Canada: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Canada

The Canadian market for caustic soda in the solid form soared to $X in 2021, surging by 24% 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). In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Caustic Soda in the Solid Form

Exports from Canada

In 2021, after two years of decline, there was significant growth in shipments abroad of caustic soda in the solid form, when their volume increased by 91% to X tons. Over the period under review, exports, however, showed a pronounced setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of caustic soda in the solid form soared to $X in 2021. In general, exports, however, recorded a slight contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) and India (X tons) were the main destinations of exports of caustic soda in the solid form from Canada.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +4.9%).

In value terms, the United States ($X) remains the key foreign market for caustic soda in the solid form exports from Canada, comprising 75% of total exports. The second position in the ranking was taken by India ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +2.3%.

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, jumping by 48% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.8%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in the Solid Form

Imports into Canada

In 2021, imports of caustic soda in the solid form into Canada rose sharply to X tons, growing by 14% on the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of 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, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. Over the period under review, imports of caustic soda in solid form hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest caustic soda in the solid form supplier to Canada, with a 72% share of total imports. Moreover, imports of caustic soda in the solid form from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.0% per year) and Taiwan (Chinese) (-20.5% per year).

In value terms, the United States ($X) constituted the largest supplier of caustic soda in the solid form to Canada, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 25% share of total imports. It was followed by Taiwan (Chinese), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.5% per year) and Taiwan (Chinese) (-20.9% per year).

Import Prices by Country

The average import price for caustic soda in the solid form stood at $X per ton in 2021, with an increase of 24% against the previous year. Over the period under review, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 49%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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