Greece: Caustic Soda Market 2025

Caustic Soda Market Size in Greece

The Greek caustic soda market skyrocketed to $X in 2021, rising by 48% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Caustic Soda Production in Greece

In value terms, caustic soda production soared to $X in 2021 estimated in export price. Over the period under review, production, however, faced a precipitous contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Caustic Soda Exports

Exports from Greece

In 2021, caustic soda exports from Greece skyrocketed to X tons, jumping by 64% on the previous year's figure. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 289%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, caustic soda exports skyrocketed to $X in 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2016 when exports increased by 272% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Bulgaria (X tons), Cyprus (X tons) and North Macedonia (X tons) were the main destinations of caustic soda exports from Greece, together comprising 82% of total exports. Albania, Malta, Kosovo and Romania lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were recorded for Kosovo (with a CAGR of +568.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Cyprus ($X) and North Macedonia ($X) appeared to be the largest markets for caustic soda exported from Greece worldwide, with a combined 78% share of total exports. Albania, Malta, Kosovo and Romania lagged somewhat behind, together accounting for a further 17%.

In terms of the main countries of destination, Kosovo, with a CAGR of +583.7%, saw the highest growth rate of 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

The average caustic soda export price stood at $X per ton in 2021, with an increase of 30% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Bulgaria ($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 Kosovo (+2.1%), while the prices for the other major destinations experienced a decline.

Caustic Soda Imports

Imports into Greece

Caustic soda imports into Greece surged to X tons in 2021, picking up by 40% compared with the previous year's figure. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +11.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +57.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, caustic soda imports soared to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Egypt (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of caustic soda imports to Greece, with a combined 58% share of total imports. Qatar, Hungary, the United States, Turkey, Romania and Saudi Arabia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +212.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda suppliers to Greece were the Netherlands ($X), Egypt ($X) and France ($X), together comprising 59% of total imports. These countries were followed by Hungary, Qatar, the United States, Turkey, Romania and Saudi Arabia, which together accounted for a further 32%.

The United States, with a CAGR of +135.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caustic soda import price stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+25.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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