Kuwait: Caustic Soda Market 2024

Caustic Soda Market Size in Kuwait

For the third consecutive year, the Kuwaiti caustic soda market recorded decline in sales value, which decreased by X% to less than $X in 2023. Overall, consumption continues to indicate strong growth. Caustic soda consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Caustic Soda Production in Kuwait

In value terms, caustic soda production stood at less than $X in 2023 estimated in export price. Overall, production continues to indicate a notable expansion. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Caustic Soda Exports

Exports from Kuwait

In 2023, the amount of caustic soda exported from Kuwait reached X tons, approximately reflecting 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, caustic soda exports dropped markedly to $X in 2023. Overall, total exports indicated measured growth from 2012 to 2023: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Egypt (X tons), Algeria (X tons) and Sudan (X tons) were the main destinations of caustic soda exports from Kuwait, together accounting for X% of total exports. Yemen, Peru, Sri Lanka, Cote d'Ivoire, Venezuela, Senegal, Saudi Arabia, the United Arab Emirates, Spain and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X), Sudan ($X) and Egypt ($X) constituted the largest markets for caustic soda exported from Kuwait worldwide, together accounting for X% of total exports. Yemen, Sri Lanka, Peru, Venezuela, Saudi Arabia, Spain, the United Arab Emirates, Cote d'Ivoire, Senegal and Democratic Republic of the Congo lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the average caustic soda export price amounted to $X per ton, dropping by X% against the previous year. In general, export price indicated a measured increase 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 export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caustic Soda Imports

Imports into Kuwait

In 2023, purchases abroad of caustic soda was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, faced a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, caustic soda imports declined dramatically to $X in 2023. Overall, imports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Kenya (X tons) and Sweden (X tons) were the main suppliers of caustic soda imports to Kuwait, with a combined X% share of total imports.

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

In value terms, the largest caustic soda suppliers to Kuwait were the United Arab Emirates ($X), Kenya ($X) and the United States ($X), together accounting for X% of total imports. Saudi Arabia, China, Romania, Iran and Sweden lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caustic soda import price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price, however, showed a strong increase. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform