Spain: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Spain

The Spanish market for caustic soda in the solid form shrank dramatically to $X in 2021, declining by -65.1% against the previous year. Overall, consumption showed a slight descent. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Production of Caustic Soda in the Solid Form in Spain

In value terms, production of caustic soda in the solid form declined significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a precipitous contraction. Over the period under review, production of caustic soda in solid form attained the maximum level at $X in 2020, and then dropped rapidly in the following year.

Exports of Caustic Soda in the Solid Form

Exports from Spain

In 2021, approx. X tons of caustic soda in the solid form were exported from Spain; picking up by 205% compared with the previous year's figure. Overall, exports, however, recorded a abrupt downturn. Over the period under review, the exports of caustic soda in solid form attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of caustic soda in the solid form soared to $X in 2021. Over the period under review, exports, however, continue to indicate a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of caustic soda in the solid form from Spain, accounting for a 21% share of total exports. Moreover, exports of caustic soda in the solid form to Germany exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was held by France (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+4.7% per year) and France (-8.7% per year).

In value terms, Germany ($X) remains the key foreign market for caustic soda in the solid form exports from Spain, comprising 20% of total exports. The second position in the ranking was held by France ($X), with an 8.7% share of total exports. It was followed by Portugal, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.7% per year) and Portugal (+5.2% per year).

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, with an increase of 1.7% against the previous year. In general, the export price enjoyed a mild expansion. The pace of growth was the most pronounced in 2018 an increase of 71%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Portugal ($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 Cuba (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in the Solid Form

Imports into Spain

In 2021, imports of caustic soda in the solid form into Spain soared to X tons, growing by 22% on the year before. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 63%. Over the period under review, imports of caustic soda in solid form hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, imports of caustic soda in the solid form skyrocketed to $X in 2021. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 55% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of caustic soda in the solid form to Spain, with a 61% share of total imports. Moreover, imports of caustic soda in the solid form from France exceeded the figures recorded by the second-largest supplier, Iran (X tons), sevenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+64.9% per year) and Taiwan (Chinese) (+32.6% per year).

In value terms, France ($X) constituted the largest supplier of caustic soda in the solid form to Spain, comprising 47% of total imports. The second position in the ranking was taken by Iran ($X), with a 9.9% share of total imports. It was followed by Taiwan (Chinese), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+60.8% per year) and Taiwan (Chinese) (+27.6% per year).

Import Prices by Country

The average import price for caustic soda in the solid form stood at $X per ton in 2021, which is down by -4.8% against the previous year. Overall, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 100%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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