Report Update Nov 1, 2024

Philippines - Sodium Hydroxide (Caustic Soda) - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in the Philippines

In 2021, the Philippine market for caustic soda in the solid form was finally on the rise to reach $X after three years of decline. In general, consumption, however, enjoyed temperate growth. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Caustic Soda in the Solid Form

Exports from the Philippines

In 2021, overseas shipments of caustic soda in the solid form decreased by -31.9% to X tons, falling for the third year in a row after five years of growth. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 1,396%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of caustic soda in the solid form fell notably to $X in 2021. Overall, exports faced a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 1,625% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Micronesia (X tons) was the main destination for exports of caustic soda in the solid form from the Philippines, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Micronesia amounted to +52.2%.

In value terms, Micronesia ($X) also remains the key foreign market for caustic soda in the solid form exports from the Philippines.

From 2012 to 2021, the average annual growth rate of value to Micronesia totaled +55.4%.

Export Prices by Country

In 2021, the average export price for caustic soda in the solid form amounted to $X per ton, which is down by -4% against the previous year. Overall, the export price, however, posted a notable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 48%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Micronesia.

From 2012 to 2021, the rate of growth in terms of prices for Micronesia amounted to +1.6% per year.

Imports of Caustic Soda in the Solid Form

Imports into the Philippines

In 2021, supplies from abroad of caustic soda in the solid form decreased by -2.1% to X tons, falling for the fourth consecutive year after two years of growth. In general, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.3% against 2017 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 51% against the previous year. Imports peaked 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 expanded modestly to $X in 2021. Overall, imports, however, posted a measured expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 64% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main suppliers of imports of caustic soda in the solid form to the Philippines, together comprising 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +32.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Thailand ($X) appeared to be the largest caustic soda in the solid form suppliers to the Philippines, together accounting for 93% of total imports.

Thailand, with a CAGR of +26.6%, 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 the solid form amounted to $X per ton, surging by 6.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for caustic soda in the solid form in the world?

The countries with the highest volumes of in 2021 were China, Qatar and the United States, with a combined 35% share of global consumption.

What are the largest producers of caustic soda in the solid form in the world?

China remains the largest caustic soda in the solid form producing country worldwide, accounting for 30% of total volume. Moreover, production of caustic soda in the solid form in China exceeded the figures recorded by the second-largest producer, Qatar, threefold. The United States ranked third in terms of total production with a 9.2% share.

What are the leading suppliers of caustic soda in the solid form to the Philippines?

In value terms, the largest caustic soda in the solid form suppliers to the Philippines were China, Taiwan Chinese) and Thailand, with a combined 94% share of total imports.

What are the leading importers of caustic soda in the solid form from the Philippines?

In value terms, Micronesia $686) remains the key foreign market for caustic soda in the solid form exports from the Philippines, comprising 75% of total exports. The second position in the ranking was occupied by India $227), with a 25% share of total exports.

What is the average export price for caustic soda in the solid form in the Philippines?

In 2021, the average export price for caustic soda in the solid form amounted to $1,296 per ton, surging by 39% against the previous year.

What is the average import price for caustic soda in the solid form in the Philippines?

The average import price for caustic soda in the solid form stood at $424 per ton in 2021, rising by 6.9% against the previous year.

This report provides an in-depth analysis of the market for caustic soda in the solid form in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132525 - Sodium hydroxide (caustic soda), solid

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023