Hong Kong SAR, China: Caustic Soda Market 2025

Caustic Soda Market Size in Hong Kong SAR, China

The Hong Kong caustic soda market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate a prominent increase. Caustic soda consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Caustic Soda Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of caustic soda were exported from Hong Kong SAR; declining by -17.9% against the year before. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 5.9%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, caustic soda exports fell to $X in 2021. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 31%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for caustic soda exports from Hong Kong SAR, with a 80% share of total exports. Moreover, caustic soda exports to Brazil exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Lao People's Democratic Republic (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to +56.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-12.7% per year) and Lao People's Democratic Republic (-15.8% per year).

In value terms, Brazil ($X) emerged as the key foreign market for caustic soda exports from Hong Kong SAR, comprising 79% of total exports. The second position in the ranking was held by China ($X), with a 4.5% share of total exports. It was followed by Ecuador, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled +72.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-19.6% per year) and Ecuador (+1.9% per year).

Export Prices by Country

The average caustic soda export price stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices attained the maximum 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 China ($X per ton), while the average price for exports to Gambia ($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 Gambia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Caustic Soda Imports

Imports into Hong Kong SAR, China

After two years of decline, supplies from abroad of caustic soda increased by 1.7% to X tons in 2021. In general, imports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 19%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, caustic soda imports declined to $X in 2021. Overall, imports, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 38%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of caustic soda imports to Hong Kong SAR, together comprising 94% of total imports. These countries were followed by Malaysia and Thailand, which together accounted for a further 3.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda suppliers to Hong Kong SAR were Taiwan (Chinese) ($X), China ($X) and Japan ($X), with a combined 87% share of total imports. These countries were followed by Thailand and Malaysia, which together accounted for a further 5.2%.

Among the main suppliers, Malaysia, with a CAGR of +42.4%, saw the highest rates of growth with regard to 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 caustic soda import price stood at $X per ton in 2021, declining by -6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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