Saudi Arabia: Caustic Soda Market 2024

Caustic Soda Market Size in Saudi Arabia

In 2021, the Saudi caustic soda market increased by 53% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Caustic Soda Production in Saudi Arabia

In value terms, caustic soda production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Caustic Soda Exports

Exports from Saudi Arabia

In 2021, the amount of caustic soda exported from Saudi Arabia contracted to X tons, falling by -11.3% on the previous year's figure. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 40%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, caustic soda exports reduced to $X in 2021. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 33%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for caustic soda exports from Saudi Arabia, accounting for a 75% share of total exports. Moreover, caustic soda exports to Australia exceeded the volume sent to the second major destination, Brazil (X tons), eightfold. The third position in this ranking was taken by China (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+62.9% per year) and China (-9.3% per year).

In value terms, Australia ($X) remains the key foreign market for caustic soda exports from Saudi Arabia, comprising 66% of total exports. The second position in the ranking was held by Brazil ($X), with a 7.4% share of total exports. It was followed by India, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+55.0% per year) and India (-23.8% per year).

Export Prices by Country

In 2021, the average caustic soda export price amounted to $X per ton, growing by 8.4% against the previous year. In general, the export price, however, recorded a pronounced decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 South Africa (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Caustic Soda Imports

Imports into Saudi Arabia

In 2021, imports of caustic soda into Saudi Arabia surged to X tons, growing by 670% against 2020. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 1,134%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, caustic soda imports soared to $X in 2021. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Qatar (X tons), India (X tons) and the United States (X tons) were the main suppliers of caustic soda imports to Saudi Arabia, with a combined 79% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +116.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda suppliers to Saudi Arabia were Qatar ($X), India ($X) and the United States ($X), with a combined 83% share of total imports. These countries were followed by South Korea, China, Belgium, the United Arab Emirates and Kuwait, which together accounted for a further 16%.

Among the main suppliers, Belgium, with a CAGR of +51.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caustic soda import price stood at $X per ton in 2021, declining by -9.7% against the previous year. Over the period under review, the import price showed a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 174%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (-5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :