Israel: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Israel

In 2021, the Israeli market for caustic soda in the solid form increased by 56% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +112.6% against 2019 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Caustic Soda in the Solid Form

Exports from Israel

After two years of decline, shipments abroad of caustic soda in the solid form increased by 82% to X tons in 2021. In general, exports, however, continue to indicate a abrupt slump. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of caustic soda in the solid form surged to $X in 2021. Over the period under review, exports, however, saw a slight shrinkage. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Palestine (X tons) was the main destination for exports of caustic soda in the solid form from Israel, with a 94% share of total exports. It was followed by India (X kg), with a 3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Palestine amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+20.0% per year) and Jordan (-21.1% per year).

In value terms, Palestine ($X) remains the key foreign market for caustic soda in the solid form exports from Israel, comprising 92% of total exports. The second position in the ranking was held by India ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Palestine totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.6% per year) and Jordan (-15.3% per year).

Export Prices by Country

In 2021, the average export price for caustic soda in the solid form amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for caustic soda in the solid form decreased by -29.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 38%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Palestine ($X per ton), while the average price for exports to India ($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 Jordan (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Caustic Soda in the Solid Form

Imports into Israel

In 2021, overseas purchases of caustic soda in the solid form increased by 46% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +123.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 69% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of caustic soda in the solid form soared to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +106.1% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 84% against the previous year. Over the period under review, imports of caustic soda in solid form attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of caustic soda in the solid form to Israel, with a 57% share of total imports. Moreover, imports of caustic soda in the solid form from Russia exceeded the figures recorded by the second-largest supplier, Cyprus (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+18.9% per year) and Germany (+4.8% per year).

In value terms, Russia ($X) constituted the largest supplier of caustic soda in the solid form to Israel, comprising 47% of total imports. The second position in the ranking was taken by Cyprus ($X), with a 7.5% share of total imports. It was followed by Germany, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Cyprus (+16.4% per year) and Germany (+1.4% per year).

Import Prices by Country

The average import price for caustic soda in the solid form stood at $X per ton in 2021, surging by 8.5% against the previous year. Overall, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 28% against the previous year. 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 UK ($X per ton), while the price for Jordan ($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 UK (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :