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

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

The EU market for caustic soda in aqueous solution (soda lye) reduced remarkably to $X in 2021, waning by -23.4% against the previous year. In general, consumption, however, recorded a temperate increase. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in the EU

In value terms, production of caustic soda in aqueous solution (soda lye) declined notably to $X in 2021 estimated in export price. In general, production faced a precipitous contraction. Over the period under review, production of hit record highs at $X in 2020, and then declined dramatically in the following year.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports in the EU

In 2021, overseas shipments of caustic soda in aqueous solution (soda lye) decreased by -0.2% to X tons, falling for the second year in a row after eight years of growth. The total export volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of caustic soda in aqueous solution (soda lye) reached $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 38%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Germany (X tons) and the Netherlands (X tons) represented roughly 58% of total exports in 2021. It was distantly followed by Belgium (X tons), France (X tons) and Hungary (X tons), together constituting a 32% share of total exports. The following exporters - Romania (X tons) and Poland (X tons) - each finished at a 5.6% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +11.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of exports in 2021, together comprising 71% of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of +6.8%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, rising by 3.6% against the previous year. Overall, the export price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2018 when the export price increased by 25% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the Netherlands ($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 (-0.5%), while the other leaders experienced a decline in the export price figures.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports in the EU

In 2021, imports of caustic soda in aqueous solution (soda lye) in the European Union totaled X tons, standing approx. at the previous year. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 9.9%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) dropped slightly to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% 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 -30.6% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 44%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by Finland (X tons), Sweden (X tons), Italy (X tons), Spain (X tons), Belgium (X tons), Germany (X tons), France (X tons) and Austria (X tons) represented the main importers of caustic soda in aqueous solution (soda lye), together achieving 85% of total imports.

From 2012 to 2021, average annual rates of growth with regard to caustic soda in aqueous solution (soda lye) imports into the Netherlands stood at +5.2%. At the same time, Belgium (+7.6%), Germany (+7.4%), Spain (+7.2%), Italy (+5.0%) and Finland (+1.7%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in the European Union, with a CAGR of +7.6% from 2012-2021. Sweden and France experienced a relatively flat trend pattern. By contrast, Austria (-1.6%) illustrated a downward trend over the same period. While the share of the Netherlands (+2.8 p.p.), Belgium (+2.1 p.p.), Spain (+2 p.p.) and Germany (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Finland (-2 p.p.), Sweden (-2.5 p.p.), France (-3 p.p.) and Austria (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caustic soda in aqueous solution (soda lye) importing markets in the European Union were the Netherlands ($X), Finland ($X) and Sweden ($X), with a combined 37% share of total imports. These countries were followed by France, Italy, Austria, Spain, Belgium and Germany, which together accounted for a further 44%.

Germany, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in the European Union amounted to $X per ton, waning by -2.3% against the previous year. In general, the import price showed a noticeable downturn. The growth pace was the most rapid in 2018 when the import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :