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

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in SADC

In 2023, after two years of growth, there was significant decline in the SADC market for caustic soda in aqueous solution (soda lye), when its value decreased by X% to $X. In general, consumption continues to indicate a noticeable increase. Over the period under review, the market attained the maximum level at $X in 2022, and then plummeted in the following year.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in SADC

In value terms, production of caustic soda in aqueous solution (soda lye) declined slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, production attained the peak level of $X, and then dropped slightly in the following year.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports in SADC

In 2023, the amount of caustic soda in aqueous solution (soda lye) exported in SADC shrank to X tons, with a decrease of X% on 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of caustic soda in aqueous solution (soda lye) shrank sharply to $X in 2023. Overall, exports recorded a mild setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

South Africa was the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Angola (X tons) and Botswana (X tons), together creating a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Botswana (X%) and Angola (X%) displayed positive paces of growth. Moreover, Botswana emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. Angola (X p.p.) and Botswana (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, South Africa ($X) remains the largest caustic soda in aqueous solution (soda lye) supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Botswana ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Botswana (X% per year) and Angola (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports in SADC

Imports of caustic soda in aqueous solution (soda lye) rose remarkably to X tons in 2023, increasing by X% compared with 2022 figures. Total imports indicated a noticeable increase 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure in 2023 and are likely to continue growth in years to come.

In value terms, imports of caustic soda in aqueous solution (soda lye) declined significantly to $X in 2023. In general, imports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2022, and then fell markedly in the following year.

Imports by Country

The purchases of the one major importers of caustic soda in aqueous solution (soda lye), namely South Africa, represented more than two-thirds of total import.

South Africa 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 2023. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported caustic soda in aqueous solution (soda lye) in SADC.

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

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped dramatically in the following year.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

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

Source: IndexBox Platform