $985 per ton, with a decrease of -8.8% against the previous month. Overall, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 20% m-o-m. The import price peaked at $1,446 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the countries with the highest prices were South Korea ($1,202 per ton) and Japan ($1,173 per ton), while the price for Taiwan (Chinese) ($804 per ton) and China ($860 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.1%), while the prices for the other major suppliers experienced a decline.
Potassium Hydroxide Price in Thailand (FOB) - 2023
The average potassium hydroxide export price stood at $663 per ton in September 2023, almost unchanged from the previous month. Over the period under review, the export price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in February 2023 an increase of 86% month-to-month. As a result, the export price reached the peak level of $1,684 per ton. From March 2023 to September 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Indonesia ($665 per ton), while the average price for exports to Singapore stood at $662 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-2.8%).
Potassium Hydroxide Imports in Thailand
In 2022, overseas purchases of potassium hydroxide (caustic potash) decreased by -15.8% to 13K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 9.9% against the previous year.
In value terms, potassium hydroxide imports soared to $16M in 2022. The total import value increased at an average annual rate of +11.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Potassium Hydroxide in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.9 | 7.6 | 6.7 | 8.1 | 5.5% |
| China | 1.8 | 3.0 | 4.7 | 5.4 | 44.2% |
| Taiwan (Chinese) | 1.7 | 0.4 | 0.8 | 0.9 | -19.1% |
| Japan | 0.5 | 1.2 | 1.0 | 0.7 | 11.9% |
| Hong Kong SAR | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.9 | 0.8 | 0.7 | 0.5 | -17.8% |
| Total | 11.8 | 13.0 | 13.9 | 16.2 | 11.1% |
Top Suppliers of Potassium Hydroxide to Thailand in 2022:
- South Korea (5.8K tons)
- China (5.6K tons)
- Taiwan (Chinese) (0.6K tons)
- Japan (0.6K tons)
- Hong Kong SAR (0.5K tons)
Potassium Hydroxide Exports in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of potassium hydroxide (caustic potash), when their volume decreased by -22.4% to 3.8K tons. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 162%.
In value terms, potassium hydroxide exports skyrocketed to $3M in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 110%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Potassium Hydroxide in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 519 | 1,602 | 1,538 | 2,347 | 65.4% |
| Indonesia | 30.3 | 27.8 | 109 | 277 | 109.1% |
| Malaysia | 276 | 303 | 405 | 45.1 | -45.3% |
| New Zealand | 83.3 | 46.7 | 46.8 | N/A | -25.0% |
| Others | 206 | 357 | 377 | 332 | 17.2% |
| Total | 1,114 | 2,336 | 2,475 | 3,002 | 39.2% |
Top Export Markets for Potassium Hydroxide from Thailand in 2022:
- Singapore (3314.4 tons)
- Indonesia (367.7 tons)
- Malaysia (48.0 tons)
This report provides an in-depth analysis of the potassium hydroxide market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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