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

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

In 2021, the Hungarian market for caustic soda in aqueous solution (soda lye) decreased by -20.6% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a precipitous shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of caustic soda in aqueous solution (soda lye) totaled less than $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Hungary

In 2021, exports of caustic soda in aqueous solution (soda lye) from Hungary stood at X tons, remaining relatively unchanged against 2020. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +22.6% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 80% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, exports of caustic soda in aqueous solution (soda lye) contracted to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Austria (X tons), Bosnia and Herzegovina (X tons) and Poland (X tons) were the main destinations of exports of caustic soda in aqueous solution (soda lye) from Hungary, together comprising 55% of total exports. These countries were followed by the Czech Republic, Slovakia, Romania, Greece, Serbia and Italy, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +49.4%), while shipments for 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 Hungary were Austria ($X), Bosnia and Herzegovina ($X) and Poland ($X), with a combined 52% share of total exports. These countries were followed by Slovakia, the Czech Republic, Romania, Serbia, Greece and Italy, which together accounted for a further 38%.

Among the main countries of destination, Romania, with a CAGR of +32.2%, saw the highest rates of growth with regard to 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 export price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, with a decrease of -2.8% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Greece ($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 (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Hungary

In 2021, the amount of caustic soda in aqueous solution (soda lye) imported into Hungary fell to X tons, shrinking by -6.4% compared with the year before. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.5% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) dropped to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 59% against the previous year. 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

In 2021, Romania (X tons) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Hungary, accounting for a 63% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from Romania exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fivefold. The third position in this ranking was held by Poland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Romania stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-11.2% per year) and Poland (+64.7% per year).

In value terms, Romania ($X) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Hungary, comprising 62% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 13% share of total imports. It was followed by Poland, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Romania stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-12.0% per year) and Poland (+59.0% per year).

Import Prices by Country

The average import price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, increasing by 3.7% against the previous year. Overall, the import price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44%. 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 the Czech Republic ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+12.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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