Asia-Pacific: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Asia-Pacific

The Asia-Pacific sodium carbonate market shrank slightly to $X in 2022, dropping by -2.5% against the previous year. Over the period under review, consumption showed a mild reduction. The growth pace was the most rapid in 2021 with an increase of 5.6% against the previous year. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sodium Carbonate Production in Asia-Pacific

In value terms, sodium carbonate production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 6.3%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Sodium Carbonate Exports

Exports in Asia-Pacific

Sodium carbonate exports surged to X tons in 2022, growing by 114% against 2021 figures. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

Exports by Country

China prevails in exports structure, accounting for X tons, which was near 91% of total exports in 2022. It was distantly followed by India (X tons), constituting a 6.2% share of total exports. Pakistan (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, Pakistan (+11.6%) and India (+4.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +11.6% from 2012-2022. From 2012 to 2022, the share of China decreased by -2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest sodium carbonate supplier in Asia-Pacific, comprising 89% of total exports. The second position in the ranking was taken by India ($X), with a 7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to +8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+9.1% per year) and Pakistan (+14.2% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, increasing by 42% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium carbonate export price increased by +92.1% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the other leaders experienced more modest paces of growth.

Sodium Carbonate Imports

Imports in Asia-Pacific

In 2022, after two years of decline, there was growth in supplies from abroad of sodium carbonate, when their volume increased by 4.9% to X tons. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 11% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, sodium carbonate imports skyrocketed to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +44.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the eleven major importers of sodium carbonate, namely Indonesia, Thailand, South Korea, India, Malaysia, Vietnam, Bangladesh, Australia, the Philippines, Japan and Taiwan (Chinese), represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +13.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and India ($X) were the countries with the highest levels of imports in 2022, with a combined 48% share of total imports. South Korea, Malaysia, Vietnam, Australia, Japan, Bangladesh, the Philippines and Taiwan (Chinese) lagged somewhat behind, together comprising a further 46%.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, increasing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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