Global Caustic Soda Market 2024

Caustic Soda Market Size

The global caustic soda market fell rapidly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption continues to indicate a deep downturn. Global consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Caustic Soda Production

In value terms, caustic soda production reached $X in 2023 estimated in export price. In general, production, however, showed a precipitous decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Global production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Caustic Soda Exports

Exports

In 2023, shipments abroad of caustic soda increased by X% to X tons, rising for the eighth year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the global exports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, caustic soda exports reduced dramatically to $X in 2023. Overall, exports recorded temperate growth. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

In 2023, the United States (X tons), distantly followed by Germany (X tons), China (X tons), Japan (X tons), Belgium (X tons) and the Netherlands (X tons) represented the main exporters of caustic soda, together generating X% of total exports. France (X tons), Taiwan (Chinese) (X tons), Russia (X tons), Saudi Arabia (X tons), India (X tons), Norway (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to caustic soda exports from the United States stood at X%. At the same time, India (X%), Belgium (X%), South Korea (X%), Japan (X%), Russia (X%), the Netherlands (X%), France (X%), Norway (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Germany experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan, Belgium and India increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caustic soda supplying countries worldwide were the United States ($X), China ($X) and Germany ($X), together accounting for X% of global exports. Belgium, the Netherlands, Taiwan (Chinese), Japan, France, India, South Korea, Norway, Russia and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average caustic soda export price amounted to $X per ton, waning by X% against the previous year. In general, export price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, caustic soda export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other global leaders experienced more modest paces of growth.

Caustic Soda Imports

Imports

In 2023, overseas purchases of caustic soda decreased by X% to X tons, falling for the second consecutive year after six years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of global imports failed to regain momentum.

In value terms, caustic soda imports dropped markedly to $X in 2023. In general, imports, however, saw a tangible increase. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

Australia (X tons) and Brazil (X tons) were the largest importers of caustic soda in 2023, finishing at near X% and X% of total imports, respectively. The United States (X tons) took the next position in the ranking, followed by the Netherlands (X tons). All these countries together held approx. X% share of total imports. Italy (X tons), Finland (X tons), Sweden (X tons), Canada (X tons), France (X tons), Belgium (X tons), Germany (X tons), Indonesia (X tons) and South Africa (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Indonesia (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest caustic soda importing markets worldwide were Australia ($X), Brazil ($X) and the Netherlands ($X), together accounting for X% of global imports. Finland, the United States, Sweden, France, Germany, Canada, Belgium, Italy, Indonesia and South Africa lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Indonesia, with a CAGR of X%, saw the highest growth rate of 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 caustic soda import price stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, caustic soda import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Finland ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform