Colombia - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Colombia - 2022
Contents:
- Baking Soda Price in Colombia (CIF) - 2022
- Baking Soda Price in Colombia (FOB) - 2022
- Baking Soda Imports in Colombia
- Baking Soda Exports in Colombia
Baking Soda Price in Colombia (CIF) - 2022
The average baking soda import price stood at $340 per ton in 2022, falling by -7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2021 an increase of 14%. Over the period under review, average import prices hit record highs at $371 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($905 per ton), while the price for Turkey ($255 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Baking Soda Price in Colombia (FOB) - 2022
The average baking soda export price stood at $829 per ton in 2022, shrinking by -6.8% against the previous year. In general, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 76% against the previous year. The export price peaked at $889 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($3,222 per ton), while the average price for exports to Panama ($346 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.
Baking Soda Imports in Colombia
In 2022, imports of baking soda into Colombia surged to 12K tons, increasing by 25% on the year before. Over the period under review, imports, however, saw a noticeable reduction.
In value terms, baking soda imports skyrocketed to $4M in 2022. In general, imports, however, saw a abrupt decrease.
| Import of Baking Soda in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,155 | 2,122 | 871 | 1,511 | -11.2% |
| Russia | 195 | 218 | 743 | 699 | 53.0% |
| Germany | 294 | 287 | 280 | 372 | 8.2% |
| Sweden | 531 | 378 | 4.0 | 265 | -20.7% |
| Italy | 276 | 383 | 66.0 | 211 | -8.6% |
| United States | 293 | 217 | 217 | 207 | -10.9% |
| United Kingdom | 207 | 72.1 | 84.7 | 108 | -19.5% |
| Turkey | 646 | 583 | 433 | 98.3 | -46.6% |
| Spain | 180 | 116 | 100 | 18.3 | -53.3% |
| Others | 141 | 99.5 | 643 | 469 | 49.3% |
| Total | 4,917 | 4,476 | 3,442 | 3,959 | -7.0% |
Top Suppliers of Baking Soda to Colombia in 2022:
- China (5.6K tons)
- Russia (2.7K tons)
- Italy (0.7K tons)
- Germany (0.7K tons)
- Turkey (0.4K tons)
- United States (0.2K tons)
- United Kingdom (0.2K tons)
- Sweden (0.2K tons)
- Spain (0.1K tons)
Baking Soda Exports in Colombia
In 2022, approx. 170 tons of baking soda were exported from Colombia; rising by 4.4% against the previous year's figure. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 24%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, baking soda exports dropped modestly to $141K in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 117%.
| Export of Baking Soda in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 18.0 | 59.2 | 56.2 | 52.7 | 43.1% |
| Costa Rica | 10.9 | 19.9 | 20.9 | 21.8 | 26.0% |
| El Salvador | 4.4 | 12.9 | 16.8 | 14.6 | 49.2% |
| Panama | 5.1 | 9.9 | 14.3 | 12.4 | 34.5% |
| Trinidad and Tobago | 4.3 | 12.2 | 5.2 | 11.9 | 40.4% |
| Dominican Republic | 8.9 | 6.3 | 11.9 | 10.4 | 5.3% |
| Venezuela | 6.9 | 11.3 | 10.6 | 9.2 | 10.1% |
| Others | 4.4 | 5.4 | 9.2 | 8.1 | 22.6% |
| Total | 63.1 | 137 | 145 | 141 | 30.7% |
Top Export Markets for Baking Soda from Colombia in 2022:
- Costa Rica (42.4 tons)
- Panama (36.0 tons)
- El Salvador (32.0 tons)
- Ecuador (25.0 tons)
- Venezuela (14.7 tons)
- Dominican Republic (10.8 tons)
- Trinidad and Tobago (7.0 tons)
This report provides an in-depth analysis of the baking soda market in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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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