MENA: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in MENA

The MENA's market for caustic soda in the solid form rose rapidly to $X in 2021, with an increase of 7.3% against the previous year. In general, consumption recorded a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Production of Caustic Soda in the Solid Form in MENA

In value terms, production of caustic soda in the solid form totaled less than $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern.

Exports of Caustic Soda in the Solid Form

Exports in MENA

In 2021, after two years of decline, there was significant growth in shipments abroad of caustic soda in the solid form, when their volume increased by 12% to X tons. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29%. Over the period under review, the exports of caustic soda in solid form hit record highs 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 skyrocketed to $X in 2021. Total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 54%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of caustic soda in the solid form, namely Iran, Saudi Arabia, Kuwait and the United Arab Emirates, represented more than two-thirds of total export. It was distantly followed by Egypt (X tons), generating a 6% share of total exports. Turkey (X tons) and Oman (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +20.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Iran ($X) and Kuwait ($X) constituted the countries with the highest levels of exports in 2021, with a combined 71% share of total exports. These countries were followed by the United Arab Emirates, Egypt, Turkey and Oman, which together accounted for a further 28%.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, growing by 8.7% against the previous year. Overall, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. Over the period under review, the export prices hit record highs 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Caustic Soda in the Solid Form

Imports in MENA

In 2021, overseas purchases of caustic soda in the solid form were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 46% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of caustic soda in the solid form soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 34%. Over the period under review, imports of caustic soda in solid form hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons), distantly followed by Algeria (X tons), Djibouti (X tons), Egypt (X tons), Syrian Arab Republic (X tons) and the United Arab Emirates (X tons) were the key importers of caustic soda in the solid form, together mixing up 78% of total imports. Jordan (X tons), Israel (X tons), Lebanon (X tons), Tunisia (X tons), Yemen (X tons), Iraq (X tons) and Saudi Arabia (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Djibouti (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda in the solid form importing markets in MENA were Turkey ($X), Algeria ($X) and Djibouti ($X), together accounting for 57% of total imports.

Djibouti, with a CAGR of +26.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, picking up by 4.7% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform