Belarus: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Belarus

After two years of decline, the Belarusian market for caustic soda in the solid form increased by 13% to $X in 2021. Overall, consumption recorded a modest expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Exports of Caustic Soda in the Solid Form

Exports from Belarus

In 2021, overseas shipments of caustic soda in the solid form increased by 86% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by 292%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of caustic soda in the solid form soared to $X in 2021. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by 339%. Over the period under review, the exports of caustic soda in solid form hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Sudan (X tons), Lithuania (X tons) and Russia (X tons) were the main destinations of exports of caustic soda in the solid form from Belarus, together comprising 95% 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 +120.8%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X) remains the key foreign market for caustic soda in the solid form exports from Belarus, comprising 56% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 24% share of total exports. It was followed by Russia, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Sudan amounted to +23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+64.7% per year) and Russia (-2.0% per year).

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for caustic soda in the solid form increased by +11.4% against 2015 indices. The most prominent rate of growth was recorded in 2015 an increase of 81%. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lithuania ($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 Sudan (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Caustic Soda in the Solid Form

Imports into Belarus

In 2021, supplies from abroad of caustic soda in the solid form increased by 3.8% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Over the period under review, imports of caustic soda in solid form attained the peak figure in 2021 and are likely to see gradual growth in the near future.

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 relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, imports of caustic soda in solid form reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) was the main caustic soda in the solid form supplier to Belarus, with a 91% share of total imports. Moreover, imports of caustic soda in the solid form from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Poland (-40.3% per year).

In value terms, Russia ($X) constituted the largest supplier of caustic soda in the solid form to Belarus, comprising 90% of total imports. The second position in the ranking was taken by China ($X), with a 5.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Poland (-29.8% per year).

Import Prices by Country

In 2021, the average import price for caustic soda in the solid form amounted to $X per ton, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The import price peaked 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 Poland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+17.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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