Spain: Caustic Soda Market 2024

Caustic Soda Market Size in Spain

In 2021, the Spanish caustic soda market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Caustic Soda Production in Spain

In value terms, caustic soda production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production saw a deep reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 15% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Caustic Soda Exports

Exports from Spain

For the third year in a row, Spain recorded growth in overseas shipments of caustic soda, which increased by 0.5% to X tons in 2021. Overall, exports, however, saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of 37%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, caustic soda exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for caustic soda exports from Spain, with a 60% share of total exports. Moreover, caustic soda exports to France exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-4.3% per year) and Germany (-4.4% per year).

In value terms, France ($X) remains the key foreign market for caustic soda exports from Spain, comprising 43% of total exports. The second position in the ranking was held by Portugal ($X), with a 15% share of total exports. It was followed by Germany, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-6.7% per year) and Germany (-1.7% per year).

Export Prices by Country

The average caustic soda export price stood at $X per ton in 2021, rising by 20% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 60%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to France ($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 Israel (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Caustic Soda Imports

Imports into Spain

In 2021, the amount of caustic soda imported into Spain rose significantly to X tons, increasing by 8.5% compared with the year before. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, caustic soda imports expanded notably to $X in 2021. Overall, imports enjoyed a mild increase. The most prominent rate of growth was recorded in 2018 when imports increased by 78%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest caustic soda supplier to Spain, accounting for a 41% share of total imports. Moreover, caustic soda imports from France exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.2% per year) and Belgium (+18.8% per year).

In value terms, France ($X), the UK ($X) and Belgium ($X) were the largest caustic soda suppliers to Spain, together accounting for 58% of total imports. Portugal, Norway, the Netherlands, the United States and Germany lagged somewhat behind, together accounting for a further 36%.

Norway, with a CAGR of +38.8%, 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

The average caustic soda import price stood at $X per ton in 2021, growing by 3.1% against the previous year. Overall, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average 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 average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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