United Arab Emirates: Caustic Soda Market 2024

Caustic Soda Market Size in the United Arab Emirates

The caustic soda market in the United Arab Emirates declined sharply to $X in 2021, with a decrease of -27.2% against the previous year. In general, consumption continues to indicate a pronounced decline. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Caustic Soda Production in the United Arab Emirates

In value terms, caustic soda production shrank to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 48%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Caustic Soda Exports

Exports from the United Arab Emirates

In 2021, approx. X tons of caustic soda were exported from the United Arab Emirates; increasing by 98% compared with 2020. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 141%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, caustic soda exports skyrocketed to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 175%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

India (X tons) was the main destination for caustic soda exports from the United Arab Emirates, with a 36% share of total exports. Moreover, caustic soda exports to India exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Tanzania (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +158.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+54.6% per year) and Tanzania (+30.9% per year).

In value terms, India ($X) remains the key foreign market for caustic soda exports from the United Arab Emirates, comprising 31% of total exports. The second position in the ranking was held by Tanzania ($X), with an 11% share of total exports. It was followed by Saudi Arabia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to India amounted to +113.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+32.1% per year) and Saudi Arabia (+27.7% per year).

Export Prices by Country

The average caustic soda export price stood at $X per ton in 2021, reducing by -10.1% against the previous year. Overall, the export price saw a slight decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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 Ethiopia ($X per ton), while the average price for exports to Myanmar ($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 Vietnam (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Caustic Soda Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of caustic soda were imported into the United Arab Emirates; falling by -4% against 2020. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, caustic soda imports contracted modestly to $X in 2021. In general, imports faced a deep downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 10%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of caustic soda to the United Arab Emirates, with a 52% share of total imports. Moreover, caustic soda imports from Japan exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-25.0% per year) and China (+30.9% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of caustic soda to the United Arab Emirates, comprising 43% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports. It was followed by Japan, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at -20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.6% per year) and Japan (+24.3% per year).

Import Prices by Country

The average caustic soda import price stood at $X per ton in 2021, increasing by 3.4% against the previous year. In general, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Saudi Arabia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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