Greece: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Greece

In 2021, the Greek market for caustic soda in the solid form increased by 0.8% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Caustic Soda in the Solid Form

Exports from Greece

In 2021, shipments abroad of caustic soda in the solid form was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports enjoyed a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 235%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of caustic soda in the solid form soared to $X in 2021. In general, exports posted slight growth. The pace of growth appeared the most rapid in 2017 with an increase of 226% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Albania (X tons), Cyprus (X tons) and North Macedonia (X tons) were the main destinations of exports of caustic soda in the solid form from Greece, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cyprus (with a CAGR of +74.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Albania ($X), Cyprus ($X) and Bulgaria ($X) appeared to be the largest markets for caustic soda in the solid form exported from Greece worldwide, with a combined 70% share of total exports.

Cyprus, with a CAGR of +42.4%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 the solid form stood at $X per ton in 2021, rising by 19% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 30%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to North Macedonia ($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 Italy (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in the Solid Form

Imports into Greece

In 2021, supplies from abroad of caustic soda in the solid form increased by 0.8% to X tons, rising for the second year in a row after two years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 67%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of caustic soda in the solid form expanded notably to $X in 2021. Over the period under review, imports, however, showed a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 83%. Over the period under review, imports of caustic soda in solid form hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Romania (X tons) constituted the largest caustic soda in the solid form supplier to Greece, with a 47% share of total imports. Moreover, imports of caustic soda in the solid form from Romania exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Romania amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-0.8% per year) and Spain (-7.6% per year).

In value terms, Romania ($X) constituted the largest supplier of caustic soda in the solid form to Greece, comprising 42% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by Belgium, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Romania amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.0% per year) and Belgium (-3.4% per year).

Import Prices by Country

In 2021, the average import price for caustic soda in the solid form amounted to $X per ton, surging by 4.9% against the previous year. Overall, the import price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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