Turkey - Caustic Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey’s Caustic Soda Imports Plunge 49%, Dropping to $164 Million in 2023
Turkey Caustic Soda Imports
In 2023, imports of caustic soda into Turkey fell markedly to 430K tons, which is down by -32.8% against the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 69%. Over the period under review, imports attained the peak figure at 640K tons in 2022, and then shrank dramatically in the following year.
In value terms, caustic soda imports reduced sharply to $164M (IndexBox estimates) in 2023. Overall, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2022 with an increase of 252% against the previous year. As a result, imports attained the peak of $321M, and then contracted markedly in the following year.
| COUNTRY | Import Value of Caustic Soda in Turkey (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Egypt | 9.9 | 16.2 | 20.6 | 10.8 | 20.0 | 12.3 | 32.5 | 10.6 | 19.6 | 66.5 | 35.5 |
| France | 22.7 | 25.5 | 18.8 | 29.7 | 35.6 | 20.1 | 30.0 | 19.8 | 16.9 | 18.9 | 26.2 |
| Russia | 11.9 | 3.7 | 8.3 | 12.4 | 14.1 | 19.1 | 11.2 | 19.2 | 14.5 | 58.0 | 21.7 |
| Iran | 9.2 | 4.7 | 4.9 | 5.1 | 5.9 | 5.8 | 8.6 | 2.9 | 15.5 | 36.1 | 20.1 |
| Romania | 6.8 | 21.5 | 10.0 | 16.4 | 15.6 | 4.5 | 7.3 | 12.5 | 15.8 | 35.1 | 17.4 |
| Belgium | 5.4 | 0.5 | 1.5 | 4.1 | 6.5 | 2.1 | 6.3 | 7.4 | 1.6 | N/A | 13.4 |
| China | 6.7 | 3.0 | 5.3 | 2.9 | 2.6 | 2.5 | 1.4 | 0.3 | N/A | 24.2 | 9.0 |
| Others | 48.5 | 18.9 | 17.5 | 25.7 | 44.0 | 19.0 | 21.4 | 12.7 | 7.4 | 82.0 | 21.2 |
| Total | 121 | 93.9 | 86.8 | 107 | 144 | 85.2 | 119 | 85.4 | 91.2 | 321 | 164 |
Imports by Country
Egypt (114K tons), Russia (69K tons) and Romania (51K tons) were the main suppliers of caustic soda imports to Turkey, with a combined 54% share of total imports.
From 2013 to 2023, the biggest increases were recorded for Egypt (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest caustic soda suppliers to Turkey were Egypt ($35M), France ($26M) and Russia ($22M), with a combined 51% share of total imports.
Egypt, with a CAGR of +13.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In 2023, caustic soda in aqueous solution (soda lye) (375K tons) constituted the largest type of caustic soda supplied to Turkey, accounting for a 87% share of total imports. Moreover, caustic soda in aqueous solution (soda lye) exceeded the figures recorded for the second-largest type, caustic soda in the solid form (55K tons), sevenfold.
From 2013 to 2023, the average annual growth rate of the volume of caustic soda in aqueous solution (soda lye) imports was relatively modest.
In value terms, caustic soda in aqueous solution (soda lye) ($131M) constituted the largest type of caustic soda supplied to Turkey, comprising 80% of total imports. The second position in the ranking was held by caustic soda in the solid form ($33M), with a 20% share of total imports.
Import Prices by Country
In 2023, the caustic soda price stood at $382 per ton (CIF, Turkey), shrinking by -23.7% against the previous year. In general, the import price, however, posted measured growth. The most prominent rate of growth was recorded in 2022 an increase of 172%. As a result, import price attained the peak level of $501 per ton, and then dropped dramatically 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 the United States ($1,575 per ton), while the price for Belgium ($273 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+16.9%), 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 Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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
