Southern Asia: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in Southern Asia

The South Asian sodium carbonate market dropped modestly to $X in 2022, reducing by -2.8% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Sodium Carbonate Production in Southern Asia

In value terms, sodium carbonate production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Sodium Carbonate Exports

Exports in Southern Asia

In 2022, overseas shipments of sodium carbonate decreased by -37.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 121%. The volume of export peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, sodium carbonate exports amounted to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 88%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

India was the largest exporting country with an export of about X tons, which reached 73% of total exports. It was distantly followed by Pakistan (X tons), committing a 27% share of total exports.

Exports from India increased at an average annual rate of +4.6% from 2012 to 2022. At the same time, Pakistan (+11.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +11.6% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by +11 percentage points.

In value terms, India ($X) remains the largest sodium carbonate supplier in Southern Asia, comprising 74% of total exports. The second position in the ranking was held by Pakistan ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled +9.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, growing by 61% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sodium carbonate export price increased by +87.8% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%).

Sodium Carbonate Imports

Imports in Southern Asia

In 2022, purchases abroad of sodium carbonate decreased by -8.6% to X tons, falling for the third consecutive year after three years of growth. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 15%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sodium carbonate imports skyrocketed to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X tons) and Bangladesh (X tons) prevails in imports structure, together achieving 93% of total imports. Sri Lanka (X tons) and Nepal (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +9.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported sodium carbonate in Southern Asia, comprising 63% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 25% share of total imports. It was followed by Sri Lanka, with a 6.3% share.

In India, sodium carbonate imports expanded at an average annual rate of +2.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+8.8% per year) and Sri Lanka (+11.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, jumping by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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