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

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

For the third year in a row, the Canadian market for caustic soda in aqueous solution (soda lye) recorded decline in sales value, which decreased by -24.7% to $X in 2021. In general, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.2% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Canada

In 2021, approx. X tons of caustic soda in aqueous solution (soda lye) were exported from Canada; rising by 34% on 2020 figures. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 42%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of caustic soda in aqueous solution (soda lye) surged to $X in 2021. Overall, exports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 33% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Canada, with a 88% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to the United States exceeded the volume sent to the second major destination, Indonesia (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -7.3%.

In value terms, the United States ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from Canada, comprising 94% of total exports. The second position in the ranking was held by Indonesia ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -9.7%.

Export Prices by Country

The average export price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, dropping by -13% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2019 an increase of 31%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 Indonesia 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 (-2.6%).

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Canada

In 2021, supplies from abroad of caustic soda in aqueous solution (soda lye) decreased by -23.3% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) shrank to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% 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 -32.2% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 29%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest caustic soda in aqueous solution (soda lye) supplier to Canada, accounting for a 87% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from the United States exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.3% per year) and the Netherlands (+9.5% per year).

In value terms, the United States ($X) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Canada, comprising 73% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+8.6% per year) and China (+4.0% 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, with an increase of 17% against the previous year. Overall, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for caustic soda in aqueous solution (soda lye) increased by +30.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($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 (+46.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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