Overview of the Global Market for Caustic Soda in Aqueous Solution (Soda Lye)

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

The global market for caustic soda in aqueous solution (soda lye) soared to $X in 2021, jumping by 54% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.4% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Caustic Soda in Aqueous Solution (Soda Lye)

In value terms, production of caustic soda in aqueous solution (soda lye) contracted remarkably to $X in 2021 estimated in export price. Overall, production saw a sharp shrinkage. Global production peaked at $X in 2020, and then shrank rapidly in the following year.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports

In 2021, overseas shipments of caustic soda in aqueous solution (soda lye) increased by 3.5% to X tons, rising for the sixth year in a row after two years of decline. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 7.7% against the previous year. Over the period under review, the global exports of reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of caustic soda in aqueous solution (soda lye) skyrocketed to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 41%. The global exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Belgium (X tons), China (X tons) and France (X tons) represented the major exporters of caustic soda in aqueous solution (soda lye), together creating 77% of total exports. The following exporters - Norway (X tons), South Korea (X tons), Saudi Arabia (X tons), Hungary (X tons) and Qatar (X tons) - each finished at an 11% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +12.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the largest caustic soda in aqueous solution (soda lye) supplier worldwide, comprising 26% of global exports. The second position in the ranking was taken by Germany ($X), with an 11% share of global exports. It was followed by Japan, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +2.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-0.6% per year) and Japan (+8.5% per year).

Export Prices by Country

In 2021, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, growing by 15% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 36%. 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 South Korea ($X per ton), while Taiwan (Chinese) ($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 (+1.1%), while the other global leaders experienced more modest paces of growth.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports

In 2021, purchases abroad of caustic soda in aqueous solution (soda lye) increased by 4.1% to X tons, rising for the sixth consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 5.4%. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of caustic soda in aqueous solution (soda lye) soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 36% against the previous year. Over the period under review, global imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of caustic soda in aqueous solution (soda lye), namely Australia, Brazil and the Netherlands, represented more than third of total import. It was distantly followed by the United States (X tons), comprising a 5.6% share of total imports. Finland (X tons), Sweden (X tons), Italy (X tons), Spain (X tons), Belgium (X tons), Germany (X tons), France (X tons), Austria (X tons) and Turkey (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +7.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Australia ($X), Brazil ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 37% share of global imports. These countries were followed by the Netherlands, Finland, Sweden, France, Italy, Austria, Spain, Belgium, Germany and Turkey, which together accounted for a further 31%.

In terms of the main importing countries, Germany, with a CAGR of +4.1%, saw the highest rates of growth with regard to the value of imports, 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 aqueous solution (soda lye) stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 29%. Over the period under review, average import prices attained the peak figure 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 Finland ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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