Report Update Nov 1, 2024

Bangladesh - Caustic Soda - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Caustic Soda Market 2024

Caustic Soda Market Size in Bangladesh

In 2021, after five years of decline, there was significant growth in the Bangladeshi caustic soda market, when its value increased by 52% to $X. Overall, consumption, however, recorded a deep contraction. Caustic soda consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Caustic Soda Exports

Exports from Bangladesh

In 2021, after nine years of growth, there was significant decline in overseas shipments of caustic soda, when their volume decreased by -13.6% to X tons. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 202%. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, caustic soda exports fell to $X in 2021. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 82%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank in the following year.

Exports by Country

India (X tons), Myanmar (X tons) and Sri Lanka (X tons) were the main destinations of caustic soda exports from Bangladesh, with a combined 83% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Sri Lanka (with a CAGR of +97.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caustic soda exported from Bangladesh were India ($X), Myanmar ($X) and Sri Lanka ($X), with a combined 80% share of total exports.

Sri Lanka, with a CAGR of +82.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average caustic soda export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 6%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Myanmar ($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 Tanzania (+18.8%), while the prices for the other major destinations experienced a decline.

Caustic Soda Imports

Imports into Bangladesh

In 2021, after five years of decline, there was growth in purchases abroad of caustic soda, when their volume increased by 3.6% to X tons. Overall, imports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 39% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, caustic soda imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 34% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of caustic soda imports to Bangladesh, together accounting for 75% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +41.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Hong Kong SAR ($X) were the largest caustic soda suppliers to Bangladesh, with a combined 64% share of total imports.

Hong Kong SAR, with a CAGR of +36.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caustic soda import price stood at $X per ton in 2021, with an increase of 14% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a 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 Indonesia ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for caustic soda in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together comprising 47% of global consumption. Brazil, South Korea, Germany, Indonesia, the UK, Japan, Egypt and Taiwan Chinese) lagged somewhat behind, together comprising a further 25%.

What are the largest producers of caustic soda in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together accounting for 56% of global production. South Korea, Japan, Germany, Indonesia, Brazil, the UK, Russia, Egypt, Belgium and Iran lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of caustic soda to Bangladesh?

In value terms, Saudi Arabia constituted the largest supplier of caustic soda to Bangladesh, comprising 44% of total imports. The second position in the ranking was occupied by India, with a 21% share of total imports. It was followed by China, with a 17% share.

What are the leading importers of caustic soda from Bangladesh?

In value terms, India emerged as the key foreign market for caustic soda exports from Bangladesh, comprising 90% of total exports. The second position in the ranking was occupied by Vietnam, with a 5.9% share of total exports.

What is the average export price for caustic soda in Bangladesh?

In 2021, the average caustic soda export price amounted to $441 per ton, waning by -5.1% against the previous year.

What is the average import price for caustic soda in Bangladesh?

The average caustic soda import price stood at $463 per ton in 2021, growing by 14% against the previous year.

This report provides an in-depth analysis of the caustic soda market in Bangladesh. 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:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023