South-Eastern Asia: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in South-Eastern Asia

In 2022, the Southeast Asian market for caustic soda in the solid form increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption enjoyed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Caustic Soda in the Solid Form in South-Eastern Asia

In value terms, production of caustic soda in the solid form surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Exports of Caustic Soda in the Solid Form

Exports in South-Eastern Asia

In 2022, shipments abroad of caustic soda in the solid form increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of caustic soda in the solid form surged to $X in 2022. In general, exports enjoyed modest growth. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X tons) was the largest exporter of caustic soda in the solid form, creating X% of total exports. It was distantly followed by Singapore (X tons), committing an X% share of total exports. The following exporters - Indonesia (X tons) and Vietnam (X tons) - together made up X% of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of caustic soda in the solid form. At the same time, Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest caustic soda in the solid form supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated tangible growth 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, export price for caustic soda in the solid form increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Caustic Soda in the Solid Form

Imports in South-Eastern Asia

Imports of caustic soda in the solid form soared to X tons in 2022, growing by X% on 2021. Total imports indicated buoyant 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, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of caustic soda in the solid form surged to $X in 2022. Overall, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons) was the key importer of caustic soda in the solid form, generating X% of total imports. It was distantly followed by Indonesia (X tons), the Philippines (X tons), Thailand (X tons) and Cambodia (X tons), together creating a X% share of total imports. The following importers - Myanmar (X tons) and Malaysia (X tons) - each finished at an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to caustic soda in the solid form imports into Vietnam stood at X%. At the same time, Cambodia (X%), Myanmar (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Thailand experienced a relatively flat trend pattern. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Indonesia (X p.p.), Cambodia (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Philippines (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. The Philippines, Malaysia, Cambodia and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw 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 import price in South-Eastern Asia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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