Caustic Soda Market in Pakistan
Market Overview
The Pakistani caustic soda market contracted to $
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Caustic soda consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
In value terms, caustic soda production fell to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Caustic soda consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.In value terms, caustic soda production fell to $
in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , consumption of caustic soda increased by % to tons, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, continues to indicate a pronounced curtailment. Caustic soda consumption peaked at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
The size of the caustic soda market in Pakistan reduced to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, consumption of caustic soda increased by % to tons, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, continues to indicate a pronounced curtailment. Caustic soda consumption peaked at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.The size of the caustic soda market in Pakistan reduced to $
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for caustic soda in Pakistan, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of caustic soda in Pakistan were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for caustic soda. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Pakistan imports of in the caustic soda market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Pakistan imports of in the caustic soda market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Pakistan remains a net exporter of caustic soda; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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