GCC: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in GCC

In 2022, the GCC potassium hydroxide market decreased by X% to $X, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Potassium Hydroxide Production in GCC

In value terms, potassium hydroxide production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Potassium Hydroxide Exports

Exports in GCC

Potassium hydroxide exports contracted rapidly to X tons in 2022, with a decrease of X% compared with the previous year's figure. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, potassium hydroxide exports soared to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Saudi Arabia (X tons), making up a X% share of total exports. Kuwait (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the potassium hydroxide (caustic potash) exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest potassium hydroxide supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, picking up by X% against the previous year. Overall, the export price recorded buoyant growth. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Potassium Hydroxide Imports

Imports in GCC

In 2022, supplies from abroad of potassium hydroxide (caustic potash) decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, potassium hydroxide imports expanded markedly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X tons, which recorded X% of total imports. Oman (X tons) held the second position in the ranking, followed by Qatar (X tons). All these countries together held near X% share of total imports. The following importers - Bahrain (X tons) and Kuwait (X tons) - together made up X% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Qatar (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Oman (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (X p.p.) and Qatar (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported potassium hydroxide (caustic potash) in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Qatar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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