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

Market Size for Caustic Soda in Aqueous Solution (Soda Lye) in Eastern Europe

The East European market for caustic soda in aqueous solution (soda lye) expanded modestly to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2023 and is likely to see gradual growth in years to come.

Production of Caustic Soda in Aqueous Solution (Soda Lye) in Eastern Europe

In value terms, production of caustic soda in aqueous solution (soda lye) contracted to $X in 2023 estimated in export price. The total production indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2018 indices. 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 dropped in the following year.

Exports of Caustic Soda in Aqueous Solution (Soda Lye)

Exports in Eastern Europe

Exports of caustic soda in aqueous solution (soda lye) dropped remarkably to X tons in 2023, declining by X% on 2022 figures. Total exports indicated a buoyant increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, exports of caustic soda in aqueous solution (soda lye) fell sharply to $X in 2023. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

The shipments of the four major exporters of caustic soda in aqueous solution (soda lye), namely Russia, Hungary, Romania and Poland, represented more than two-thirds of total export. Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Poland ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, declining by X% against the previous year. Overall, the export price, however, enjoyed a slight expansion. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export 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 exporting countries. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Imports of Caustic Soda in Aqueous Solution (Soda Lye)

Imports in Eastern Europe

In 2023, supplies from abroad of caustic soda in aqueous solution (soda lye) increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of caustic soda in aqueous solution (soda lye) fell remarkably to $X in 2023. Overall, imports showed a noticeable expansion. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2023, the Czech Republic (X tons), distantly followed by Poland (X tons), Belarus (X tons), Bulgaria (X tons), Hungary (X tons), Latvia (X tons), Lithuania (X tons) and Slovakia (X tons) were the largest importers of caustic soda in aqueous solution (soda lye), together committing X% of total imports. Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Slovakia ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Belarus, Hungary, Bulgaria, Lithuania, Latvia and Estonia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Latvia, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the import price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, posted a moderate increase. The pace of growth appeared the most rapid in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted 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 Slovakia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform