Jordan: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Jordan

In 2022, after five years of growth, there was significant decline in the Jordanian potassium hydroxide market, when its value decreased by X% to $X. Overall, consumption, however, saw a resilient expansion. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Potassium Hydroxide Production in Jordan

In value terms, potassium hydroxide production shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Potassium Hydroxide Exports

Exports from Jordan

In 2022, shipments abroad of potassium hydroxide (caustic potash) decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, potassium hydroxide exports soared to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value 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 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Israel (X tons) was the main destination for potassium hydroxide exports from Jordan, with a X% share of total exports. Moreover, potassium hydroxide exports to Israel exceeded the volume sent to the second major destination, Free Zones (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Israel amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and the United States (X% per year).

In value terms, Israel ($X) remains the key foreign market for potassium hydroxide (caustic potash) exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by Free Zones ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Israel amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and the United States (X% per year).

Export Prices by Country

The average potassium hydroxide export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price recorded buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Spain ($X per ton), while the average price for exports to Free Zones ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Hydroxide Imports

Imports into Jordan

In 2022, overseas purchases of potassium hydroxide (caustic potash) decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

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

Imports by Country

In 2022, Free Zones (X tons) was the main supplier of potassium hydroxide to Jordan, with a X% share of total imports. Moreover, potassium hydroxide imports from Free Zones exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Free Zones amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

In value terms, Free Zones ($X) constituted the largest supplier of potassium hydroxide (caustic potash) to Jordan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Free Zones amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average potassium hydroxide import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price enjoyed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Free Zones ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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