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

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

In 2021, the Egyptian market for caustic soda in aqueous solution (soda lye) increased by 87% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a perceptible slump. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, production of caustic soda in aqueous solution (soda lye) totaled less than $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Egypt

In 2021, overseas shipments of caustic soda in aqueous solution (soda lye) decreased by -23.5% to X tons, falling for the second year in a row after eight years of growth. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -38.0% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of caustic soda in aqueous solution (soda lye) contracted notably to $X in 2021. Overall, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -35.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 44%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Turkey (X tons), Italy (X tons) and Greece (X tons) were the main destinations of exports of caustic soda in aqueous solution (soda lye) from Egypt, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +10.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caustic soda in aqueous solution (soda lye) exported from Egypt were Turkey ($X), Italy ($X) and Greece ($X), together comprising 99% of total exports.

Greece, with a CAGR of +6.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 aqueous solution (soda lye) stood at $X per ton in 2021, growing by 3.7% against the previous year. Overall, the export price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 an increase of 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Greece ($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 Turkey (-3.2%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Egypt

In 2021, overseas purchases of caustic soda in aqueous solution (soda lye) increased by 131% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when imports increased by 975%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of caustic soda in aqueous solution (soda lye) rose modestly to $X in 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 1,144%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Kuwait (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of imports of caustic soda in aqueous solution (soda lye) to Egypt, together accounting for 2.3% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +51.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda in aqueous solution (soda lye) suppliers to Egypt were Turkey ($X), Germany ($X) and Kuwait ($X), with a combined 4.4% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +38.5%, 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 average import price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, with a decrease of -54.6% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 42% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Belgium ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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