Slovakia: Caustic Soda Market 2024

Caustic Soda Market Size in Slovakia

For the third year in a row, the Slovak caustic soda market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a remarkable increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Caustic Soda Production in Slovakia

In value terms, caustic soda production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Caustic Soda Exports

Exports from Slovakia

In 2022, overseas shipments of caustic soda increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, caustic soda exports skyrocketed to $X in 2022. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for caustic soda exports from Slovakia, with a X% share of total exports. Moreover, caustic soda exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), eightfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for caustic soda exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average caustic soda export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price showed a noticeable downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caustic Soda Imports

Imports into Slovakia

In 2022, the amount of caustic soda imported into Slovakia soared to X tons, with an increase of X% compared with 2021. Over the period under review, imports saw a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, caustic soda imports soared to $X in 2022. Overall, imports showed a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Hungary (X tons), Poland (X tons) and Romania (X tons) were the main suppliers of caustic soda imports to Slovakia, with a combined X% share of total imports. Lithuania and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (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 Slovakia were Hungary ($X), Poland ($X) and Romania ($X), with a combined X% share of total imports. Lithuania and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 2022, growing by X% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price 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, caustic soda import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Hungary ($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 Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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