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

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in Greece

The Greek market for caustic soda in aqueous solution (soda lye) surged to $X in 2021, picking up by 52% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +64.4% against 2019 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in Greece

In value terms, production of caustic soda in aqueous solution (soda lye) amounted to less than $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Greece

In 2021, the amount of caustic soda in aqueous solution (soda lye) exported from Greece skyrocketed to X tons, rising by 64% against 2020. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 308% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, exports of caustic soda in aqueous solution (soda lye) surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 326%. Over the period under review, the exports of attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Bulgaria (X tons), Cyprus (X tons) and North Macedonia (X tons) were the main destinations of exports of caustic soda in aqueous solution (soda lye) from Greece, together comprising 83% of total exports. Malta, Albania, Kosovo and Romania lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kosovo (with a CAGR of +563.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caustic soda in aqueous solution (soda lye) exported from Greece were Bulgaria ($X), Cyprus ($X) and North Macedonia ($X), together accounting for 80% of total exports. These countries were followed by Albania, Malta, Kosovo and Romania, which together accounted for a further 16%.

Among the main countries of destination, Kosovo, with a CAGR of +561.8%, 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

In 2021, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, increasing by 30% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 35% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Cyprus ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Kosovo ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Greece

In 2021, approx. X tons of caustic soda in aqueous solution (soda lye) were imported into Greece; with an increase of 41% on the year before. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 51%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of caustic soda in aqueous solution (soda lye) soared to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 of attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of imports of caustic soda in aqueous solution (soda lye) to Greece, with a combined 60% share of total imports. These countries were followed by Qatar, Hungary, the United States, Turkey and Romania, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +85.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda in aqueous solution (soda lye) suppliers to Greece were the Netherlands ($X), Egypt ($X) and France ($X), with a combined 63% share of total imports. These countries were followed by Hungary, Qatar, the United States, Turkey and Romania, which together accounted for a further 30%.

In terms of the main suppliers, Qatar, with a CAGR of +68.1%, recorded 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 average import price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, surging by 19% against the previous year. Over the period under review, the import price, however, showed a deep setback. The growth pace was the most rapid in 2017 when the average import price increased by 65% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the United States ($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 (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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