Overview of the Global Market for Caustic Soda in the Solid Form

Market Size for Caustic Soda in the Solid Form

The global market for caustic soda in the solid form was estimated at $X in 2021, surging by 9.3% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Caustic Soda in the Solid Form

In value terms, production of caustic soda in the solid form dropped remarkably to $X in 2021 estimated in export price. In general, production, however, saw a precipitous slump. Global production peaked at $X in 2020, and then reduced remarkably in the following year.

Exports of Caustic Soda in the Solid Form

Exports

In 2021, overseas shipments of caustic soda in the solid form decreased by -2.3% to X tons, falling for the third year in a row after three years of growth. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 22%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the global exports of remained at a somewhat lower figure.

In value terms, exports of caustic soda in the solid form rose notably to $X in 2021. In general, exports continue to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 31%. The global exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China was the largest exporter of caustic soda in the solid form in the world, with the volume of exports amounting to X tons, which was near 31% of total exports in 2021. India (X tons) took the second position in the ranking, followed by Poland (X tons), France (X tons) and Russia (X tons). All these countries together held near 33% share of total exports. Taiwan (Chinese) (X tons), Iran (X tons), Saudi Arabia (X tons), Belgium (X tons), Thailand (X tons), Kuwait (X tons), Romania (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to caustic soda in the solid form exports from China stood at -2.8%. At the same time, Iran (+11.1%), India (+10.0%), Belgium (+5.5%), Kuwait (+4.7%), Romania (+3.6%) and Poland (+3.6%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.1% from 2012-2021. France, Russia and Thailand experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-4.0%), Saudi Arabia (-4.2%) and Spain (-7.8%) illustrated a downward trend over the same period. India (+7.8 p.p.), France (+6.4 p.p.), Belgium (+2.7 p.p.), Iran (+2.3 p.p.) and Poland (+2.3 p.p.) significantly strengthened its position in terms of the global exports, while Spain, Taiwan (Chinese) and China saw its share reduced by -1.6%, -1.6% and -6.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caustic soda in the solid form supplying countries worldwide were China ($X), India ($X) and Russia ($X), with a combined 41% share of global exports. Poland, France, Taiwan (Chinese), Belgium, Saudi Arabia, Iran, Thailand, Kuwait, Spain and Romania lagged somewhat behind, together comprising a further 39%.

In terms of the main exporting countries, Iran, with a CAGR of +9.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for caustic soda in the solid form amounted to $X per ton, rising by 14% against the previous year. In general, the export price, however, saw a mild decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 25%. Over the period under review, the average export prices attained the maximum 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.8%), while the other global leaders experienced more modest paces of growth.

Imports of Caustic Soda in the Solid Form

Imports

For the third year in a row, the global market recorded decline in overseas purchases of caustic soda in the solid form, which decreased by -0.9% to X tons in 2021. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when imports increased by 16% against the previous year. Global imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of caustic soda in the solid form amounted to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, global imports of caustic soda in solid form reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria (X tons), Vietnam (X tons) and Indonesia (X tons) represented roughly 16% of total imports in 2021. Cote d'Ivoire (X tons), Turkey (X tons), Kazakhstan (X tons), Ghana (X tons), Tanzania (X tons), Cameroon (X tons), the United States (X tons), Democratic Republic of the Congo (X tons), Italy (X tons) and Brazil (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of +14.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest caustic soda in the solid form importing markets worldwide were Nigeria ($X), Vietnam ($X) and Indonesia ($X), with a combined 15% share of global imports. These countries were followed by the United States, Cote d'Ivoire, Democratic Republic of the Congo, Italy, Turkey, Tanzania, Ghana, Kazakhstan, Cameroon and Brazil, which together accounted for a further 22%.

Democratic Republic of the Congo, with a CAGR of +12.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for caustic soda in the solid form stood at $X per ton in 2021, surging by 8.8% against the previous year. In general, the import price, however, saw a mild downturn. The growth pace was the most rapid in 2017 an increase of 25%. Global import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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