Thailand: Market for Caustic Soda in Aqueous Solution (Soda Lye) 2024

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in Thailand

In 2022, the Thai market for caustic soda in aqueous solution (soda lye) was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in Thailand

In value terms, production of caustic soda in aqueous solution (soda lye) amounted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production of reached the peak level in 2022 and is expected to retain growth in years to come.

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Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports from Thailand

For the third year in a row, Thailand recorded growth in shipments abroad of caustic soda in aqueous solution (soda lye), which increased by X% to X tons in 2022. Over the period under review, exports posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of caustic soda in aqueous solution (soda lye) skyrocketed to $X in 2022. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for exports of caustic soda in aqueous solution (soda lye) from Thailand, with a X% share of total exports. Moreover, exports of caustic soda in aqueous solution (soda lye) to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was held by Cambodia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Cambodia (X% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for caustic soda in aqueous solution (soda lye) exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average export price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, surging by X% against the previous year. Overall, the export price showed a tangible increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Vietnam ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports into Thailand

In 2022, the amount of caustic soda in aqueous solution (soda lye) imported into Thailand fell to X tons, with a decrease of X% compared with the year before. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of caustic soda in aqueous solution (soda lye) soared to $X in 2022. In general, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Japan (X tons) were the main suppliers of imports of caustic soda in aqueous solution (soda lye) to Thailand, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of caustic soda in aqueous solution (soda lye) to Thailand, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average import price for caustic soda in aqueous solution (soda lye) amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated modest 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, import price for caustic soda in aqueous solution (soda lye) increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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