Soda Ash Industry Global Overview 2014-15. Global Chemical Industry shift from Developed economies...
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Transcript of Soda Ash Industry Global Overview 2014-15. Global Chemical Industry shift from Developed economies...
![Page 1: Soda Ash Industry Global Overview 2014-15. Global Chemical Industry shift from Developed economies to Developing economies Asia Pacific (including China)](https://reader038.fdocuments.in/reader038/viewer/2022110320/56649c945503460f9495009e/html5/thumbnails/1.jpg)
Soda Ash Industry Global Overview2014-15Soda Ash Industry Global Overview2014-15
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Global Chemical Industry shift from Developed economies to Developing economies
Asia Pacific (including China) to gain from this shift
Complexities in China to help India becoming a manufacturing hub.
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Soda Ash : Global Demand – Supply (2014)
North America Capacity 12.50Prod. 12.00Demand 5.30
South America Capacity 0.200Production 0.150Demand 2.700
Africa Capacity 1.16Production 0.80Demand 1.20
CIS (Russia & Ukraine)Capacity 4.70Production 4.00Demand 3.50
AustraliaCapacity 0.35Production 0.00Demand 0.50
China Capacity 32.00Production 26.00Demand 24.00
India Capacity 3.00Production 2.50Demand 2.75
Middle EastCapacity 0.700Production 0.500Demand 1.700
EuropeCapacity 12.00Production 11.00Demand 10.50
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Indian Soda Ash Manufacturing - Facilities
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END USE Consumption Pattern – Global Vs India
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Growth Projection India – Soda Ash Consumers
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Global Overview
China • Total capacity touches 32 Million Tons which is 10 times of India's soda ash
production capacity.• Production around 25 Mil Mt . Cap Utilisation 77/78%• Despite excess glass capacity in China the capacity build up continues, a total of 245
flat glass lines operating in China, where there are only 7 in India.• With the slow down in Chinese Economy there is a marginal softening of prices.• Remains the major threat for India .
US / North America ( Natural Soda Ash )• Production reaches 11.5 Million MT . Domestic demand grows by only 1% • Exports grow by 5% mainly to Asia & South America .• The US producers ie. Tata/ Nirma have diverted some volumes to India in current
year • Natural SA has a huge cost advantage over the conventional process making the US
producers competitive globally.
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Europe• Total capacity is 12 MMT produced in 25 plants in 15 countries including Turkey.• IHS forecasts that after a 0.4% decline in 2013, Euro-zone real GDP will increase
1.1% in 2014 and 1.5% in 2015.• Cost pressures forced Soda Ash plants in UK/Portugal to closure.• European producers viz Ciech / Solvay increase export volumes to India as they
attract the lowest ADD. • Turkey with Natural Soda Ash reserves will be a threat to the rest of the
producing countries on account of their cost advantage & location
AFRICA, ASIA & MIDDLE EAST • TCL has shutdown their Pure Soda Ash plant at Magadi (Capacity 3.5 Lac
MT/annum) due to unsustainable operational cost. • Penrice permanently closed its Soda Ash production facility in Australia.• Asia led by India is the only area showing growth signs .
Global – Overview
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INDIA 2013-14 INDUSTRY HIGHLIGHTS• While Domestic Demand in 2013-14 has been flat, growth of 5/6% expected in 2014-15 & + 5% growth predicted going forward.
• Domestic consumption is approximately 3.1 Million MT ( 2.7 MMT market demand + 0.4 MMt internal ).
• With a production of only around 2.6 MMT, balance demand met by Imports.• China/ US / Europe / Kenya are the major exporters to India , major growth
in India is captured by Imports .• Flat Glass prices improve as Glass manufacturers get ADD protection on
ME / Saudi /Pakistan.• Ghari has announced a Soda Ash plant at Village Kuranga – Dwarka .
( Likely to take between 3 to 4 years )• Nirma & GHCL also examining expansion .• Anti Dumping Duties will be applicable till Mid 2017 hence we have to
work our over-all costs to remain competitive going forward .
India - Overview
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END SECTOR MACRO INDICATOS & PLAYERS : -Mix of Global, National and Regional Players : Fragmented Market.
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Thank You