Sri Lanka - Caustic Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCaustic Soda Price in Sri Lanka - 2021
Contents:
- Caustic Soda Price in Sri Lanka (CIF) - 2022
- Caustic Soda Price in Sri Lanka (FOB) - 2022
- Caustic Soda Imports in Sri Lanka
- Caustic Soda Exports in Sri Lanka
Caustic Soda Price in Sri Lanka (CIF) - 2022
In 2022, the average caustic soda import price amounted to $532 per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, recorded a mild decline. The pace of growth appeared the most rapid in 2017 an increase of 25%. Over the period under review, average import prices hit record highs at $660 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($932 per ton), while the price for India ($380 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Caustic Soda Price in Sri Lanka (FOB) - 2022
In 2022, the average caustic soda export price amounted to $1,030 per ton, falling by -6.9% against the previous year. Over the period under review, the export price, however, saw prominent growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 78%. Over the period under review, the average export prices hit record highs at $1,499 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($1,041 per ton), while the average price for exports to the UK stood at $945 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+9.4%).
Caustic Soda Imports in Sri Lanka
Caustic soda imports into Sri Lanka skyrocketed to 18K tons in 2022, increasing by 50% compared with 2021 figures. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, caustic soda imports soared to $9.8M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Caustic Soda in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.9 | 2.8 | 2.5 | 4.7 | 35.2% |
| Bangladesh | 2.0 | 1.0 | 2.0 | 3.0 | 14.5% |
| Kuwait | 0.6 | 0.2 | 0.2 | 1.4 | 32.6% |
| China | 1.0 | 0.7 | 0.1 | 0.2 | -41.5% |
| Pakistan | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Saudi Arabia | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Others | 0.3 | 0.5 | 0.4 | 0.4 | 10.1% |
| Total | 6.4 | 5.8 | 5.8 | 9.8 | 15.3% |
Top Suppliers of Caustic Soda to Sri Lanka in 2022:
- India (12.3K tons)
- Bangladesh (3.6K tons)
- Kuwait (1.7K tons)
- China (0.5K tons)
- Pakistan (0.1K tons)
Caustic Soda Exports in Sri Lanka
In 2022, approx. 10 tons of caustic soda were exported from Sri Lanka; dropping by -24.6% compared with the previous year's figure. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 174%. As a result, the exports attained the peak of 14 tons, and then reduced remarkably in the following year.
In value terms, caustic soda exports declined significantly to $11K in 2022. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 144%. As a result, the exports attained the peak of $15K, and then fell remarkably in the following year.
| Export of Caustic Soda in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 7.2 | 5.9 | 14.4 | 9.4 | 9.3% |
| United Kingdom | N/A | N/A | N/A | 1.1 | 0% |
| India | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
| Others | 0.1 | 0.1 | 0.3 | N/A | 73.2% |
| Total | 7.5 | 6.1 | 15.0 | 10.5 | 11.9% |
Top Export Markets for Caustic Soda from Sri Lanka in 2022:
- Maldives (9.0 tons)
- United Kingdom (1.2 tons)
This report provides an in-depth analysis of the caustic soda market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132525 - Sodium hydroxide (caustic soda), solid
- Prodcom 20132527 - Sodium hydroxide in aqueous solution (soda lye or liquid soda)
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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