Vietnam: Caustic Soda Market 2024

Caustic Soda Market Size in Vietnam

In 2022, the Vietnamese caustic soda market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption posted a resilient expansion. Caustic soda consumption peaked in 2022 and is expected to retain growth in the near future.

Caustic Soda Production in Vietnam

In value terms, caustic soda production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Caustic soda production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Caustic Soda Exports

Exports from Vietnam

In 2022, caustic soda exports from Vietnam surged to X tons, with an increase of X% on 2021. Overall, exports enjoyed a mild expansion. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, caustic soda exports surged to $X in 2022. In general, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X tons) was the main destination for caustic soda exports from Vietnam, accounting for a X% share of total exports. Moreover, caustic soda exports to Cambodia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), ninefold. Lao People's Democratic Republic (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Cambodia ($X) emerged as the key foreign market for caustic soda exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

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

Export Prices by Country

The average caustic soda export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Cambodia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Caustic Soda Imports

Imports into Vietnam

Caustic soda imports into Vietnam soared to X tons in 2022, picking up by X% on 2021. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, caustic soda imports skyrocketed to $X in 2022. Overall, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of caustic soda to Vietnam, accounting for a X% share of total imports. Moreover, caustic soda imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of caustic soda to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average caustic soda import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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