China: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in China

In 2021, the Chinese market for caustic soda in the solid form was finally on the rise to reach $X after three years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Consumption of peaked in 2021 and is likely to see steady growth in years to come.

Production of Caustic Soda in the Solid Form in China

In value terms, production of caustic soda in the solid form amounted to less than $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern.

Exports of Caustic Soda in the Solid Form

Exports from China

In 2021, exports of caustic soda in the solid form from China reduced remarkably to X tons, shrinking by -31.6% on 2020 figures. Over the period under review, exports recorded a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of 56%. As a result, the exports reached 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 the solid form contracted significantly to $X in 2021. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 36% against the previous year. Over the period under review, the exports of caustic soda in solid form reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Nigeria (X tons) were the main destinations of exports of caustic soda in the solid form from China, with a combined 34% share of total exports. Russia, Kazakhstan, Thailand, the Philippines, South Korea, Tanzania, Djibouti, South Africa, Brazil and Uzbekistan lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Djibouti (with a CAGR of +22.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caustic soda in the solid form exported from China were Vietnam ($X), Indonesia ($X) and Nigeria ($X), together accounting for 34% of total exports. Russia, Djibouti, South Africa, the Philippines, South Korea, Thailand, Tanzania, Kazakhstan, Brazil and Uzbekistan lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Djibouti, with a CAGR of +19.6%, recorded the highest rates of growth with regard to 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 the solid form stood at $X per ton in 2021, picking up by 9.4% against the previous year. In general, the export price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2016 an increase of 27%. The export price peaked at $X per ton in 2018; however, from 2019 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 South Africa ($X per ton), while the average price for exports to Kazakhstan ($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 Djibouti (-2.3%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in the Solid Form

Imports into China

In 2021, imports of caustic soda in the solid form into China soared to X tons, increasing by 40% on the previous year. Overall, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in the solid form surged to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) constituted the largest caustic soda in the solid form supplier to China, with a 59% share of total imports. Moreover, imports of caustic soda in the solid form from Japan exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-1.2% per year) and Taiwan (Chinese) (-1.4% per year).

In value terms, Japan ($X) constituted the largest supplier of caustic soda in the solid form to China, comprising 46% of total imports. The second position in the ranking was held by Poland ($X), with a 9.2% share of total imports. It was followed by Taiwan (Chinese), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-2.6% per year) and Taiwan (Chinese) (-2.8% per year).

Import Prices by Country

The average import price for caustic soda in the solid form stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 47%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Thailand ($X per ton) and Japan ($X per ton), while the price for Poland ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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