Scandinavia: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Scandinavia

The Scandinavia market for caustic soda in the solid form reduced rapidly to $X in 2021, with a decrease of -50.7% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Production of Caustic Soda in the Solid Form in Scandinavia

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

Exports of Caustic Soda in the Solid Form

Exports in Scandinavia

Exports of caustic soda in the solid form soared to X tons in 2021, increasing by 3,131% on the year before. In general, exports enjoyed noticeable growth. Over the period under review, the exports of caustic soda in solid form attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of caustic soda in the solid form skyrocketed to $X in 2021. Overall, exports, however, showed a perceptible curtailment. Over the period under review, the exports of caustic soda in solid form attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Sweden (X tons), together reaching 98% of total export.

Sweden was also the fastest-growing in terms of the caustic soda in the solid form exports, with a CAGR of +3.6% from 2012 to 2021. Sweden (+8.4 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2021, the average annual growth rate of value in Sweden amounted to -3.8%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, waning by -47.8% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the export price increased by 97% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 Sweden.

From 2012 to 2021, the rate of growth in terms of prices for Sweden amounted to -7.2% per year.

Imports of Caustic Soda in the Solid Form

Imports in Scandinavia

In 2021, imports of caustic soda in the solid form in Scandinavia contracted significantly to X tons, reducing by -51.9% compared with the previous year. Overall, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2020 with an increase of 78% against the previous year. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, imports of caustic soda in the solid form declined sharply to $X in 2021. In general, imports, however, posted a modest increase. The pace of growth appeared the most rapid in 2020 with an increase of 108% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Denmark was the key importer of caustic soda in the solid form in Scandinavia, with the volume of imports finishing at X tons, which was approx. 47% of total imports in 2021. Sweden (X tons) ranks second in terms of the total imports with a 15% share, followed by Iceland (14%), Norway (14%) and Finland (9.6%).

From 2012 to 2021, average annual rates of growth with regard to caustic soda in the solid form imports into Denmark stood at -3.1%. At the same time, Iceland (+2.1%) displayed positive paces of growth. Moreover, Iceland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +2.1% from 2012-2021. By contrast, Norway (-1.6%), Finland (-2.8%) and Sweden (-4.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Iceland increased by +4.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported caustic soda in the solid form in Scandinavia, comprising 54% of total imports. The second position in the ranking was held by Sweden ($X), with a 17% share of total imports. It was followed by Norway, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Denmark totaled +3.2%. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (-2.9% per year) and Norway (+0.5% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, declining by -9.6% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for caustic soda in the solid form decreased by -13.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by 44% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while Iceland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform