Australia - Caustic Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAustralia's Imports of Caustic Soda Slightly Drop to $1 Billion in 2023
Australia Caustic Soda Imports
Caustic soda imports into Australia expanded slightly to 3.4M tons in 2023, surging by 4.7% compared with the year before. The total import volume increased at an average annual rate of +1.1% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum at 3.5M tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.
In value terms, caustic soda imports contracted sharply to $1B (IndexBox estimates) in 2023. Over the period under review, imports recorded a tangible expansion. The growth pace was the most rapid in 2021 when imports increased by 64%. Imports peaked at $1.2B in 2022, and then declined sharply in the following year.
| COUNTRY | Import Value of Caustic Soda in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 213 | 200 | 145 | 128 | 170 | 177 | 60.5 | 46.6 | 130 | 446 | 698 |
| Japan | 102 | 67.8 | 94.3 | 103 | 126 | 138 | 92.4 | 98.9 | 153 | 258 | 227 |
| United States | 80.6 | 59.9 | 90.8 | 113 | 287 | 318 | 158 | 86.4 | 121 | 136 | 90.3 |
| Saudi Arabia | 128 | 122 | 119 | 139 | 161 | 105 | 69.9 | 89.5 | 99.3 | N/A | N/A |
| Taiwan (Chinese) | 90.3 | 78.6 | 89.2 | 92.5 | 151 | 184 | 119 | 93.0 | 156 | 217 | N/A |
| South Korea | 95.8 | 92.1 | 88.5 | 81.8 | 124 | 129 | 73.6 | 70.6 | 135 | 172 | N/A |
| Others | 1.4 | 0.8 | 1.1 | 1.2 | 7.3 | 7.4 | 7.4 | 5.5 | 8.4 | 1.0 | 1.2 |
| Total | 710 | 622 | 627 | 658 | 1,027 | 1,058 | 580 | 490 | 803 | 1,230 | 1,016 |
Imports by Country
China (1.8M tons), Japan (1.3M tons) and the United States (303K tons) were the main suppliers of caustic soda imports to Australia, together accounting for 100% of total imports.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.0%), while imports for the other leaders experienced mixed trend patterns.
In value terms, China ($698M) constituted the largest supplier of caustic soda to Australia, comprising 69% of total imports. The second position in the ranking was taken by Japan ($227M), with a 22% share of total imports.
From 2013 to 2023, the average annual rate of growth in terms of value from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.4% per year) and the United States (+1.1% per year).
Imports by Type
In 2023, caustic soda in aqueous solution (soda lye) (3.4M tons) was the main type of caustic soda supplied to Australia, with a 100% share of total imports. It was followed by caustic soda in the solid form (6K tons), with a 0.2% share of total imports.
From 2013 to 2023, the average annual growth rate of the volume of caustic soda in aqueous solution (soda lye) imports amounted to +1.1%.
In value terms, caustic soda in aqueous solution (soda lye) ($1B) constituted the largest type of caustic soda supplied to Australia, comprising 100% of total imports. The second position in the ranking was taken by caustic soda in the solid form ($4.8M), with a 0.5% share of total imports.
Import Prices by Country
In 2023, the caustic soda price amounted to $300 per ton (CIF, Australia), dropping by -21.1% against the previous year. Over the period under review, the import price, however, saw a notable expansion. The pace of growth appeared the most rapid in 2022 an increase of 68% against the previous year. As a result, import price attained the peak level of $380 per ton, and then dropped remarkably in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($383 per ton), while the price for Japan ($180 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the caustic soda market in Australia. 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 20132525 - Sodium hydroxide (caustic soda), solid
- Prodcom 20132527 - Sodium hydroxide in aqueous solution (soda lye or liquid soda)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
