Australia - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Australia - 2023
Contents:
- Baking Soda Price in Australia (CIF) - 2023
- Baking Soda Price in Australia (FOB) - 2022
- Baking Soda Imports in Australia
- Baking Soda Exports in Australia
Baking Soda Price in Australia (CIF) - 2023
In September 2023, the average baking soda import price amounted to $393 per ton, flattening at the previous month. In general, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 24% against the previous month. As a result, import price attained the peak level of $738 per ton. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,000 per ton), while the price for Turkey ($288 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Singapore (-1.8%), while the prices for the other major suppliers experienced a decline.
Baking Soda Price in Australia (FOB) - 2022
In 2022, the average baking soda export price amounted to $1,476 per ton, which is down by -7.4% against the previous year. Overall, export price indicated a moderate increase from 2015 to 2022: its price increased at an average annual rate of +3.5% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, baking soda export price increased by +9.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $2,187 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($19,817 per ton), while the average price for exports to Fiji ($457 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+590.6%), while the prices for the other major destinations experienced more modest paces of growth.
Baking Soda Imports in Australia
After three years of growth, purchases abroad of baking soda decreased by -0.6% to 47K tons in 2022. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 7.3%. As a result, imports reached the peak of 47K tons, leveling off in the following year.
In value terms, baking soda imports soared to $29M in 2022. In general, imports, however, continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Baking Soda in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.8 | 8.0 | 12.2 | 15.6 | 16.8% |
| Singapore | 1.5 | 2.1 | 3.2 | 6.5 | 63.0% |
| United States | 1.8 | 2.3 | 1.8 | 2.4 | 10.1% |
| Turkey | 0.8 | 1.9 | 2.2 | 1.7 | 28.6% |
| Others | 1.8 | 1.2 | 1.2 | 2.8 | 15.9% |
| Total | 15.7 | 15.4 | 20.6 | 29.0 | 22.7% |
Top Suppliers of Baking Soda to Australia in 2022:
- China (26.6K tons)
- Singapore (10.4K tons)
- United States (3.3K tons)
- Turkey (3.1K tons)
Baking Soda Exports in Australia
In 2022, shipments abroad of baking soda increased by 77% to 228 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, baking soda exports surged to $336K in 2022. In general, exports, however, recorded a abrupt descent.
| Export of Baking Soda in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 289 | 101 | 83.3 | 188 | -13.4% |
| Papua New Guinea | 15.0 | 37.1 | 27.3 | 45.7 | 45.0% |
| Solomon Islands | N/A | 5.7 | 21.4 | 22.7 | 99.6% |
| Japan | 71.6 | N/A | 4.0 | 15.7 | -39.7% |
| Fiji | 4.1 | N/A | 4.5 | 14.3 | 51.7% |
| New Caledonia | 17.8 | 17.5 | 16.0 | 10.8 | -15.3% |
| Brazil | N/A | 51.8 | N/A | 4.7 | -69.9% |
| Saudi Arabia | N/A | N/A | N/A | 4.2 | 0% |
| Others | 40.3 | 43.7 | 48.2 | 29.8 | -9.6% |
| Total | 438 | 257 | 205 | 336 | -8.5% |
Top Export Markets for Baking Soda from Australia in 2022:
- New Zealand (136.9 tons)
- Fiji (31.2 tons)
- Papua New Guinea (25.1 tons)
- Solomon Islands (14.0 tons)
- New Caledonia (10.0 tons)
- Saudi Arabia (4.8 tons)
- Japan (2.8 tons)
- Brazil (0.2 tons)
This report provides an in-depth analysis of the baking 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.
Product coverage:
- Prodcom 20134320 - Sodium hydrogencarbonate (sodium bicarbonate)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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