Which Country Exports the Most Caustic Soda in the World?
Basic Chemicals May 28, 2018
In 2016, approx. 13M tonnes of caustic soda were exported worldwide; going up by 6% against the previous year level. The total export volume increased at an average annual rate of +1.5% over the period from 2007 to 2016; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when exports increased by 25% against the previous year level. Global caustic soda export peaked of 14M tonnes in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.
In value terms, caustic soda exports amounted to $3.7B in 2016. Overall, caustic soda exports continue to indicate a relatively flat trend pattern. In that year, global caustic soda exports attained its maximum level of $4.8B. From 2009 to 2016, growth of global caustic soda exports failed to regain its strength.
Top Caustic Soda Exporting Countries in the World
1. USA (963.0 million USD)
2. China (598.8 million USD)
3. Belgium (239.7 million USD)
4. South Korea (239.6 million USD)
5. Netherlands (231.7 million USD)
6. Japan (210.1 million USD)
7. Saudi Arabia (207.9 million USD)
8. Russia (87.9 million USD)
9. Hungary (77.4 million USD)
10. Qatar (71.7 million USD)
11. Spain (69.0 million USD)
12. Poland (62.6 million USD)
Caustic Soda Exports By Country
The exports of the four major exporters of caustic soda, namely the U.S., China, the Netherlands, and Japan, represented more than half of total export. It was distantly followed by Saudi Arabia (791K tonnes), Belgium (660K tonnes), and South Korea (655K tonnes), together generating 16% share of total caustic soda exports. Hungary (426K tonnes), Spain (338K tonnes), Russia (337K tonnes), Qatar (276K tonnes), and Poland (250K tonnes) followed a long way behind this figure.
From 2007 to 2016, the most notable growth rate of caustic soda exports, among the main exporting countries, was attained by Hungary (+12.0% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($963M), China ($599M) and Belgium ($240M) constituted the countries with the highest levels of exports in 2016, together comprising 49% of global exports. These countries were followed by South Korea, the Netherlands, Japan, Saudi Arabia, Russia, Hungary, Qatar, Spain and Poland, which together accounted for a further 34%.
South Korea (+8.0% per year) experienced the highest growth rate of caustic soda exports, in terms of the main exporting countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.
Caustic Soda Export Prices By Country
In 2016, the average export price for caustic soda amounted to $282 per tonne, remaining stable against the previous year level. In general, caustic soda export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when export increased by 35% against the previous year level. In that year, average caustic soda export price attained its maximum level of $403 per tonne. From 2009 to 2016, growth of average caustic soda export price failed to regain its strength.
Export prices varied noticeably by country of destination. the country with the highest export prices was South Korea ($366 per tonne), while Japan ($160 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of caustic soda export prices was attained by Russia (+5.4% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global caustic soda market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- caustic soda market share
- caustic soda prices
- caustic soda industry
- caustic soda sales
- caustic soda import
- caustic soda export
- caustic soda market forecast
- caustic soda price forecast
- key caustic soda producers
All data provided in this article covers the following product: HS Code 2815 - Sodium hydroxide (caustic soda); potassium hydroxide (caustic potash) peroxides of sodium or potassium.
Source: World: Caustic Soda - Market Report. Analysis and Forecast to 2025
