Belarus: Caustic Soda Market 2025

Caustic Soda Market Size in Belarus

In 2021, the Belarusian caustic soda market decreased by -7.4% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Caustic Soda Exports

Exports from Belarus

In 2021, shipments abroad of caustic soda increased by 79% to X tons, rising for the third year in a row after two years of decline. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by 200% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, caustic soda exports surged to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 174% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Sudan (X tons) and Lithuania (X tons) were the main destinations of caustic soda exports from Belarus, together comprising 90% 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 Lithuania (with a CAGR of +87.6%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X) remains the key foreign market for caustic soda exports from Belarus, comprising 46% of total exports. The second position in the ranking was held by Russia ($X), with a 22% share of total exports. It was followed by Lithuania, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan stood at +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-0.2% per year) and Lithuania (+35.0% per year).

Export Prices by Country

In 2021, the average caustic soda export price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price saw a slight descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 46%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Russia ($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 Kazakhstan (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Caustic Soda Imports

Imports into Belarus

In 2021, overseas purchases of caustic soda decreased by -1.6% to X tons, falling for the second consecutive year after three years of growth. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, caustic soda imports dropped to $X in 2021. Overall, imports saw a slight setback. The pace of growth appeared the most rapid in 2018 with an increase of 28%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest caustic soda supplier to Belarus, accounting for a 74% share of total imports. Moreover, caustic soda imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +2.7%.

In value terms, Russia ($X) constituted the largest supplier of caustic soda to Belarus, comprising 78% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia was relatively modest.

Import Prices by Country

The average caustic soda import price stood at $X per ton in 2021, dropping by -10.1% against the previous year. Overall, the import price saw a pronounced setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Ukraine stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (-2.7%).

Source: IndexBox Platform

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