Middle East: Caustic Soda Market 2024

Caustic Soda Market Size in the Middle East

The Middle Eastern caustic soda market expanded to $X in 2021, with an increase of 3.7% against the previous year. Overall, consumption saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 9.4% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Caustic Soda Production in the Middle East

In value terms, caustic soda production reached $X in 2021 estimated in export price. Overall, production recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Caustic Soda Exports

Exports in the Middle East

In 2021, overseas shipments of caustic soda increased by 17% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 36%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, caustic soda exports surged to $X in 2021. In general, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of 32%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) and Qatar (X tons) dominates exports structure, together comprising 83% of total exports. It was distantly followed by Iran (X tons), generating a 5.3% share of total exports. The United Arab Emirates (X tons), Turkey (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +24.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2021, together comprising 81% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +22.8%, recorded 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 the Middle East amounted to $X per ton, with an increase of 2.2% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by 8.9%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+0.4%), while the other leaders experienced a decline in the export price figures.

Caustic Soda Imports

Imports in the Middle East

For the third consecutive year, the Middle East recorded growth in overseas purchases of caustic soda, which increased by 45% to X tons in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +119.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, caustic soda imports surged to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Turkey was the major importer of caustic soda in the Middle East, with the volume of imports resulting at X tons, which was approx. 52% of total imports in 2021. It was distantly followed by Saudi Arabia (X tons) and Israel (X tons), together mixing up a 41% share of total imports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +51.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and Israel ($X) were the countries with the highest levels of imports in 2021, together accounting for 88% of total imports.

Among the main importing countries, Saudi Arabia, with a CAGR of +34.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 6.8% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of 25%. 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.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Israel ($X per ton) and Saudi Arabia ($X per ton), while Turkey ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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