Australia's Imports of Caustic Soda Slightly Drop to $1 Billion in 2023 - News and Statistics - IndexBox

Nov 04, 2024

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Caustic soda imports into Australia expanded slightly to 3.4M tons in 2023, surging by 4.7% compared with the year before. The total import volume increased at an average annual rate of +1.1% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum at 3.5M tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, caustic soda imports contracted sharply to $1B (IndexBox estimates) in 2023. Over the period under review, imports recorded a tangible expansion. The growth pace was the most rapid in 2021 when imports increased by 64%. Imports peaked at $1.2B in 2022, and then declined sharply in the following year.

China (1.8M tons), Japan (1.3M tons) and the United States (303K tons) were the main suppliers of caustic soda imports to Australia, together accounting for 100% of total imports.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +10.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($698M) constituted the largest supplier of caustic soda to Australia, comprising 69% of total imports. The second position in the ranking was taken by Japan ($227M), with a 22% share of total imports.

From 2013 to 2023, the average annual rate of growth in terms of value from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.4% per year) and the United States (+1.1% per year).

In 2023, caustic soda in aqueous solution (soda lye) (3.4M tons) was the main type of caustic soda supplied to Australia, with a 100% share of total imports. It was followed by caustic soda in the solid form (6K tons), with a 0.2% share of total imports.

From 2013 to 2023, the average annual growth rate of the volume of caustic soda in aqueous solution (soda lye) imports amounted to +1.1%.

In value terms, caustic soda in aqueous solution (soda lye) ($1B) constituted the largest type of caustic soda supplied to Australia, comprising 100% of total imports. The second position in the ranking was taken by caustic soda in the solid form ($4.8M), with a 0.5% share of total imports.

In 2023, the caustic soda price amounted to $300 per ton (CIF, Australia), dropping by -21.1% against the previous year. Over the period under review, the import price, however, saw a notable expansion. The pace of growth appeared the most rapid in 2022 an increase of 68% against the previous year. As a result, import price attained the peak level of $380 per ton, and then dropped remarkably in the following year.

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 China ($383 per ton), while the price for Japan ($180 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the caustic soda market in Australia. 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.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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