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The most notable increase in growth was seen in March 2023 with Potassium Hydroxide imports rising by 280% compared to the previous month. The value of Potassium Hydroxide imports surged to $3.1M in November 2023.
Potassium Hydroxide saw a significant 66% month-on-month growth in July 2023, bringing its import value to $1.2M in February 2024.
The exports of Potassium Hydroxide exhibited a stagnant growth from April 2023 to November 2023, with a slight increase in value to $6M in November 2023.
The pace of growth for Potassium Hydroxide was the most pronounced in November 2022 with a month-to-month increase of 96%. However, in August 2023, the value of potassium hydroxide exports dropped remarkably to $2.8M.
As of June 2023, the price of Potassium Hydroxide is $750 per ton (CIF, Spain), reflecting a decrease of -9% compared to the previous month.
The price of Potassium Hydroxide in May 2023 was $1,634 per ton (CIF, Poland), representing a decrease of 10.9% compared to the previous month.
The price of Potassium Hydroxide in South Africa, CIF, was $1,277 per ton in May 2023, showing a decrease of -22.9% compared to the previous month.
In February 2023, the potassium hydroxide price stood at $2,002 per ton (CIF, Brazil), increasing by 1.7% against the previous month.
Potassium Hydroxide price dropped -6.3% in January 2023 to $1,728 per ton (CIF, Germany)
In July 2022, the potassium hydroxide price per ton amounted to $1.8K (CIF, Canada), picking up by 42% against the previous month.
Potassium hydroxide exports in the EU surged by 14% to 732K tons in 2020. In the past decade, exports increased more than threefold in physical terms.
Global potash production increased by 2.3% y/y to 46M tons of potassium oxide (K2O) equivalent in 2021. With the steady expansion of mining facilities in Russia, Canada and Belarus, the world’s potash output is forecast to pick up a further 11% by 2025.