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

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

In 2021, the Indian market for caustic soda in aqueous solution (soda lye) was finally on the rise to reach $X after three years of decline. Overall, consumption, however, showed a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from India

In 2021, after two years of growth, there was decline in shipments abroad of caustic soda in aqueous solution (soda lye), when their volume decreased by -2.7% to X tons. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 5,732%. The exports peaked at X tons in 2020, and then dropped slightly in the following year.

In value terms, exports of caustic soda in aqueous solution (soda lye) skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 5,801% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Indonesia (X tons) and the United States (X tons) were the main destinations of exports of caustic soda in aqueous solution (soda lye) from India, together comprising 33% of total exports. These countries were followed by South Africa, Italy, Kenya, Singapore and Turkey, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +2,270.7%), 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 India were Saudi Arabia ($X), South Africa ($X) and Indonesia ($X), with a combined 52% share of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of +1,509.7%, recorded 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

In 2021, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, picking up by 23% against the previous year. In general, the export price, however, showed a slight shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 35%. The export price peaked at $X per ton in 2017; however, from 2018 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 South Africa ($X per ton), while the average price for exports to Kenya ($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 (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into India

In 2021, supplies from abroad of caustic soda in aqueous solution (soda lye) increased by 5.6% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a moderate increase. The pace of growth appeared the most rapid in 2017 when imports increased by 42% against the previous year. As a result, imports reached 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 aqueous solution (soda lye) surged to $X in 2021. Over the period under review, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 42%. Imports peaked 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 caustic soda in aqueous solution (soda lye) supplier to India, with a 54% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was held by Qatar (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.4% per year) and Qatar (+2.5% per year).

In value terms, Japan ($X) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to India, comprising 55% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.5% per year) and China (+16.7% per year).

Import Prices by Country

In 2021, the average import price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, jumping by 31% against the previous year. In general, the import price, however, showed a abrupt setback. Over the period under review, average import prices reached the maximum 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) (+14.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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