MENA: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in MENA

In 2023, the MENA's market for caustic soda in the solid form decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Caustic Soda in the Solid Form in MENA

In value terms, production of caustic soda in the solid form declined to $X in 2023 estimated in export price. The total production indicated a moderate expansion 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Caustic Soda in the Solid Form

Exports in MENA

After two years of growth, shipments abroad of caustic soda in the solid form decreased by X% to X tons in 2023. Total exports indicated perceptible growth from 2012 to 2023: its volume 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, 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 attained the peak of X tons, and then declined in the following year.

In value terms, exports of caustic soda in the solid form declined dramatically to $X in 2023. Over the period under review, exports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Iran (X tons), Saudi Arabia (X tons), Kuwait (X tons), Qatar (X tons), the United Arab Emirates (X tons) and Turkey (X tons) represented roughly X% of total exports in 2023. Oman (X tons) followed a long way behind the leaders.

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

In value terms, Qatar ($X), Saudi Arabia ($X) and Kuwait ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Qatar, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced 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 reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Imports of Caustic Soda in the Solid Form

Imports in MENA

After two years of growth, purchases abroad of caustic soda in the solid form decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports of caustic soda in solid form reached the maximum at X tons in 2022, and then reduced in the following year.

In value terms, imports of caustic soda in the solid form declined markedly to $X in 2023. Total imports indicated pronounced growth from 2012 to 2023: its value 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Turkey was the largest importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Djibouti (X tons), Algeria (X tons), Egypt (X tons) and Syrian Arab Republic (X tons), together comprising a X% share of total imports. The United Arab Emirates (X tons), Morocco (X tons), Tunisia (X tons), Lebanon (X tons), Israel (X tons), Jordan (X tons), Yemen (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to caustic soda in the solid form imports into Turkey stood at X%. At the same time, Djibouti (X%), Morocco (X%), Egypt (X%), Yemen (X%), Syrian Arab Republic (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Tunisia, Jordan and Israel experienced a relatively flat trend pattern. By contrast, Iraq (X%), the United Arab Emirates (X%) and Lebanon (X%) illustrated a downward trend over the same period. Turkey (X p.p.), Djibouti (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total imports, while Iraq, Lebanon, the United Arab Emirates and Algeria saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported caustic soda in the solid form in MENA, comprising X% of total imports. The second position in the ranking was taken by Djibouti ($X), with a X% share of total imports. It was followed by Algeria, with an X% share.

In Turkey, imports of caustic soda in the solid form increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Djibouti (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform