Malaysia - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Malaysia - 2021
Contents:
- Baking Soda Price in Malaysia (CIF) - 2021
- Baking Soda Price in Malaysia (FOB) - 2022
- Baking Soda Imports in Malaysia
- Baking Soda Exports in Malaysia
Baking Soda Price in Malaysia (CIF) - 2021
In December 2021, the average baking soda import price amounted to $519 per ton, with an increase of 22% against the previous month. In general, import price indicated a noticeable increase from December 2020 to December 2021: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, baking soda import price increased by +44.6% against October 2021 indices. The most prominent rate of growth was recorded in February 2021 an increase of 89% m-o-m. Over the period under review, average import prices reached the maximum in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was the United States ($2,140 per ton), while the price for France ($231 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by India (+38.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Baking Soda Price in Malaysia (FOB) - 2022
The average baking soda export price stood at $890 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $1,075 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($1,015 per ton), while the average price for exports to Brunei Darussalam ($646 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 Australia (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.
Baking Soda Imports in Malaysia
In 2022, the amount of baking soda imported into Malaysia reduced modestly to 26K tons, falling by -1.8% against the year before. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 3.6% against the previous year. As a result, imports attained the peak of 27K tons, and then contracted slightly in the following year.
In value terms, baking soda imports contracted slightly to $8.9M in 2022. Over the period under review, imports saw a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 11%.
| Import of Baking Soda in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,303 | 3,545 | 4,103 | 3,837 | -10.2% |
| United States | 1,049 | 1,546 | 1,458 | 1,309 | 7.7% |
| Italy | 153 | 230 | 954 | 856 | 77.5% |
| Thailand | 1,157 | 976 | 711 | 843 | -10.0% |
| Turkey | 69.2 | 376 | 478 | 429 | 83.7% |
| Singapore | 499 | 263 | 446 | 400 | -7.1% |
| France | 309 | 294 | 320 | 287 | -2.4% |
| Germany | 275 | 180 | 278 | 249 | -3.3% |
| Belgium | 186 | 305 | 41.2 | 158 | -5.3% |
| Others | 366 | 701 | 529 | 497 | 10.7% |
| Total | 9,366 | 8,415 | 9,318 | 8,867 | -1.8% |
Top Suppliers of Baking Soda to Malaysia in 2022:
- China (14.0K tons)
- Italy (2.5K tons)
- Thailand (2.3K tons)
- Turkey (1.7K tons)
- United States (1.3K tons)
- Singapore (1.2K tons)
- France (1.0K tons)
- Belgium (0.4K tons)
- Germany (0.4K tons)
Baking Soda Exports in Malaysia
In 2022, shipments abroad of baking soda decreased by -3.5% to 553 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 44% against the previous year. As a result, the exports reached the peak of 603 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, baking soda exports fell to $493K in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports reached the peak of $516K, and then shrank in the following year.
| Export of Baking Soda in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 59.2 | 243 | 230 | 261 | 64.0% |
| Thailand | 15.3 | 54.0 | 110 | 121 | 99.2% |
| Indonesia | 5.8 | 61.5 | 41.1 | 45.9 | 99.3% |
| Brunei Darussalam | 10.6 | 38.2 | 38.6 | 43.8 | 60.5% |
| United States | 341 | N/A | N/A | N/A | 0% |
| Others | 17.0 | 72.5 | 95.6 | 21.3 | 7.8% |
| Total | 449 | 469 | 516 | 493 | 3.2% |
Top Export Markets for Baking Soda from Malaysia in 2022:
- Singapore (257.0 tons)
- Thailand (165.5 tons)
- Brunei Darussalam (67.7 tons)
- Indonesia (53.0 tons)
This report provides an in-depth analysis of the baking soda market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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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