Bulgaria: Market for Caustic Soda in Aqueous Solution (Soda Lye) 2024

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in Bulgaria

The Bulgarian market for caustic soda in aqueous solution (soda lye) soared to $X in 2021, surging by 31% 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, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Bulgaria

Exports of caustic soda in aqueous solution (soda lye) from Bulgaria skyrocketed to X tons in 2021, growing by 16% on the previous year. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 229% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, exports of caustic soda in aqueous solution (soda lye) surged to $X in 2021. In general, exports saw a strong expansion. The growth pace was the most rapid in 2017 with an increase of 427% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Romania (X tons), North Macedonia (X tons) and Hungary (X tons) were the main destinations of exports of caustic soda in aqueous solution (soda lye) from Bulgaria, together accounting for 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 Hungary (with a CAGR of +49.5%), while the other leaders experienced more modest paces of growth.

In value terms, North Macedonia ($X), Romania ($X) and Hungary ($X) were the largest markets for caustic soda in aqueous solution (soda lye) exported from Bulgaria worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +41.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, increasing by 3.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 60%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Kosovo ($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 North Macedonia (+2.7%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Bulgaria

In 2021, the amount of caustic soda in aqueous solution (soda lye) imported into Bulgaria soared to X tons, increasing by 21% on the previous year. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of caustic soda in aqueous solution (soda lye) surged to $X in 2021. Overall, imports posted a measured increase. The pace of growth appeared the most rapid in 2017 when imports increased by 50%. Over the period under review, imports of attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Romania (X tons) constituted the largest caustic soda in aqueous solution (soda lye) supplier to Bulgaria, with a 64% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from Romania exceeded the figures recorded by the second-largest supplier, Greece (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Romania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+19.9% per year) and Hungary (+23.0% per year).

In value terms, Romania ($X) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Bulgaria, comprising 65% of total imports. The second position in the ranking was held by Greece ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Romania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+15.9% per year) and Hungary (+24.6% per year).

Import Prices by Country

The average import price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, jumping by 20% against the previous year. In general, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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