Spain: Market for Caustic Soda in Aqueous Solution (Soda Lye) 2024

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in Spain

The Spanish market for caustic soda in aqueous solution (soda lye) declined to $X in 2021, waning by -4% against the previous year. Over the period under review, consumption, however, saw a resilient expansion. Consumption of peaked at $X in 2020, and then declined in the following year.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in Spain

In value terms, production of caustic soda in aqueous solution (soda lye) contracted notably to $X in 2021 estimated in export price. In general, production recorded a sharp descent. Production of peaked at $X in 2020, and then dropped rapidly in the following year.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Spain

In 2021, shipments abroad of caustic soda in aqueous solution (soda lye) decreased by -14.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2014 with an increase of 49%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of caustic soda in aqueous solution (soda lye) reduced to $X in 2021. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by 21%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

France (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Spain, accounting for a 73% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to France exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-4.9% per year) and Italy (-28.2% per year).

In value terms, France ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from Spain, comprising 65% of total exports. The second position in the ranking was held by Portugal ($X), with a 19% share of total exports. It was followed by Italy, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-8.6% per year) and Italy (-26.2% per year).

Export Prices by Country

The average export price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 66%. As a result, the export price reached 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 export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Portugal ($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 Turkey (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Spain

In 2021, the amount of caustic soda in aqueous solution (soda lye) imported into Spain totaled X tons, surging by 12% against 2020 figures. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.6% against 2014 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 20%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of caustic soda in aqueous solution (soda lye) expanded remarkably to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 80% against the previous year. As a result, imports reached 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 aqueous solution (soda lye) to Spain, with a 35% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from France exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+4.2% per year) and Belgium (+19.0% per year).

In value terms, France ($X), the UK ($X) and Belgium ($X) were the largest caustic soda in aqueous solution (soda lye) suppliers to Spain, with a combined 59% share of total imports. These countries were followed by Portugal, Norway, the United States, the Netherlands and Germany, which together accounted for a further 39%.

Norway, with a CAGR of +38.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, approximately equating the previous year. In general, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2018 when the average import price increased by 62%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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