Middle East: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in the Middle East

In 2022, the Middle Eastern market for caustic soda in the solid form increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a tangible increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Caustic Soda in the Solid Form in the Middle East

In value terms, production of caustic soda in the solid form expanded modestly to $X in 2022 estimated in export price. Overall, production recorded strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to see steady growth in the near future.

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Exports of Caustic Soda in the Solid Form

Exports in the Middle East

In 2022, exports of caustic soda in the solid form in the Middle East expanded significantly to X tons, surging by X% on 2021 figures. Total exports indicated temperate growth 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports of caustic soda in solid form hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of caustic soda in the solid form skyrocketed to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports of caustic soda in solid form hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The shipments of the five major exporters of caustic soda in the solid form, namely Iran, Saudi Arabia, Kuwait, the United Arab Emirates and Turkey, represented more than two-thirds of total export. Oman (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Iran ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of 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 2022, the export price in the Middle East amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Caustic Soda in the Solid Form

Imports in the Middle East

In 2022, purchases abroad of caustic soda in the solid form increased by X% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated a moderate expansion 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 2021 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in the solid form surged to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates form structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Syrian Arab Republic (X tons), the United Arab Emirates (X tons) and Israel (X tons), together making up a X% share of total imports. Lebanon (X tons), Yemen (X tons), Iraq (X tons) and Jordan (X tons) held a little share of total imports.

Turkey was also the fastest-growing in terms of the caustic soda in the solid form imports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%), Yemen (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. By contrast, Lebanon (X%), Iraq (X%), the United Arab Emirates (X%) and Jordan (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Iraq, Jordan, Lebanon and the United Arab Emirates saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported caustic soda in the solid form in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In Turkey, imports of caustic soda in the solid form expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, jumping 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 the United Arab Emirates ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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