India: Caustic Soda Market 2024

Caustic Soda Market Size in India

The Indian caustic soda market fell remarkably to $X in 2021, shrinking by -15.2% against the previous year. Over the period under review, consumption saw a perceptible downturn. Caustic soda consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Caustic Soda Production in India

In value terms, caustic soda production reduced sharply to $X in 2021 estimated in export price. Overall, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Caustic Soda Exports

Exports from India

In 2021, approx. X tons of caustic soda were exported from India; picking up by 4.1% on the previous year's figure. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 101% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, caustic soda exports rose sharply to $X in 2021. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 150% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons), Kenya (X tons) and Nigeria (X tons) were the main destinations of caustic soda exports from India, with a combined 24% share of total exports. These countries were followed by South Africa, Indonesia, Saudi Arabia, Nepal, Vietnam, Mozambique, Uganda, the United States, Sri Lanka and Myanmar, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +84.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Tanzania ($X) and Kenya ($X) were the largest markets for caustic soda exported from India worldwide, together comprising 29% of total exports. These countries were followed by Nigeria, Indonesia, Saudi Arabia, Mozambique, Vietnam, Nepal, Uganda, Sri Lanka, Myanmar and the United States, which together accounted for a further 40%.

In terms of the main countries of destination, Myanmar, with a CAGR of +88.4%, 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 caustic soda export price amounted to $X per ton, increasing by 2.4% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 24%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+1.9%), while the prices for the other major destinations experienced a decline.

Caustic Soda Imports

Imports into India

In 2021, supplies from abroad of caustic soda was finally on the rise to reach X tons after three years of decline. Over the period under review, imports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, caustic soda imports skyrocketed to $X in 2021. In general, imports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2013 when imports increased by 44%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of caustic soda to India, with a 60% share of total imports. Moreover, caustic soda imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.4% per year) and China (+24.8% per year).

In value terms, Japan ($X) constituted the largest supplier of caustic soda to India, comprising 53% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by China, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.4% per year) and China (+15.7% per year).

Import Prices by Country

In 2021, the average caustic soda import price amounted to $X per ton, with an increase of 28% against the previous year. In general, the import price, however, showed a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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