Bangladesh: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Bangladesh

In 2021, the Bangladeshi market for caustic soda in the solid form increased by 54% to $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption, however, saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Caustic Soda in the Solid Form

Exports from Bangladesh

In 2021, overseas shipments of caustic soda in the solid form decreased by -15.5% to X tons for the first time since 2011, thus ending a nine-year rising trend. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 304% against the previous year. The exports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, exports of caustic soda in the solid form declined notably to $X in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 97% against the previous year. The exports peaked at $X in 2020, and then fell notably in the following year.

Exports by Country

India (X tons), Myanmar (X tons) and Sri Lanka (X tons) were the main destinations of exports of caustic soda in the solid form from Bangladesh, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +96.9%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for caustic soda in the solid form exports from Bangladesh, comprising 40% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 20% share of total exports. It was followed by Myanmar, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+81.8% per year) and Myanmar (+33.6% per year).

Export Prices by Country

In 2021, the average export price for caustic soda in the solid form amounted to $X per ton, standing approx. at the previous year. In general, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 1.1%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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.

Imports of Caustic Soda in the Solid Form

Imports into Bangladesh

In 2021, purchases abroad of caustic soda in the solid form was finally on the rise to reach X tons after five years of decline. Overall, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 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, imports of caustic soda in the solid form soared to $X in 2021. In general, imports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 42% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of 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 imports of caustic soda in the solid form to Bangladesh, with a combined 76% share 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 +43.1%), while imports for the other leaders experienced more modest paces of growth.

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

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +40.2%, 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

The average import price for caustic soda in the solid form stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 19% 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 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 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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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