Central Asia: Caustic Soda Market 2024

Caustic Soda Market Size in Central Asia

After two years of decline, the Central Asian caustic soda market increased by 12% to $X in 2021. Overall, consumption recorded a mild setback. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Caustic Soda Production in Central Asia

In value terms, caustic soda production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 9.6% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Caustic Soda Exports

Exports in Central Asia

For the fifth year in a row, Central Asia recorded growth in overseas shipments of caustic soda, which increased by 6.1% to X tons in 2021. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 64% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, caustic soda exports totaled $X in 2021. Overall, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 66%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Uzbekistan (X tons) and Kazakhstan (X tons), together accounting for 100% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of +27.2%).

In value terms, the largest caustic soda supplying countries in Central Asia were Kazakhstan ($X) and Uzbekistan ($X).

In terms of the main exporting countries, Uzbekistan, with a CAGR of +25.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, standing approx. at the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 7.4% against the previous year. The level of export 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 origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-1.5%).

Caustic Soda Imports

Imports in Central Asia

In 2021, overseas purchases of caustic soda decreased by less than 0.1% to X tons, falling for the third consecutive year after two years of growth. Overall, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2018 with an increase of 21%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, caustic soda imports soared to $X in 2021. Over the period under review, imports saw a slight decline. The most prominent rate of growth was recorded in 2017 when imports increased by 46% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Kazakhstan (X tons) was the key importer of caustic soda, mixing up 58% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a 27% share, followed by Turkmenistan (7%). Kyrgyzstan (X tons), Tajikistan (X tons) and Mongolia (X tons) followed a long way behind the leaders.

Imports into Kazakhstan decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, Tajikistan (+11.2%), Turkmenistan (+7.3%) and Mongolia (+4.9%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +11.2% from 2012-2021. By contrast, Uzbekistan (-3.3%) and Kyrgyzstan (-3.4%) illustrated a downward trend over the same period. Turkmenistan (+3.8 p.p.) and Tajikistan (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Uzbekistan saw its share reduced by -4.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caustic soda importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined 90% share of total imports. These countries were followed by Turkmenistan, Mongolia and Tajikistan, which together accounted for a further 9.9%.

In terms of the main importing countries, Mongolia, with a CAGR of +9.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, jumping by 19% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 30% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mongolia ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mongolia (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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