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

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

In 2021, after three years of decline, there was significant growth in the Israeli market for caustic soda in aqueous solution (soda lye), when its value increased by 16% to $X. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Israel

In 2021, shipments abroad of caustic soda in aqueous solution (soda lye) decreased by -11.3% to X tons, falling for the fourth year in a row after two years of growth. Overall, exports faced a deep setback. The growth pace was the most rapid in 2016 when exports increased by 171% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of caustic soda in aqueous solution (soda lye) dropped to $X in 2021. Over the period under review, exports showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 61% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Israel, with a 96% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to Cyprus exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Cyprus amounted to -8.3%.

In value terms, Cyprus ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from Israel, comprising 96% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus stood at -10.9%.

Export Prices by Country

The average export price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.9%).

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Israel

In 2021, overseas purchases of caustic soda in aqueous solution (soda lye) increased by 19% 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 resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% 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 +25.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 111% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of caustic soda in aqueous solution (soda lye) reached $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.8% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of 178% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Jordan (X tons), Egypt (X tons) and the United States (X tons) were the main suppliers of imports of caustic soda in aqueous solution (soda lye) to Israel, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Jordan (with a CAGR of +32.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Jordan ($X), Egypt ($X) and the United States ($X) were the largest caustic soda in aqueous solution (soda lye) suppliers to Israel, together comprising 99% of total imports.

Jordan, with a CAGR of +32.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, which is down by -4.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Jordan ($X per ton), while the price for Egypt ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :