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

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

In 2021, the Omani market for caustic soda in aqueous solution (soda lye) increased by 22% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a prominent increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in Oman

In value terms, production of caustic soda in aqueous solution (soda lye) stood at less than $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Oman

For the fifth consecutive year, Oman recorded decline in overseas shipments of caustic soda in aqueous solution (soda lye), which decreased by -7.9% to X tons in 2021. Overall, exports recorded a significant curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 17% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of caustic soda in aqueous solution (soda lye) fell to $X in 2021. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of exports of caustic soda in aqueous solution (soda lye) from Oman.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +1,270.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for caustic soda in aqueous solution (soda lye) exported from Oman were Saudi Arabia ($X), Qatar ($X) and the United Arab Emirates ($X).

Among the main countries of destination, Qatar, with a CAGR of +463.9%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, shrinking by -3.3% against the previous year. In general, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 55%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($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 (-2.7%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Oman

In 2021, overseas purchases of caustic soda in aqueous solution (soda lye) decreased by -40.1% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 68%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) dropped dramatically to $X in 2021. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), India (X tons) and Luxembourg (X tons) were the main suppliers of imports of caustic soda in aqueous solution (soda lye) to Oman, together comprising 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +108.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Luxembourg ($X), the United Arab Emirates ($X) and India ($X) constituted the largest caustic soda in aqueous solution (soda lye) suppliers to Oman, together accounting for 96% of total imports.

India, with a CAGR of +75.2%, saw 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 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, increasing by 29% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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