Asia-Pacific: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Asia-Pacific

The Asia-Pacific potassium hydroxide market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Potassium Hydroxide Production in Asia-Pacific

In value terms, potassium hydroxide production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Potassium Hydroxide Exports

Exports in Asia-Pacific

Potassium hydroxide exports soared to X tons in 2022, rising by X% compared with the year before. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassium hydroxide exports soared to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea was the key exporter of potassium hydroxide (caustic potash) in Asia-Pacific, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by China (X tons) and Malaysia (X tons), together mixing up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to potassium hydroxide exports from South Korea stood at X%. At the same time, Malaysia (X%) and China (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of Malaysia (X p.p.) and China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, South Korea ($X) remains the largest potassium hydroxide supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

In South Korea, potassium hydroxide exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Potassium Hydroxide Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas purchases of potassium hydroxide (caustic potash), when their volume decreased by X% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, potassium hydroxide imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern 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

Malaysia represented the key importing country with an import of about X tons, which resulted at X% of total imports. Singapore (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%), Indonesia (X%), Japan (X%), Thailand (X%) and the Philippines (X%).

Malaysia experienced a relatively flat trend pattern with regard to volume of imports of potassium hydroxide (caustic potash). At the same time, Singapore (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Thailand, the Philippines and India experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest potassium hydroxide importing markets in Asia-Pacific were Malaysia ($X), India ($X) and Indonesia ($X), with a combined X% share of total imports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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