Eastern Europe: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Eastern Europe

In 2021, the East European market for caustic soda in the solid form decreased by -21.5% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Caustic Soda in the Solid Form in Eastern Europe

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

Exports of Caustic Soda in the Solid Form

Exports in Eastern Europe

In 2021, shipments abroad of caustic soda in the solid form increased by 17% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 17%. Over the period under review, the exports of caustic soda in solid form attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, exports of caustic soda in the solid form soared to $X in 2021. Total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 51% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Poland (X tons) and Russia (X tons) represented the key exporters of caustic soda in the solid form in Eastern Europe, together committing 84% of total exports. It was distantly followed by Romania (X tons), achieving a 13% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +3.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Russia ($X), Poland ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 94% of total exports.

Among the main exporting countries, Romania, with a CAGR of +3.7%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, jumping by 22% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Caustic Soda in the Solid Form

Imports in Eastern Europe

In 2021, overseas purchases of caustic soda in the solid form decreased by -16.1% to X tons, falling for the second consecutive year after four years of growth. Total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% 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 -25.4% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, imports of caustic soda in solid form attained the peak figure 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 the solid form expanded slightly to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 42% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Poland (X tons), Ukraine (X tons) and Belarus (X tons) represented roughly 74% of total imports in 2021. Slovakia (X tons) held a 6.1% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (5.5%) and Hungary (4.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia (with a CAGR of +14.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda in the solid form importing markets in Eastern Europe were Poland ($X), Ukraine ($X) and Belarus ($X), together accounting for 56% of total imports.

In terms of the main importing countries, Poland, with a CAGR of +11.9%, 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 Eastern Europe amounted to $X per ton, jumping by 23% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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