CIS: Caustic Soda Market 2024

Caustic Soda Market Size in CIS

The CIS caustic soda market contracted to $X in 2023, waning by X% against the previous year. Overall, consumption saw a abrupt contraction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Caustic Soda Production in CIS

In value terms, caustic soda production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Caustic Soda Exports

Exports in CIS

Caustic soda exports declined rapidly to X tons in 2023, falling by X% compared with 2022 figures. Over the period under review, exports, however, saw a notable expansion. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell significantly in the following year.

In value terms, caustic soda exports declined dramatically to $X in 2023. Overall, exports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

In 2023, Russia (X tons) represented the major exporter of caustic soda in the CIS, constituting X% of total export.

Russia was also the fastest-growing in terms of the caustic soda exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest caustic soda supplier in the CIS.

From 2012 to 2023, the average annual growth rate of value in Russia amounted to X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2023, the rate of growth in terms of prices for Russia amounted to X% per year.

Caustic Soda Imports

Imports in CIS

In 2023, imports of caustic soda in the CIS declined modestly to X tons, waning by X% on the year before. Overall, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, caustic soda imports contracted significantly to $X in 2023. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Belarus was the major importing country with an import of about X tons, which resulted at X% of total imports. Kazakhstan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%), Russia (X%) and Azerbaijan (X%). Kyrgyzstan (X tons) took a relatively small share of total imports.

Belarus was also the fastest-growing in terms of the caustic soda imports, with a CAGR of X% from 2012 to 2023. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. By contrast, Kazakhstan (X%), Uzbekistan (X%), Azerbaijan (X%) and Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Azerbaijan and Russia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caustic soda importing markets in the CIS were Belarus ($X), Kazakhstan ($X) and Uzbekistan ($X), with a combined X% share of total imports.

Belarus, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, dropping by X% against the previous year. Import price indicated a slight 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 most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined 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 Kyrgyzstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform