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

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

In 2021, the Danish market for caustic soda in aqueous solution (soda lye) decreased by -27.2% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in Denmark

In value terms, production of caustic soda in aqueous solution (soda lye) shrank significantly to $X in 2021 estimated in export price. Overall, production continues to indicate a significant decrease. Over the period under review, production of attained the maximum level at $X in 2020, and then dropped markedly in the following year.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Denmark

Exports of caustic soda in aqueous solution (soda lye) from Denmark was estimated at X tons in 2021, picking up by 2.3% compared with 2020. In general, exports showed a prominent increase. The growth pace was the most rapid in 2015 when exports increased by 165% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of caustic soda in aqueous solution (soda lye) declined modestly to $X in 2021. Overall, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 94%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Denmark, accounting for a 91% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to Sweden exceeded the volume sent to the second major destination, Norway (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-16.1% per year) and Greenland (+62.3% per year).

In value terms, Sweden ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from Denmark, comprising 78% of total exports. The second position in the ranking was taken by Norway ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-13.2% per year) and Greenland (+22.7% per year).

Export Prices by Country

In 2021, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, dropping by -5.3% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 31%. The export price peaked 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 Norway ($X per ton), while the average price for exports to Greenland ($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 Norway (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Denmark

In 2021, supplies from abroad of caustic soda in aqueous solution (soda lye) decreased by -18.7% to X tons, falling for the second consecutive year after three years of growth. Overall, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% 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 -28.3% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 28%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) dropped sharply to $X in 2021. Over the period under review, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of 77%. 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

In 2021, Norway (X tons) constituted the largest caustic soda in aqueous solution (soda lye) supplier to Denmark, with a 63% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from Norway exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.1% per year) and Germany (-2.8% per year).

In value terms, Norway ($X) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Denmark, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.3% per year) and Belgium (+8.5% 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, falling by -1.8% against the previous year. Overall, the import price saw a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 38%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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