Uruguay: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Uruguay

The Uruguayan market for caustic soda in the solid form was finally on the rise to reach $X in 2021, after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.2% against 2018 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Caustic Soda in the Solid Form in Uruguay

In value terms, production of caustic soda in the solid form totaled less than $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern.

Exports of Caustic Soda in the Solid Form

Exports from Uruguay

In 2021, exports of caustic soda in the solid form from Uruguay reduced remarkably to X tons, waning by -38.2% compared with the year before. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 99.9% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of caustic soda in the solid form stood at $X in 2021. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 99% against the previous year. Over the period under review, the exports of caustic soda in solid form hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for exports of caustic soda in the solid form from Uruguay, accounting for a 90% share of total exports. Moreover, exports of caustic soda in the solid form to Brazil exceeded the volume sent to the second major destination, Argentina (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at -19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-22.5% per year) and Paraguay (-19.8% per year).

In value terms, Brazil ($X) remains the key foreign market for caustic soda in the solid form exports from Uruguay, comprising 90% of total exports. The second position in the ranking was held by Argentina ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at -12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-22.2% per year) and Paraguay (-14.4% per year).

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, jumping by 79% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Paraguay ($X per ton), while the average price for exports to Argentina ($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 Brazil (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in the Solid Form

Imports into Uruguay

In 2021, imports of caustic soda in the solid form into Uruguay contracted to X tons, which is down by -14% against the previous year. Overall, imports saw a noticeable shrinkage. The growth pace was the most rapid in 2016 with an increase of 33%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of caustic soda in the solid form declined modestly to $X in 2021. Over the period under review, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 31%. Over the period under review, imports of caustic soda in solid form attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest caustic soda in the solid form supplier to Uruguay, accounting for a 39% share of total imports. Moreover, imports of caustic soda in the solid form from Argentina exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.4% per year) and France (+12.6% per year).

In value terms, Argentina ($X) constituted the largest supplier of caustic soda in the solid form to Uruguay, comprising 45% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+18.9% per year) and Turkey (+10.8% per year).

Import Prices by Country

The average import price for caustic soda in the solid form stood at $X per ton in 2021, growing by 12% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 16%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 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 Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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