New Zealand: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in New Zealand

In 2021, the New Zealand market for caustic soda in the solid form decreased by -5.3% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption continues to indicate a perceptible decline. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Caustic Soda in the Solid Form

Exports from New Zealand

Exports of caustic soda in the solid form from New Zealand contracted to X tons in 2021, reducing by -8% compared with the previous year. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 43% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of caustic soda in the solid form shrank slightly to $X in 2021. Over the period under review, exports saw a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 46% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Samoa (X tons) was the main destination for exports of caustic soda in the solid form from New Zealand, with a 99% share of total exports. It was followed by Fiji (X kg), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Samoa totaled -1.3%.

In value terms, Samoa ($X) emerged as the key foreign market for caustic soda in the solid form exports from New Zealand, comprising 97% of total exports. The second position in the ranking was taken by Fiji ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Samoa stood at +1.1%.

Export Prices by Country

In 2021, the average export price for caustic soda in the solid form amounted to $X per ton, increasing by 5.8% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for caustic soda in the solid form decreased by -26.3% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 36%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to Samoa stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Caustic Soda in the Solid Form

Imports into New Zealand

In 2021, supplies from abroad of caustic soda in the solid form decreased by -6.4% to X tons, falling for the fourth year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 21%. Over the period under review, imports of caustic soda in solid form reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in the solid form reduced to $X in 2021. Over the period under review, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 46%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Thailand (X tons) were the main suppliers of imports of caustic soda in the solid form to New Zealand, together comprising 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +0.3%), while imports for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X), China ($X) and Thailand ($X) constituted the largest caustic soda in the solid form suppliers to New Zealand, together comprising 92% of total imports.

China, with a CAGR of +1.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for caustic soda in the solid form amounted to $X per ton, growing by 1.6% against the previous year. In general, the import price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, average import prices reached the peak figure 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 supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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