ASEAN: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in ASEAN

In 2022, the ASEAN sodium carbonate market increased by 14% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sodium Carbonate Production in ASEAN

In value terms, sodium carbonate production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2016 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Sodium Carbonate Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of sodium carbonate, when their volume decreased by -48.3% to X tons. Overall, exports, however, enjoyed a measured increase. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. The volume of export peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, sodium carbonate exports shrank remarkably to $X in 2022. In general, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

In 2022, Thailand (X tons) and Indonesia (X tons) were the major exporters of sodium carbonate in ASEAN, together resulting at approx. 73% of total exports. Vietnam (X tons) took the next position in the ranking, followed by Malaysia (X tons) and Singapore (X tons). All these countries together took approx. 27% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +74.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest sodium carbonate supplying countries in ASEAN were Thailand ($X), Indonesia ($X) and Singapore ($X), with a combined 88% share of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of +70.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the other leaders experienced a decline in the export price figures.

Sodium Carbonate Imports

Imports in ASEAN

In 2022, approx. X tons of sodium carbonate were imported in ASEAN; with an increase of 8.3% on 2021 figures. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 18%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, sodium carbonate imports surged to $X in 2022. Overall, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), Thailand (X tons), Malaysia (X tons) and Vietnam (X tons) represented roughly 90% of total imports in 2022. It was distantly followed by the Philippines (X tons), mixing up an 8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 78% share of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of +15.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, jumping by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform