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Thailand - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Sep 1, 2023

Significant Decrease in Baking Soda Price in Thailand: Now at $468 per Ton

Thailand Baking Soda Export Price in June 2023

In June 2023, the baking soda price stood at $468 per ton (FOB, Thailand), with a decrease of -11.1% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 21% month-to-month. As a result, the export price attained the peak level of $622 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In June 2023, the highest price was recorded for prices to India ($568 per ton) and Malaysia ($563 per ton), while the average price for exports to China ($434 per ton) and Indonesia ($465 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Thailand Baking Soda Export Prices By Country (USD Per Ton)

COUNTRY	Export Price of Baking Soda in Thailand (USD per ton)
COUNTRY	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023
India	378	392	409	436	468	532	690	581	525	530	707	535	568
Malaysia	465	534	549	495	489	571	539	583	532	574	570	557	563
Vietnam	464	402	530	516	485	688	630	607	594	595	668	671	537
South Korea	433	438	446	421	437	601	496	534	503	513	523	540	527
Japan	345	369	398	416	427	454	438	536	573	538	583	550	471
Indonesia	646	474	572	523	555	573	581	634	575	615	704	537	465
China	457	435	403	369	376	388	416	469	470	476	628	472	434
Average	459	435	447	412	403	421	467	542	546	514	622	526	468

Thailand Baking Soda Exports

In June 2023, the amount of baking soda exported from Thailand surged to 6.5K tons, jumping by 49% against the previous month's figure. Overall, exports enjoyed pronounced growth. The growth pace was the most rapid in July 2022 with an increase of 69% month-to-month.

In value terms, baking soda exports skyrocketed to $3.1M (IndexBox estimates) in June 2023. In general, total exports indicated a pronounced increase from June 2022 to June 2023: its value increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, exports increased by +28.3% against March 2023 indices. The growth pace was the most rapid in July 2022 with an increase of 61% month-to-month. The exports peaked in June 2023.

Thailand Baking Soda Exports by Country

China (3.4K tons) was the main destination for baking soda exports from Thailand, accounting for a 53% share of total exports. Moreover, baking soda exports to China exceeded the volume sent to the second major destination, Indonesia (1.4K tons), twofold. Japan (487 tons) ranked third in terms of total exports with a 7.4% share.

From June 2022 to June 2023, the average monthly growth rate of volume to China stood at +3.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+18.5% per month) and Japan (+5.9% per month).

In value terms, China ($1.5M) remains the key foreign market for baking soda exports from Thailand, comprising 49% of total exports. The second position in the ranking was held by Indonesia ($645K), with a 21% share of total exports. It was followed by Vietnam, with a 7.7% share.

From June 2022 to June 2023, the average monthly growth rate of value to China totaled +3.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+15.3% per month) and Vietnam (-1.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the baking soda market in Thailand. 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 20134320 - Sodium hydrogencarbonate (sodium bicarbonate)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Thailand - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights

Significant Decrease in Baking Soda Price in Thailand: Now at $468 per Ton

Thailand Baking Soda Export Price in June 2023

Thailand Baking Soda Exports

Thailand Baking Soda Exports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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