China - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in China - 2023
Contents:
- Baking Soda Price in China (FOB) - 2023
- Baking Soda Price in China (CIF) - 2023
- Baking Soda Exports in China
- Baking Soda Imports in China
Baking Soda Price in China (FOB) - 2023
The average baking soda export price stood at $251 per ton in September 2023, surging by 6% against the previous month. Overall, the export price, however, saw a noticeable decrease. The export price peaked at $328 per ton in October 2022; however, from November 2022 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($365 per ton), while the average price for exports to India ($199 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-0.6%), while the prices for the other major destinations experienced a decline.
Baking Soda Price in China (CIF) - 2023
In September 2023, the average baking soda import price amounted to $390 per ton, shrinking by -7.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 11% month-to-month. Over the period under review, average import prices hit record highs at $428 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,978 per ton), while the price for Bulgaria ($220 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 Germany (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Baking Soda Exports in China
In 2022, baking soda exports from China rose sharply to 573K tons, increasing by 15% against the previous year. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period.
In value terms, baking soda exports surged to $196M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Baking Soda in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 40.7 | 37.5 | 47.1 | 64.1 | 16.3% |
| Indonesia | 14.1 | 15.0 | 15.0 | 19.6 | 11.6% |
| Thailand | 10.0 | 9.6 | 9.2 | 12.7 | 8.3% |
| Australia | 7.9 | 6.8 | 9.6 | 12.3 | 15.9% |
| Vietnam | 4.9 | 6.3 | 7.9 | 12.0 | 34.8% |
| Bangladesh | 4.2 | 4.7 | 3.6 | 10.3 | 34.9% |
| South Africa | 1.9 | 1.2 | 1.0 | 5.8 | 45.1% |
| Philippines | 2.7 | 3.3 | 4.3 | 5.4 | 26.0% |
| Japan | 3.2 | 3.4 | 4.5 | 5.1 | 16.8% |
| Malaysia | 3.6 | 3.0 | 2.7 | 3.6 | 0.0% |
| Others | 36.5 | 30.6 | 22.6 | 44.9 | 7.1% |
| Total | 130 | 121 | 127 | 196 | 14.7% |
Top Export Markets for Baking Soda from China in 2022:
- South Korea (197.8K tons)
- Indonesia (66.0K tons)
- Thailand (40.2K tons)
- Vietnam (35.1K tons)
- Bangladesh (28.7K tons)
- Australia (27.5K tons)
- South Africa (16.2K tons)
- Philippines (15.5K tons)
- Japan (11.8K tons)
- Malaysia (10.9K tons)
Baking Soda Imports in China
In 2022, approx. 131K tons of baking soda were imported into China; with an increase of 32% compared with 2021. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +19.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, baking soda imports skyrocketed to $52M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Baking Soda in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.2 | 12.3 | 16.2 | 20.8 | 36.4% |
| Bulgaria | N/A | 0.1 | 0.3 | 11.3 | 963.0% |
| Germany | 8.2 | 5.0 | 4.6 | 6.5 | -7.5% |
| Italy | 7.2 | 4.1 | 5.8 | 4.1 | -17.1% |
| Spain | 2.7 | 3.9 | 5.2 | 3.8 | 12.1% |
| Singapore | 0.2 | 1.8 | 2.2 | 2.7 | 138.1% |
| United States | 2.6 | 3.3 | 2.8 | 1.6 | -14.9% |
| Others | 1.0 | 1.2 | 1.3 | 1.6 | 17.0% |
| Total | 30.1 | 31.7 | 38.4 | 52.4 | 20.3% |
Top Suppliers of Baking Soda to China in 2022:
- Thailand (48.4K tons)
- Bulgaria (34.3K tons)
- Italy (13.5K tons)
- Germany (12.8K tons)
- Spain (11.1K tons)
- Singapore (4.8K tons)
- United States (3.1K tons)
This report provides an in-depth analysis of the baking soda market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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