Report Update Nov 1, 2024

Iraq - Sodium Hydroxide in Aqueous Solution (Soda Lye or Liquid Soda) - Market Analysis, Forecast, Size, Trends and Insights

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

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

The Iraqi market for caustic soda in aqueous solution (soda lye) expanded modestly to $X in 2021, surging by 3.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a resilient increase. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Iraq

In 2021, the amount of caustic soda in aqueous solution (soda lye) exported from Iraq contracted significantly to X kg, shrinking by -50% compared with the year before. Overall, exports continue to indicate a sharp decrease. Over the period under review, the exports of hit record highs at X kg in 2020, and then shrank markedly in the following year.

In value terms, exports of caustic soda in aqueous solution (soda lye) declined dramatically to $X in 2021. Over the period under review, exports recorded a sharp shrinkage. The exports peaked at $X in 2020, and then declined significantly in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Iraq, with a 79% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to the United Arab Emirates exceeded the volume sent to the second major destination, Turkey (X kg), fourfold.

From 2020 to 2021, the average annual growth rate of volume to the United Arab Emirates totaled -21.1%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from Iraq, comprising 78% of total exports. The second position in the ranking was held by Turkey ($X), with a 22% share of total exports.

From 2020 to 2021, the average annual growth rate of value to the United Arab Emirates stood at -57.0%.

Export Prices by Country

In 2021, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, stabilizing at the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-26.0%).

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Iraq

In 2021, purchases abroad of caustic soda in aqueous solution (soda lye) decreased by -1.4% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 195% 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 somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) rose rapidly to $X in 2021. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 175%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest caustic soda in aqueous solution (soda lye) supplier to Iraq, with a 68% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Kuwait (X tons) ranked third in terms of total imports with a 0.7% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +66.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+161.7% per year) and Kuwait (-46.1% per year).

In value terms, China ($X), Turkey ($X) and Kuwait ($X) were the largest caustic soda in aqueous solution (soda lye) suppliers to Iraq, together comprising 100% of total imports.

Among the main suppliers, China, with a CAGR of +135.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, rising by 10% against the previous year. Over the period under review, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2019 when the average import price increased by 63%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+29.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for caustic soda in aqueous solution (soda lye) in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 36% of global consumption. Germany, Brazil, Russia, Pakistan, Indonesia, Bangladesh, Japan, Mexico, Turkey and the UK lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of caustic soda in aqueous solution (soda lye) in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 44% of global production.

What are the leading suppliers of caustic soda in aqueous solution (soda lye) to Iraq?

In value terms, the largest caustic soda in aqueous solution soda lye) suppliers to Iraq were China and Turkey.

What are the leading importers of caustic soda in aqueous solution (soda lye) from Iraq?

In value terms, Turkey $55) remains the key foreign market for caustic soda in aqueous solution soda lye) exports from Iraq.

What is the average export price for caustic soda in aqueous solution (soda lye) in Iraq?

In 2021, the average export price for caustic soda in aqueous solution soda lye) amounted to $233 per ton, declining by -23% against the previous year.

What is the average import price for caustic soda in aqueous solution (soda lye) in Iraq?

In 2021, the average import price for caustic soda in aqueous solution soda lye) amounted to $369 per ton, surging by 10% against the previous year.

This report provides an in-depth analysis of the market for caustic soda in aqueous solution (soda lye) in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132527 - Sodium hydroxide in aqueous solution (soda lye or liquid soda)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023