Report Update Nov 1, 2024

Sri Lanka - Caustic Soda - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Caustic Soda Market 2024

Caustic Soda Market Size in Sri Lanka

The Sri Lankan caustic soda market fell slightly to $X in 2021, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a noticeable curtailment. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Caustic Soda Exports

Exports from Sri Lanka

Caustic soda exports from Sri Lanka skyrocketed to X tons in 2021, jumping by 174% on the previous year. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of 274% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, caustic soda exports surged to $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 363%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Maldives (X tons) was the main destination for caustic soda exports from Sri Lanka, accounting for a 97% share of total exports. It was followed by India (X kg), with a 2.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives totaled +12.8%.

In value terms, Maldives ($X) remains the key foreign market for caustic soda exports from Sri Lanka, comprising 96% of total exports. The second position in the ranking was taken by India ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives totaled +25.3%.

Export Prices by Country

In 2021, the average caustic soda export price amounted to $X per ton, falling by -11.1% against the previous year. In general, the export price, however, showed strong growth. The growth pace was the most rapid in 2014 an increase of 78%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+11.2%).

Caustic Soda Imports

Imports into Sri Lanka

After two years of growth, overseas purchases of caustic soda decreased by -6.5% to X tons in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 23%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, caustic soda imports reached $X in 2021. Over the period under review, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2017 with an increase of 26%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Bangladesh (X tons) and Kuwait (X tons) were the main suppliers of caustic soda imports to Sri Lanka, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +75.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Bangladesh ($X) and Saudi Arabia ($X) were the largest caustic soda suppliers to Sri Lanka, with a combined 83% share of total imports.

Among the main suppliers, Bangladesh, with a CAGR of +72.0%, recorded the highest growth rate of the value of imports, 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, picking up by 7.3% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 an increase of 25% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Saudi Arabia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for caustic soda in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 47% share of global consumption. Brazil, South Korea, Germany, Indonesia, the UK, Japan, Egypt and Taiwan Chinese) lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of caustic soda in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 56% share of global production. These countries were followed by South Korea, Japan, Germany, Indonesia, Brazil, the UK, Russia, Egypt, Belgium and Iran, which together accounted for a further 28%.

What are the leading suppliers of caustic soda to Sri Lanka?

In value terms, India, Bangladesh and Kuwait appeared to be the largest caustic soda suppliers to Sri Lanka, with a combined 91% share of total imports.

What are the leading importers of caustic soda from Sri Lanka?

In value terms, Maldives remains the key foreign market for caustic soda exports from Sri Lanka.

What is the average export price for caustic soda in Sri Lanka?

In 2021, the average caustic soda export price amounted to $1,002 per ton, increasing by 27% against the previous year.

What is the average import price for caustic soda in Sri Lanka?

In 2021, the average caustic soda import price amounted to $487 per ton, increasing by 9% against the previous year.

This report provides an in-depth analysis of the caustic soda market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132525 - Sodium hydroxide (caustic soda), solid
Prodcom 20132527 - Sodium hydroxide in aqueous solution (soda lye or liquid soda)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023