Argentina: Market for Caustic Soda in Aqueous Solution (Soda Lye) 2024

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in Argentina

The Argentinian market for caustic soda in aqueous solution (soda lye) shrank rapidly to $X in 2021, with a decrease of -19.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a pronounced decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Argentina

In 2021, approx. X tons of caustic soda in aqueous solution (soda lye) were exported from Argentina; increasing by 51% compared with the previous year's figure. Overall, exports, however, saw a deep slump. The growth pace was the most rapid in 2017 with an increase of 155% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of caustic soda in aqueous solution (soda lye) skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2017 with an increase of 176%. Over the period under review, the exports of reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Argentina, with a 72% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to Brazil exceeded the volume sent to the second major destination, Paraguay (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to -21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+0.8% per year) and Uruguay (-2.0% per year).

In value terms, Paraguay ($X), Brazil ($X) and Uruguay ($X) constituted the largest markets for caustic soda in aqueous solution (soda lye) exported from Argentina worldwide, together accounting for 98% of total exports.

Paraguay, with a CAGR of +0.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, with a decrease of -11.7% against the previous year. Overall, the export price, however, recorded a measured increase. The growth pace was the most rapid in 2018 an increase of 51%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Argentina

In 2021, supplies from abroad of caustic soda in aqueous solution (soda lye) increased by 8.1% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of 62% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of caustic soda in aqueous solution (soda lye) contracted to $X in 2021. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Argentina, accounting for a 65% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.0% per year) and Peru (0.0% per year).

In value terms, Brazil ($X) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Argentina, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil totaled -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.1% per year) and Peru (0.0% per year).

Import Prices by Country

The average import price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, which is down by -18.4% against the previous year. In general, the import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.9%).

Source: IndexBox Platform

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