Iran: Caustic Soda Market 2025

Caustic Soda Market Size in Iran

The Iranian caustic soda market rose rapidly to $X in 2021, increasing by 5.2% against the previous year. Overall, consumption recorded a mild decrease. Caustic soda consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Caustic Soda Production in Iran

In value terms, caustic soda production expanded sharply to $X in 2021 estimated in export price. In general, production recorded a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of 12%. Caustic soda production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Caustic Soda Exports

Exports from Iran

In 2021, caustic soda exports from Iran contracted modestly to X tons, with a decrease of -4.8% compared with 2020. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, caustic soda exports totaled $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 26% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for caustic soda exports from Iran, with a 31% share of total exports. Moreover, caustic soda exports to Turkey exceeded the volume sent to the second major destination, South Africa (X tons), twofold. Uzbekistan (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+17.4% per year) and Uzbekistan (+148.3% per year).

In value terms, Turkey ($X), Uzbekistan ($X) and South Africa ($X) were the largest markets for caustic soda exported from Iran worldwide, with a combined 61% share of total exports.

Among the main countries of destination, Uzbekistan, with a CAGR of +171.5%, 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

In 2021, the average caustic soda export price amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Thailand ($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 Uzbekistan (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.

Caustic Soda Imports

Imports into Iran

In 2021, overseas purchases of caustic soda increased by 112% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, faced a significant decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, caustic soda imports surged to $X in 2021. In general, imports, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 78%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of caustic soda to Iran, with a 95% share of total imports. Moreover, caustic soda imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +41.8%.

In value terms, Turkey ($X) constituted the largest supplier of caustic soda to Iran, comprising 89% of total imports. The second position in the ranking was taken by India ($X), with a 7.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +30.2%.

Import Prices by Country

In 2021, the average caustic soda import price amounted to $X per ton, waning by -26% against the previous year. In general, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in 2020 when the average import price increased by 27%. As a result, import price attained the peak level of $X per ton, and then shrank notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Turkey amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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