Southern Asia: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Southern Asia

The South Asian market for caustic soda in the solid form plummeted to $X in 2023, declining by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Production of Caustic Soda in the Solid Form in Southern Asia

In value terms, production of caustic soda in the solid form fell rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Exports of Caustic Soda in the Solid Form

Exports in Southern Asia

For the fourth year in a row, Southern Asia recorded growth in overseas shipments of caustic soda in the solid form, which increased by X% to X tons in 2023. Over the period under review, exports continue to indicate strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of caustic soda in the solid form soared to $X in 2023. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of caustic soda in solid form hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

India prevails in form structure, resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Bangladesh (X tons), achieving a X% share of total exports. Pakistan (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. Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped significantly 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 Pakistan ($X per ton), while India ($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.

Imports of Caustic Soda in the Solid Form

Imports in Southern Asia

In 2023, purchases abroad of caustic soda in the solid form increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a mild decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of caustic soda in the solid form reduced to $X in 2023. In general, imports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, imports of caustic soda in solid form reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, India (X tons), distantly followed by Bangladesh (X tons), Sri Lanka (X tons) and Nepal (X tons) represented the largest importers of caustic soda in the solid form, together committing X% of total imports. Afghanistan (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Sri Lanka ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Nepal and Afghanistan lagged somewhat behind, together comprising a further X%.

Afghanistan, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Southern Asia stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price saw 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, import price attained the peak level of $X per ton, and then reduced sharply in the following year.

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 ($X per ton), while Afghanistan ($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