Southern Asia: Caustic Soda Market 2024

Caustic Soda Market Size in Southern Asia

The South Asian caustic soda market contracted notably to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption, however, saw a precipitous decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Caustic Soda Production in Southern Asia

In value terms, caustic soda production dropped rapidly to $X in 2023 estimated in export price. Overall, production, however, faced a dramatic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Caustic Soda Exports

Exports in Southern Asia

Caustic soda exports soared to X tons in 2023, with an increase of X% against 2022 figures. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, caustic soda exports shrank slightly to $X in 2023. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

India represented the major exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Pakistan (X tons), constituting an X% share of total exports. Bangladesh (X tons) took a little share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Pakistan and Bangladesh increased by X and X percentage points, respectively.

In value terms, India ($X) remains the largest caustic soda supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, caustic soda exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, falling by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell rapidly in the following year.

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

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

Caustic Soda Imports

Imports in Southern Asia

Caustic soda imports stood at X tons in 2023, with an increase of X% on 2022. Total imports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, caustic soda imports amounted to $X in 2023. In general, imports, however, continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, amounting to X tons, which was near X% of total imports in 2023. Bangladesh (X tons), Sri Lanka (X tons) and Nepal (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the caustic soda imports, with a CAGR of X% from 2012 to 2023. Nepal and Sri Lanka experienced a relatively flat trend pattern. Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported caustic soda in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total imports. It was followed by Bangladesh, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India totaled X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Bangladesh (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform