United Arab Emirates: Market for Caustic Soda in Aqueous Solution (Soda Lye) 2024

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in the United Arab Emirates

The market for caustic soda in aqueous solution (soda lye) in the United Arab Emirates shrank to $X in 2021, reducing by -11.8% against the previous year. Over the period under review, consumption showed a significant decline. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in the United Arab Emirates

In value terms, production of caustic soda in aqueous solution (soda lye) amounted to less than $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from the United Arab Emirates

In 2021, shipments abroad of caustic soda in aqueous solution (soda lye) increased by 206% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of caustic soda in aqueous solution (soda lye) skyrocketed to $X in 2021. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from the United Arab Emirates, accounting for a 66% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to India exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Kuwait (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +142.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1,153.2% per year) and Kuwait (+89.7% per year).

In value terms, India ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from the United Arab Emirates, comprising 70% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 20% share of total exports. It was followed by Kuwait, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +141.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1,232.0% per year) and Kuwait (+62.6% 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, growing by 4.5% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 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 Oman ($X per ton), while the average price for exports to Kuwait ($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 Oman (+13.2%), 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 the United Arab Emirates

In 2021, the amount of caustic soda in aqueous solution (soda lye) imported into the United Arab Emirates dropped modestly to X tons, with a decrease of -1.5% on the year before. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 3.6%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of caustic soda in aqueous solution (soda lye) shrank to $X in 2021. Over the period under review, imports saw a sharp descent. The most prominent rate of growth was recorded in 2014 when imports increased by 2.5% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest caustic soda in aqueous solution (soda lye) supplier to the United Arab Emirates, accounting for a 74% share of total imports. Moreover, imports of caustic soda in aqueous solution (soda lye) from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by India (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and India (+58.1% per year).

In value terms, Japan ($X), China ($X) and India ($X) were the largest caustic soda in aqueous solution (soda lye) suppliers to the United Arab Emirates, together accounting for 95% of total imports.

India, with a CAGR of +39.5%, 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

The average import price for caustic soda in aqueous solution (soda lye) stood at $X per ton in 2021, shrinking by -8.8% against the previous year. Overall, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 4.6%. The import price peaked at $X per ton in 2012; however, from 2013 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 India ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :