Oman: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Oman

In 2021, the Omani market for caustic soda in the solid form decreased by -88.6% to $X, falling for the eighth consecutive year after two years of growth. Overall, consumption saw a dramatic curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Caustic Soda in the Solid Form in Oman

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

Exports of Caustic Soda in the Solid Form

Exports from Oman

For the fifth year in a row, Oman recorded growth in overseas shipments of caustic soda in the solid form, which increased by 23% to X tons in 2021. Overall, exports enjoyed a slight increase. The pace of growth appeared the most rapid in 2014 with an increase of 78%. Over the period under review, the exports of caustic soda in solid form reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of caustic soda in the solid form soared to $X in 2021. In general, exports recorded a noticeable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Sudan (X tons) and Egypt (X tons) were the main destinations of exports of caustic soda in the solid form from Oman, together comprising 59% of total exports. These countries were followed by the United Arab Emirates, Tanzania, Ghana, Syrian Arab Republic, Pakistan, Lebanon, Yemen, Spain and Qatar, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +856.6%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for caustic soda in the solid form exports from Oman, comprising 50% of total exports. The second position in the ranking was held by Egypt ($X), with an 11% share of total exports. It was followed by Sudan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+11.4% per year) and Sudan (+18.4% per year).

Export Prices by Country

In 2021, the average export price for caustic soda in the solid form amounted to $X per ton, jumping by 29% against the previous year. Overall, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Qatar ($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 Saudi Arabia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in the Solid Form

Imports into Oman

Imports of caustic soda in the solid form into Oman reduced to X tons in 2021, falling by -10.5% against 2020 figures. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 47% against the previous year. Over the period under review, imports of caustic soda in solid form hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of caustic soda in the solid form shrank to $X in 2021. Overall, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when imports increased by 41%. Over the period under review, imports of caustic soda in solid form attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main caustic soda in the solid form supplier to Oman, accounting for a 91% share of total imports. Moreover, imports of caustic soda in the solid form from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Iran (X tons), tenfold. Kuwait (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+11.0% per year) and Kuwait (+0.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of caustic soda in the solid form to Oman, comprising 64% of total imports. The second position in the ranking was held by Kuwait ($X), with an 8% share of total imports. It was followed by Saudi Arabia, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (-3.3% per year) and Saudi Arabia (+8.3% per year).

Import Prices by Country

The average import price for caustic soda in the solid form stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 an increase of 52%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 India ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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