Europe: Potassium Hydroxide Market 2024

Potassium Hydroxide Market Size in Europe

In 2022, the Europe potassium hydroxide market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potassium Hydroxide Production in Europe

In value terms, potassium hydroxide production expanded markedly to $X in 2022 estimated in export price. The total production indicated a tangible expansion 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Potassium Hydroxide Exports

Exports in Europe

In 2022, the amount of potassium hydroxide (caustic potash) exported in Europe soared to X tons, increasing by X% compared with 2021. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, potassium hydroxide exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Belgium was the key exporter of potassium hydroxide (caustic potash) in Europe, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Italy (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), France (X%) and Germany (X%). Spain (X tons) took a relatively small share of total exports.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, Italy (X%), the Czech Republic (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Spain experienced a relatively flat trend pattern. While the share of Belgium (X p.p.) and Italy (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (X p.p.), Spain (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest potassium hydroxide supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium amounted to X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Potassium Hydroxide Imports

Imports in Europe

After two years of decline, purchases abroad of potassium hydroxide (caustic potash) increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassium hydroxide imports surged to $X in 2022. Overall, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany was the key importer of potassium hydroxide (caustic potash) in Europe, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. France (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (X%), the Netherlands (X%), Spain (X%) and Belgium (X%). The following importers - Sweden (X tons), the UK (X tons), Poland (X tons), Norway (X tons), Italy (X tons), Switzerland (X tons) and Russia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to potassium hydroxide imports into Germany stood at X%. At the same time, Spain (X%), Poland (X%), France (X%), Norway (X%), Denmark (X%), Russia (X%), Belgium (X%), Italy (X%), the Netherlands (X%), Switzerland (X%), Sweden (X%) and the UK (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Germany, Spain and France increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported potassium hydroxide (caustic potash) in Europe, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and France (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, with an increase of 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 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the UK ($X per ton), while France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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