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

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

The Kuwaiti market for caustic soda in aqueous solution (soda lye) expanded markedly to $X in 2021, with an increase of 13% against the previous year. Over the period under review, consumption, however, showed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in Kuwait

In value terms, production of caustic soda in aqueous solution (soda lye) totaled less than $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Kuwait

In 2021, exports of caustic soda in aqueous solution (soda lye) from Kuwait skyrocketed to X tons, picking up by 175% compared with the year before. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 273%. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of caustic soda in aqueous solution (soda lye) skyrocketed to $X in 2021. In general, exports, however, faced a abrupt decline. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Kuwait, with a 76% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to Saudi Arabia exceeded the volume sent to the second major destination, Jordan (X tons), sixfold. The third position in this ranking was taken by Egypt (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia stood at +103.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+117.1% per year) and Egypt (0.0% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for caustic soda in aqueous solution (soda lye) exports from Kuwait, comprising 67% of total exports. The second position in the ranking was held by Jordan ($X), with a 15% share of total exports. It was followed by Egypt, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia stood at +106.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+130.6% per year) and Egypt (0.0% per year).

Export Prices by Country

The average export price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, jumping by 45% against the previous year. In general, the export price, however, showed a noticeable downturn. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Togo ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Kuwait

In 2021, supplies from abroad of caustic soda in aqueous solution (soda lye) was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 26%. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest caustic soda in aqueous solution (soda lye) supplier to Kuwait, accounting for a 73% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-26.4% per year) and the United States (-36.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Kuwait, comprising 89% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with an 8.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-31.2% per year) and the United States (-16.1% per year).

Import Prices by Country

The average import price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, picking up by 10% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for caustic soda in aqueous solution (soda lye) decreased by -21.3% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Saudi Arabia ($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 United States (+33.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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