Iran: Potassium Hydroxide Market 2022

Potassium Hydroxide Market Size in Iran

The Iranian potassium hydroxide market shrank to $X in 2021, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a notable increase. Potassium hydroxide consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Potassium Hydroxide Exports

Exports from Iran

In 2021, after three years of growth, there was significant decline in shipments abroad of potassium hydroxide (caustic potash), when their volume decreased by -X% to X tons. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2020, and then reduced notably in the following year.

In value terms, potassium hydroxide exports contracted sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2020, and then fell significantly in the following year.

Exports by Country

Armenia (X tons) was the main destination for potassium hydroxide exports from Iran, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Armenia stood at +X%.

In value terms, Armenia ($X) also remains the key foreign market for potassium hydroxide exports from Iran.

From 2012 to 2021, the average annual rate of growth in terms of value to Armenia stood at +X%.

Export Prices by Country

In 2021, the average potassium hydroxide export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Armenia.

From 2012 to 2021, the rate of growth in terms of prices for Armenia amounted to -X% per year.

Potassium Hydroxide Imports

Imports into Iran

In 2021, the amount of potassium hydroxide (caustic potash) imported into Iran declined modestly to X tons, which is down by -X% against 2020 figures. Over the period under review, imports, however, saw a notable increase. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, potassium hydroxide imports declined to $X in 2021. Overall, imports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest potassium hydroxide supplier to Iran, accounting for a X% share of total imports. Moreover, potassium hydroxide imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was occupied by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, South Korea ($X) constituted the largest supplier of potassium hydroxide to Iran, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2021, the average potassium hydroxide import price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted modestly in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform