Australia: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Australia

The Australian market for caustic soda in the solid form soared to $X in 2021, surging by 37% 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). In general, consumption enjoyed a slight increase. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Caustic Soda in the Solid Form

Exports from Australia

In 2021, overseas shipments of caustic soda in the solid form increased by 3.9% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 260% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, exports of caustic soda in the solid form rose rapidly to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 290% against the previous year. Over the period under review, the exports of caustic soda in solid form hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for exports of caustic soda in the solid form from Australia, with a 85% share of total exports. Moreover, exports of caustic soda in the solid form to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Fiji (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Lao People's Democratic Republic totaled +144.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+20.0% per year) and New Zealand (-14.7% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for caustic soda in the solid form exports from Australia, comprising 96% of total exports. The second position in the ranking was held by Fiji ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Lao People's Democratic Republic totaled +144.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+6.1% per year) and New Zealand (-8.7% per year).

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, increasing by 5.1% against the previous year. In general, the export price showed a temperate increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 41%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Fiji ($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 New Zealand (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Caustic Soda in the Solid Form

Imports into Australia

Imports of caustic soda in the solid form into Australia surged to X tons in 2021, jumping by 25% on 2020 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 33% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of caustic soda in the solid form soared to $X in 2021. Over the period under review, imports, however, showed a pronounced setback. The pace of growth was the most pronounced in 2016 when imports increased by 43% against the previous year. Over the period under review, imports of caustic soda in solid form attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main suppliers of imports of caustic soda in the solid form to Australia, together comprising 89% of total imports. Singapore and Germany lagged somewhat behind, together comprising a further 8.6%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +61.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Thailand ($X) were the largest caustic soda in the solid form suppliers to Australia, with a combined 82% share of total imports. These countries were followed by Singapore and Germany, which together accounted for a further 11%.

Among the main suppliers, Singapore, with a CAGR of +45.9%, saw the highest growth rate of 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 2021, the average import price for caustic soda in the solid form amounted to $X per ton, increasing by 2.5% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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