Ghana - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBaking Soda Price in Ghana - 2022
Contents:
- Baking Soda Price in Ghana (CIF) - 2022
- Baking Soda Price in Ghana (FOB) - 2022
- Baking Soda Imports in Ghana
- Baking Soda Exports in Ghana
Baking Soda Price in Ghana (CIF) - 2022
The average baking soda import price stood at $377 per ton in 2022, surging by 14% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 25%. The import price peaked at $696 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($2,634 per ton), while the price for Romania ($175 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Baking Soda Price in Ghana (FOB) - 2022
The average baking soda export price stood at $246 per ton in 2022, reducing by -28.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 50% against the previous year. The export price peaked at $1,936 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Cote d'Ivoire ($1,425 per ton), while the average price for exports to Burkina Faso ($135 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 Togo (+3.3%), while the prices for the other major destinations experienced a decline.
Baking Soda Imports in Ghana
In 2022, the amount of baking soda imported into Ghana reached 1.5K tons, increasing by 14% compared with 2021. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, baking soda imports surged to $572K in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Baking Soda in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 134 | 96.6 | 192 | 240 | 21.4% |
| Spain | 28.2 | 27.0 | 51.7 | 72.7 | 37.1% |
| Romania | 29.5 | 25.0 | 42.1 | 52.2 | 21.0% |
| Germany | 30.2 | 23.1 | 35.4 | 39.8 | 9.6% |
| India | 14.2 | 16.2 | 25.2 | 28.8 | 26.6% |
| Turkey | 0.8 | 2.4 | 12.7 | 25.1 | 215.4% |
| Netherlands | 8.6 | 12.0 | 13.8 | 17.2 | 26.0% |
| Russia | 6.5 | 4.9 | 7.2 | 7.9 | 6.7% |
| Others | 63.9 | 47.3 | 60.9 | 88.3 | 11.4% |
| Total | 316 | 255 | 441 | 572 | 21.9% |
Top Suppliers of Baking Soda to Ghana in 2022:
- China (661.5 tons)
- Spain (306.5 tons)
- Romania (298.1 tons)
- Germany (50.8 tons)
- Turkey (43.4 tons)
- Russia (25.7 tons)
- India (25.5 tons)
- Netherlands (25.2 tons)
Baking Soda Exports in Ghana
In 2022, baking soda exports from Ghana fell remarkably to 1.8 tons, dropping by -82.2% against the previous year's figure. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,757%. As a result, the exports attained the peak of 10 tons, and then shrank rapidly in the following year.
In value terms, baking soda exports shrank notably to $437 in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 3,728% against the previous year. As a result, the exports reached the peak of $3.4K, and then dropped rapidly in the following year.
| Export of Baking Soda in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | 99.0 | 34.0 | 1,065 | 217 | 29.9% |
| Cote d'Ivoire | 302 | 1.0 | 1,045 | 191 | -14.2% |
| Togo | 200 | 55.0 | 1,335 | 16.0 | -56.9% |
| Others | 33.0 | N/A | N/A | 13.0 | -26.7% |
| Total | 634 | 90.0 | 3,445 | 437 | -11.7% |
Top Export Markets for Baking Soda from Ghana in 2022:
- Burkina Faso (1612.0 kg)
- Cote d'Ivoire (134.0 kg)
- Togo (19.0 kg)
This report provides an in-depth analysis of the baking soda market in Ghana. 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:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- 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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
419
This report provides an in-depth analysis of the baking soda market in Ghana.
342
This report provides an in-depth analysis of the carbonate market in Ghana.
582
This report provides an in-depth analysis of the sodium carbonate market in Ghana.
721
This report provides an in-depth analysis of the calcium carbonate market in Ghana.
503
This report provides an in-depth analysis of the lithium carbonate market in Ghana.
428
This report provides an in-depth analysis of the market for lithium oxide, hydroxide and carbonate in Ghana.
1737
This report provides an in-depth analysis of the global baking soda market.
1358
This report provides an in-depth analysis of the global carbonate market.
1307
This report provides an in-depth analysis of the global sodium carbonate market.
1960
This report provides an in-depth analysis of the global calcium carbonate market.
237
Explore the top import markets for carbonate worldwide, with key statistics and data from IndexBox. Learn about the leading countries in the carbonate import market and their import values.
1537
Global carbonate imports totaled X tons in 2016, lowering by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- however,...
1065
Global carbonate imports totaled X tons in 2016, lowering by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- however,...
1539
The U.S. continued its dominance in the global carbonate and peroxocarbonate trade. In 2014, the U.S. exported X million tons of carbonates and peroxocarbonates totaling X billion USD, X% over the previous year. Its primary trading partner was Mexi
364
Explore the world's best import markets for lithium carbonate, backed by key statistics. Discover the leading countries importing lithium carbonate, including China, South Korea, and Japan.
592
The pandemic hit battery manufacturing, which is the main lithium-consuming industry hard. Lithium supplies on the global market exceeded demand, resulting in a fall in lithium prices. In the second half of 2020, lithium demand started to recover, buoyed by strong battery sales. Strategic partnerships shaped during the Covid crisis enabled lithium manufacturers to secure stable product supply chains.
262
Explore the top import markets for lithium oxide, hydroxide, and carbonate, including China, South Korea, Japan, and more. Discover key statistics and insights on the demand for these essential components in the production of lithium-ion batteries.
237
Explore the top import markets for carbonate worldwide, with key statistics and data from IndexBox. Learn about the leading countries in the carbonate import market and their import values.
1537
Global carbonate imports totaled X tons in 2016, lowering by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- however,...
1065
Global carbonate imports totaled X tons in 2016, lowering by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- however,...
