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Republic of Korea - Sodium Hydroxide In Aqueous Solution (Soda Lye Or Liquid Soda) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Caustic Soda in Aqueous Solution (Soda Lye) in South Korea - 2022
Contents:
- Price for Caustic Soda in Aqueous Solution (Soda Lye) in South Korea (FOB) - 2022
- Price for Caustic Soda in Aqueous Solution (Soda Lye) in South Korea (CIF) - 2022
- Exports of Caustic Soda in Aqueous Solution (Soda Lye) in South Korea
- Imports of Caustic Soda in Aqueous Solution (Soda Lye) in South Korea
Price for Caustic Soda in Aqueous Solution (Soda Lye) in South Korea (FOB) - 2022
In December 2022, the average export price for caustic soda in aqueous solution (soda lye) amounted to $490 per ton, declining by -23.1% against the previous month. Overall, the export price showed a noticeable decline. The growth pace was the most rapid in November 2022 an increase of 53% month-to-month. Over the period under review, the average export prices attained the maximum at $769 per ton in December 2021; however, from January 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Malta ($670 per ton), while the average price for exports to Belgium ($289 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Caustic Soda in Aqueous Solution (Soda Lye) in South Korea (CIF) - 2022
The average import price for caustic soda in aqueous solution (soda lye) stood at $8,845 per ton in December 2022, with an increase of 12% against the previous month. Overall, the import price recorded mild growth. The most prominent rate of growth was recorded in March 2022 an increase of 164% against the previous month. The import price peaked at $9,560 per ton in May 2022; however, from June 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($20,251 per ton), while the price for Japan ($1,735 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Caustic Soda in Aqueous Solution (Soda Lye) in South Korea
In 2022, overseas shipments of caustic soda in aqueous solution (soda lye) decreased by -11% to 431K tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.5% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 68%. As a result, the exports reached the peak of 620K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of caustic soda in aqueous solution (soda lye) skyrocketed to $246M in 2022. Overall, exports, however, enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Caustic Soda in Aqueous Solution (Soda Lye) in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 73.5 | 70.4 | 135 | 172 | 32.8% |
United States | 3.3 | 15.3 | 7.7 | 15.4 | 67.1% |
Netherlands | N/A | N/A | N/A | 11.1 | 0% |
Malta | N/A | N/A | N/A | 8.9 | 0% |
Turkey | N/A | N/A | N/A | 8.5 | 0% |
Vietnam | 5.5 | 11.5 | 7.8 | 8.4 | 15.2% |
Japan | 0.7 | 0.1 | 0.6 | 5.5 | 98.8% |
Greece | N/A | N/A | N/A | 4.7 | 0% |
Belgium | N/A | N/A | N/A | 3.0 | 0% |
Thailand | 7.1 | 7.4 | 2.1 | 2.9 | -25.8% |
Italy | 6.6 | 1.3 | N/A | 1.8 | -35.2% |
Singapore | 2.6 | 5.3 | 1.6 | 0.4 | -46.4% |
India | 12.8 | 2.2 | N/A | N/A | -82.8% |
Others | 6.4 | 17.6 | 11.9 | 4.2 | -13.1% |
Total | 119 | 131 | 166 | 246 | 27.4% |
Top Export Markets for Caustic Soda in Aqueous Solution (Soda Lye) from South Korea in 2022:
- Australia (291.5K tons)
- United States (50.7K tons)
- Turkey (19.4K tons)
- Netherlands (19.0K tons)
- Malta (18.5K tons)
- Thailand (15.4K tons)
- Vietnam (14.9K tons)
- Belgium (10.2K tons)
- Greece (9.3K tons)
- Japan (7.6K tons)
- Italy (7.5K tons)
- Singapore (0.6K tons)
Imports of Caustic Soda in Aqueous Solution (Soda Lye) in South Korea
Imports of caustic soda in aqueous solution (soda lye) into South Korea reduced markedly to 9.2K tons in 2022, with a decrease of -31.9% on 2021. Over the period under review, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. As a result, imports reached the peak of 14K tons, and then reduced remarkably in the following year.
In value terms, imports of caustic soda in aqueous solution (soda lye) surged to $8.1M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Caustic Soda in Aqueous Solution (Soda Lye) in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.5 | 2.9 | 1.5 | 5.9 | 33.1% |
Sweden | N/A | N/A | 0.8 | 0.8 | 0.0% |
Germany | 2.6 | 0.6 | 0.4 | 0.7 | -35.4% |
Japan | 1.3 | 1.0 | 0.6 | 0.5 | -27.3% |
China | N/A | N/A | 3.2 | N/A | 0% |
Others | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
Total | 6.6 | 4.5 | 6.6 | 8.1 | 7.1% |
Top Suppliers of Caustic Soda in Aqueous Solution (Soda Lye) to South Korea in 2022:
- United States (9.7K tons)
- Germany (1.0K tons)
- Japan (0.8K tons)
- Sweden (0.6K tons)
This report provides an in-depth analysis of the market for caustic soda in aqueous solution (soda lye) in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20132527 - Sodium hydroxide in aqueous solution (soda lye or liquid soda)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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