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

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in the Czech Republic

In 2021, the Czech market for caustic soda in aqueous solution (soda lye) decreased by -5.3% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, continues to indicate strong growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from the Czech Republic

In 2021, overseas shipments of caustic soda in aqueous solution (soda lye) decreased by -22.3% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports showed a sharp decrease. The pace of growth was the most pronounced in 2014 when exports increased by 38% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of caustic soda in aqueous solution (soda lye) fell notably to $X in 2021. In general, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 78%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from the Czech Republic, accounting for a 69% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-0.6% per year) and Austria (-43.9% per year).

In value terms, Germany ($X), Slovakia ($X) and Poland ($X) were the largest markets for caustic soda in aqueous solution (soda lye) exported from the Czech Republic worldwide, with a combined 97% share of total exports.

Slovakia, with a CAGR of -1.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, growing by 1.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 51% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Germany ($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 Hungary (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into the Czech Republic

In 2021, supplies from abroad of caustic soda in aqueous solution (soda lye) decreased by -2.7% to X tons, falling for the second consecutive year after five years of growth. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 -3.2% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 42%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of caustic soda in aqueous solution (soda lye) contracted to $X in 2021. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of 81% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Hungary (X tons) were the main suppliers of imports of caustic soda in aqueous solution (soda lye) to the Czech Republic, with a combined 88% share of total imports. These countries were followed by Slovakia, Romania and Russia, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Hungary ($X) appeared to be the largest caustic soda in aqueous solution (soda lye) suppliers to the Czech Republic, together comprising 87% of total imports. These countries were followed by Slovakia, Romania and Russia, which together accounted for a further 13%.

Romania, with a CAGR of +34.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, waning by -6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 75%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and Slovakia ($X per ton), while the price for Russia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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