Ireland: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Ireland

After three years of growth, the Irish market for caustic soda in the solid form decreased by X% to $X in 2023. In general, the total consumption indicated notable growth 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, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Exports of Caustic Soda in the Solid Form

Exports from Ireland

In 2023, exports of caustic soda in the solid form from Ireland rose significantly to X tons, with an increase of X% on the year before. Over the period under review, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of caustic soda in the solid form soared to $X in 2023. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), the UK (X tons) and Germany (X tons) were the main destinations of exports of caustic soda in the solid form from Ireland, together comprising X% of total exports. These countries were followed by South Korea, which accounted for a further X%.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for caustic soda in the solid form exports from Ireland, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and South Korea (X.1% per year).

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caustic Soda in the Solid Form

Imports into Ireland

In 2023, overseas purchases of caustic soda in the solid form decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of caustic soda in the solid form dropped to $X in 2023. In general, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports of caustic soda in solid form attained the maximum at $X in 2022, and then fell in the following year.

Imports by Country

The UK (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of caustic soda in the solid form to Ireland, with a combined X% share of total imports. The Netherlands, Sweden, Germany, Poland, Belgium and France lagged somewhat behind, together comprising a further X%.

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

In value terms, Poland ($X), Germany ($X) and Sweden ($X) were the largest caustic soda in the solid form suppliers to Ireland, together comprising X% of total imports.

Among the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average import price for caustic soda in the solid form stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of X%. The import price peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform