EU: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in the EU

The EU sodium carbonate market was estimated at $X in 2022, rising by 4.1% against the previous year. The market value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Sodium Carbonate Production in the EU

In value terms, sodium carbonate production fell notably to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 20%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sodium Carbonate Exports

Exports in the EU

Sodium carbonate exports declined significantly to X tons in 2022, waning by -21.1% on the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 49% against the previous year. The volume of export peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, sodium carbonate exports expanded to $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Bulgaria represented the major exporting country with an export of about X tons, which reached 45% of total exports. Spain (X tons) ranks second in terms of the total exports with a 22% share, followed by Germany (11%), France (8.8%) and the Netherlands (7.5%). The following exporters - Poland (X tons) and Belgium (X tons) - each amounted to a 4.1% share of total exports.

Exports from Bulgaria decreased at an average annual rate of -2.2% from 2012 to 2022. At the same time, Poland (+94.5%), the Netherlands (+21.5%) and Spain (+5.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +94.5% from 2012-2022. By contrast, Germany (-1.6%), Belgium (-3.4%) and France (-3.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, the Netherlands and Poland increased by +22, +6.5 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X), Spain ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together comprising 67% of total exports. France, the Netherlands, Poland and Belgium lagged somewhat behind, together comprising a further 30%.

Poland, with a CAGR of +106.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, growing by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.0%), while the other leaders experienced more modest paces of growth.

Sodium Carbonate Imports

Imports in the EU

In 2022, supplies from abroad of sodium carbonate decreased by -6.5% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, sodium carbonate imports surged to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of sodium carbonate imports in 2022 were Spain (X tons), Italy (X tons), the Netherlands (X tons), Germany (X tons), France (X tons), Portugal (X tons), Belgium (X tons) and the Czech Republic (X tons), together resulting at 81% of total import.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium carbonate importing markets in the European Union were Spain ($X), Italy ($X) and Germany ($X), with a combined 40% share of total imports. The Netherlands, France, Portugal, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 40%.

Portugal, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by 47% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in France ($X per ton) and the Czech Republic ($X per ton), while Italy ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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