Peru: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Peru

In 2021, after two years of decline, there was significant growth in the Peruvian market for caustic soda in the solid form, when its value increased by 35% to $X. Over the period under review, consumption continues to indicate resilient growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Caustic Soda in the Solid Form

Exports from Peru

In 2021, shipments abroad of caustic soda in the solid form decreased by -12% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of 33%. As a result, the exports reached the peak of X tons. From 2017 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 rose to $X in 2021. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 42%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for exports of caustic soda in the solid form from Peru, with a 61% share of total exports. Moreover, exports of caustic soda in the solid form to Bolivia exceeded the volume sent to the second major destination, Colombia (X tons), twofold. The third position in this ranking was taken by Chile (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-2.2% per year) and Chile (-12.9% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for caustic soda in the solid form exports from Peru, comprising 62% of total exports. The second position in the ranking was held by Colombia ($X), with a 23% share of total exports. It was followed by Venezuela, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-4.0% per year) and Venezuela (-13.8% per year).

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the export price, however, continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2017 an increase of 41%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Venezuela ($X per ton) and Chile ($X per ton), while the average price for exports to Brazil ($X per ton) and Panama ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in the Solid Form

Imports into Peru

In 2021, purchases abroad of caustic soda in the solid form increased by 21% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2016 when imports increased by 134% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in the solid form rose rapidly to $X in 2021. In general, imports showed a pronounced expansion. The growth pace was the most rapid in 2016 with an increase of 153% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), China (X tons) and Qatar (X tons) were the main suppliers of imports of caustic soda in the solid form to Peru, together comprising 70% of total imports. Kuwait, India, Russia and Germany lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +64.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda in the solid form suppliers to Peru were Poland ($X), China ($X) and Qatar ($X), with a combined 71% share of total imports. Kuwait, India, Germany and Russia lagged somewhat behind, together accounting for a further 21%.

India, with a CAGR of +31.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for caustic soda in the solid form amounted to $X per ton, shrinking by -8.8% against the previous year. Over the period under review, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. The import price peaked 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 highest price was recorded for prices from Qatar ($X per ton) and Germany ($X per ton), while the price for India ($X per ton) and Poland ($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 (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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