Europe: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Europe

The Europe sodium carbonate market expanded modestly to $X in 2022, surging by 3.7% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Sodium Carbonate Production in Europe

In value terms, sodium carbonate production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8.5% against the previous year. 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 Europe

In 2022, approx. X tons of sodium carbonate were exported in Europe; waning by -14.7% on 2021 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 34%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sodium carbonate exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Bulgaria (X tons), Russia (X tons), Spain (X tons) and Bosnia and Herzegovina (X tons) represented roughly 77% of total exports in 2022. It was distantly followed by Germany (X tons), France (X tons) and the Netherlands (X tons), together committing an 18% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +21.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium carbonate supplying countries in Europe were Bulgaria ($X), Spain ($X) and Bosnia and Herzegovina ($X), together accounting for 53% of total exports. Russia, Germany, France and the Netherlands lagged somewhat behind, together accounting for a further 42%.

The Netherlands, with a CAGR of +27.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Europe amounted to $X per ton, jumping by 26% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. 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 ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.4%), while the other leaders experienced more modest paces of growth.

Sodium Carbonate Imports

Imports in Europe

Sodium carbonate imports declined to X tons in 2022, waning by -4.4% against the year before. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 22%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank slightly 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 +6.2% 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 +54.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the eleven major importers of sodium carbonate, namely Spain, Italy, the Netherlands, Germany, the UK, France, Portugal, Belgium, Ukraine, the Czech Republic and Belarus, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sodium carbonate importing markets in Europe were Spain ($X), Italy ($X) and Germany ($X), together accounting for 32% of total imports. The Netherlands, the UK, France, Portugal, Belgium, the Czech Republic, Ukraine and Belarus lagged somewhat behind, together comprising a further 47%.

In terms of the main importing countries, Ukraine, with a CAGR of +25.2%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, picking up by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Belarus ($X per ton) was 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