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

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

After two years of decline, the Luxembourg market for caustic soda in aqueous solution (soda lye) increased by 2.3% to $X in 2021. Overall, consumption recorded a deep downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Luxembourg

In 2021, exports of caustic soda in aqueous solution (soda lye) from Luxembourg reduced slightly to X tons, falling by -3% on the previous year. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 165% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of caustic soda in aqueous solution (soda lye) contracted slightly to $X in 2021. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 334%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Luxembourg, with a 99% share of total exports. It was followed by France (X kg), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-43.3% per year) and Belgium (-50.7% per year).

In value terms, Oman ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from Luxembourg, comprising 99% of total exports. The second position in the ranking was taken by France ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-39.7% per year) and Belgium (-47.3% 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, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.3%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 64%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Luxembourg

For the third consecutive year, Luxembourg recorded decline in purchases abroad of caustic soda in aqueous solution (soda lye), which decreased by -0.3% to X tons in 2021. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 31% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) stood at $X in 2021. In general, imports recorded a perceptible decrease. The growth pace was the most rapid in 2018 when imports increased by 37%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of imports of caustic soda in aqueous solution (soda lye) to Luxembourg, together comprising 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +5.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the largest caustic soda in aqueous solution (soda lye) suppliers to Luxembourg, with a combined 99% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +10.1%, saw 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

In 2021, the average import price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, growing by 4% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 63%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and Belgium ($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 Netherlands (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :