Brazil: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Brazil

The Brazilian market for caustic soda in the solid form rose significantly to $X in 2021, surging by 10% 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Caustic Soda in the Solid Form

Exports from Brazil

In 2021, shipments abroad of caustic soda in the solid form increased by 21% to X tons, rising for the second year in a row after three years of decline. In general, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +145.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 102%. Over the period under review, the exports of caustic soda in solid form hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of caustic soda in the solid form surged to $X in 2021. Overall, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. Over the period under review, the exports of caustic soda in solid form attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for exports of caustic soda in the solid form from Brazil, with a 60% share of total exports. Moreover, exports of caustic soda in the solid form to Bolivia exceeded the volume sent to the second major destination, Zimbabwe (X tons), more than tenfold. The third position in this ranking was taken by Chile (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-29.9% per year) and Chile (-87.1% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for caustic soda in the solid form exports from Brazil, comprising 74% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 7.3% share of total exports. It was followed by Chile, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-14.4% per year) and Chile (-77.9% per year).

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, picking up by 16% against the previous year. In general, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2018 when the average export price increased by 24% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Paraguay ($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 Zimbabwe (+240.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in the Solid Form

Imports into Brazil

In 2021, imports of caustic soda in the solid form into Brazil rose rapidly to X tons, growing by 7.7% compared with the previous year. Overall, imports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of 99.9%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in the solid form totaled $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 100% against the previous year. Over the period under review, imports of caustic soda in solid form reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tons) constituted the largest caustic soda in the solid form supplier to Brazil, with a 43% share of total imports. Moreover, imports of caustic soda in the solid form from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. India (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR amounted to +114.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+0.7% per year) and India (+64.6% per year).

In value terms, Hong Kong SAR ($X), Poland ($X) and India ($X) were the largest caustic soda in the solid form suppliers to Brazil, with a combined 69% share of total imports. Argentina, China, Romania and Kuwait lagged somewhat behind, together accounting for a further 18%.

Kuwait, with a CAGR of +128.8%, saw the highest rates of growth with regard to 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

In 2021, the average import price for caustic soda in the solid form amounted to $X per ton, picking up by 4.2% against the previous year. Over the period under review, the import price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 43%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Argentina ($X per ton), while the price for Hong Kong SAR ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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