South-Eastern Asia: Caustic Soda Market 2024

Caustic Soda Market Size in South-Eastern Asia

In 2023, the Southeast Asian caustic soda market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Caustic Soda Production in South-Eastern Asia

In value terms, caustic soda production rose to $X in 2023 estimated in export price. The total output 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. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Caustic Soda Exports

Exports in South-Eastern Asia

In 2023, shipments abroad of caustic soda increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, caustic soda exports declined to $X in 2023. In general, exports enjoyed strong growth. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2023, Thailand (X tons) was the main exporter of caustic soda, generating X% of total exports. Indonesia (X tons) held the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest caustic soda supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Malaysia ($X), with a combined X% share of total exports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

The export price in South-Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price continues to indicate 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 contracted dramatically in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Caustic Soda Imports

Imports in South-Eastern Asia

In 2023, approx. X tons of caustic soda were imported in South-Eastern Asia; with a decrease of X% compared with the year before. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, caustic soda imports contracted markedly to $X in 2023. Overall, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

Indonesia represented the main importer of caustic soda in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Malaysia (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%), the Philippines (X%), Thailand (X%) and Singapore (X%). Myanmar (X tons) took a little share of total imports.

Indonesia was also the fastest-growing in terms of the caustic soda imports, with a CAGR of X% from 2012 to 2023. At the same time, Myanmar (X%), Vietnam (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Indonesia, Vietnam and Malaysia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caustic soda importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Malaysia ($X), with a combined X% share of total imports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell significantly in the following year.

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

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

Source: IndexBox Platform