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

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

After two years of decline, the Swedish market for caustic soda in aqueous solution (soda lye) increased by 0.1% to $X in 2021. Overall, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.1% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Sweden

In 2021, shipments abroad of caustic soda in aqueous solution (soda lye) decreased by -18.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 178% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, exports of caustic soda in aqueous solution (soda lye) shrank sharply to $X in 2021. Overall, exports, however, recorded pronounced growth. The growth pace was the most rapid in 2019 when exports increased by 90% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Sweden, with a 84% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to Norway exceeded the volume sent to the second major destination, Denmark (X tons), sixfold. Finland (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+42.3% per year) and Finland (+3.2% per year).

In value terms, Norway ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from Sweden, comprising 68% of total exports. The second position in the ranking was taken by Finland ($X), with a 20% share of total exports. It was followed by Denmark, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+20.8% per year) and Denmark (+35.4% 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, declining by -2.7% against the previous year. In general, the export price, however, saw a modest increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 49% against the previous year. 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 lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark ($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 Finland (+17.1%), 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 Sweden

In 2021, overseas purchases of caustic soda in aqueous solution (soda lye) increased by 2% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) reduced to $X in 2021. In general, imports recorded a notable expansion. The pace of growth was the most pronounced in 2018 when imports increased by 72% 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 lower figure.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Norway (X tons) were the main suppliers of imports of caustic soda in aqueous solution (soda lye) to Sweden, together comprising 84% of total imports. France, Finland, Belgium and Poland lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +188.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda in aqueous solution (soda lye) suppliers to Sweden were the Netherlands ($X), Germany ($X) and Norway ($X), together accounting for 83% of total imports. These countries were followed by France, Finland, Belgium and Poland, which together accounted for a further 13%.

Among the main suppliers, France, with a CAGR of +146.3%, saw 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

In 2021, the average import price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, waning by -2.8% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for caustic soda in aqueous solution (soda lye) decreased by -19.3% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by 39%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Germany ($X per ton), while the price for the Netherlands ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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