Republic of Korea - Potassium Hydroxide (Caustic Potash) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotassium Hydroxide Price in South Korea - 2022
Contents:
- Potassium Hydroxide Price in South Korea (FOB) - 2022
- Potassium Hydroxide Price in South Korea (CIF) - 2022
- Potassium Hydroxide Exports in South Korea
- Potassium Hydroxide Imports in South Korea
Potassium Hydroxide Price in South Korea (FOB) - 2022
In December 2022, the average potassium hydroxide export price amounted to $1,294 per ton, which is down by -4.6% against the previous month. Overall, export price indicated tangible growth from December 2021 to December 2022: its price increased at an average monthly rate of +4.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, potassium hydroxide export price decreased by -8.9% against August 2022 indices. The pace of growth appeared the most rapid in July 2022 an increase of 27% against the previous month. Over the period under review, the average export prices reached the maximum at $1,420 per ton in August 2022; however, from September 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was the UK ($2,068 per ton), while the average price for exports to New Zealand ($754 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Potassium Hydroxide Price in South Korea (CIF) - 2022
In 2022, the average potassium hydroxide import price amounted to $1,600 per ton, growing by 42% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium hydroxide import price increased by +94.2% against 2017 indices. Over the period under review, average import prices reached the maximum at $1,745 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($5,003 per ton), while the price for Taiwan (Chinese) ($1,210 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Potassium Hydroxide Exports in South Korea
For the fourth year in a row, South Korea recorded growth in overseas shipments of potassium hydroxide (caustic potash), which increased by 22% to 266K tons in 2022. The total export volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, potassium hydroxide exports skyrocketed to $266M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Potassium Hydroxide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 9.7 | 9.5 | 6.1 | 30.0 | 45.7% |
| Malaysia | 18.7 | 23.1 | 27.4 | 29.9 | 16.9% |
| Indonesia | 12.3 | 12.4 | 14.0 | 20.3 | 18.2% |
| India | 7.8 | 8.0 | 10.5 | 18.2 | 32.6% |
| United States | 12.1 | 9.8 | 9.6 | 15.5 | 8.6% |
| Turkey | 4.7 | 4.4 | 5.3 | 14.1 | 44.2% |
| Australia | 6.8 | 8.7 | 10.8 | 12.1 | 21.2% |
| Philippines | 7.9 | 6.6 | 8.0 | 11.7 | 14.0% |
| Israel | 4.6 | 3.2 | 2.3 | 11.3 | 34.9% |
| Spain | 4.6 | 4.3 | 2.7 | 8.6 | 23.2% |
| United Kingdom | 3.2 | 3.1 | 1.7 | 6.9 | 29.2% |
| Japan | 3.9 | 2.9 | 4.0 | 5.7 | 13.5% |
| Poland | 0.7 | 0.5 | 0.8 | 3.9 | 77.3% |
| Others | 56.0 | 50.9 | 49.6 | 78.2 | 11.8% |
| Total | 153 | 147 | 153 | 266 | 20.2% |
Top Export Markets for Potassium Hydroxide from South Korea in 2022:
- Brazil (44.5K tons)
- Malaysia (34.6K tons)
- Indonesia (16.6K tons)
- India (16.5K tons)
- Australia (12.7K tons)
- Turkey (12.0K tons)
- Israel (11.5K tons)
- United States (11.3K tons)
- Philippines (10.1K tons)
- Japan (8.3K tons)
- United Kingdom (7.9K tons)
- Spain (7.0K tons)
- Poland (6.0K tons)
Potassium Hydroxide Imports in South Korea
For the third year in a row, South Korea recorded decline in overseas purchases of potassium hydroxide (caustic potash), which decreased by -13.5% to 4.5K tons in 2022. Over the period under review, imports faced a abrupt decline. The smallest decline of -9.4% was in 2021.
In value terms, potassium hydroxide imports surged to $7.2M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Potassium Hydroxide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 3.1 | 2.8 | 4.5 | 14.5% |
| United States | 0.7 | 0.7 | 0.9 | 0.9 | 8.7% |
| Japan | 0.5 | 0.4 | 0.6 | 0.7 | 11.9% |
| Czech Republic | 0.1 | 0.3 | 0.3 | 0.5 | 71.0% |
| Taiwan (Chinese) | 1.6 | 1.1 | 0.9 | 0.1 | -60.3% |
| Others | 0.5 | 0.4 | 0.3 | 0.5 | 0.0% |
| Total | 6.3 | 6.1 | 5.9 | 7.2 | 4.6% |
Top Suppliers of Potassium Hydroxide to South Korea in 2022:
- China (3476.6 tons)
- United States (575.8 tons)
- Japan (183.4 tons)
- Taiwan (Chinese) (120.0 tons)
- Czech Republic (97.2 tons)
This report provides an in-depth analysis of the potassium hydroxide market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132530 - Potassium hydroxide (caustic potash)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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