Eastern Asia: Market for Caustic Soda in Aqueous Solution (Soda Lye) 2024

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

In 2022, the East Asian market for caustic soda in aqueous solution (soda lye) decreased by X% to $X, falling for the fourth year in a row after two years of growth. In general, consumption continues to indicate a abrupt shrinkage. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in Eastern Asia

In value terms, production of caustic soda in aqueous solution (soda lye) soared to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports in Eastern Asia

In 2022, overseas shipments of caustic soda in aqueous solution (soda lye) increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of caustic soda in aqueous solution (soda lye) soared to $X in 2022. Overall, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) was the main exporter of caustic soda in aqueous solution (soda lye) in Eastern Asia, committing X% of total export. It was distantly followed by South Korea (X tons), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the largest caustic soda in aqueous solution (soda lye) supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced 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 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports in Eastern Asia

In 2022, supplies from abroad of caustic soda in aqueous solution (soda lye) increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, imports of caustic soda in aqueous solution (soda lye) soared to $X in 2022. In general, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) prevails in lye) structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by South Korea (X tons), mixing up a X% share of total imports. Hong Kong SAR (X tons) held a minor share of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the caustic soda in aqueous solution (soda lye) imports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%) and South Korea (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported caustic soda in aqueous solution (soda lye) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Taiwan (Chinese) stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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