Canada - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Canada - 2023
Contents:
- Baking Soda Price in Canada (CIF) - 2023
- Baking Soda Price in Canada (FOB) - 2023
- Baking Soda Imports in Canada
- Baking Soda Exports in Canada
Baking Soda Price in Canada (CIF) - 2023
In September 2023, the average baking soda import price amounted to $702 per ton, shrinking by -9.1% against the previous month. Overall, the import price, however, continues to indicate mild growth. The growth pace was the most rapid in June 2023 an increase of 39% m-o-m. The import price peaked at $835 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($1,368 per ton), while the price for China ($399 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 Turkey (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Baking Soda Price in Canada (FOB) - 2023
In September 2023, the average baking soda export price amounted to $555 per ton, which is down by -3.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in August 2023 an increase of 26% month-to-month. Over the period under review, the average export prices reached the maximum at $585 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From September 2022 to September 2023, the rate of growth in terms of prices for the United States amounted to +2.2% per month.
Baking Soda Imports in Canada
In 2022, imports of baking soda into Canada contracted to 82K tons, approximately mirroring the year before. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 6.5%. As a result, imports reached the peak of 83K tons, leveling off in the following year.
In value terms, baking soda imports surged to $46M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Baking Soda in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.7 | 30.9 | 29.6 | 38.1 | 12.6% |
| Turkey | 3.7 | 3.4 | 3.9 | 5.8 | 16.2% |
| Sweden | 4.1 | 4.1 | 4.0 | 0.3 | -58.2% |
| Others | 0.5 | 0.8 | 0.7 | 2.1 | 61.3% |
| Total | 34.9 | 39.2 | 38.3 | 46.3 | 9.9% |
Top Suppliers of Baking Soda to Canada in 2022:
- United States (62.7K tons)
- Turkey (17.9K tons)
- Sweden (0.1K tons)
Baking Soda Exports in Canada
For the fourth year in a row, Canada recorded growth in shipments abroad of baking soda, which increased by 0.3% to 7.1K tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 259% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, baking soda exports reached $3M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 234% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Baking Soda in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.7 | 2.6 | 2.8 | 3.0 | 62.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.8 | 2.6 | 2.8 | 3.0 | 55.4% |
Top Export Markets for Baking Soda from Canada in 2022:
- United States (7.0K tons)
This report provides an in-depth analysis of the baking soda market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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