New Zealand - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in New Zealand - 2023
Contents:
- Baking Soda Price in New Zealand (CIF) - 2022
- Baking Soda Price in New Zealand (FOB) - 2022
- Baking Soda Imports in New Zealand
- Baking Soda Exports in New Zealand
Baking Soda Price in New Zealand (CIF) - 2022
In 2022, the average baking soda import price amounted to $673 per ton, increasing by 27% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Sweden ($23,599 per ton), while the price for Turkey ($299 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Baking Soda Price in New Zealand (FOB) - 2022
The average baking soda export price stood at $1,202 per ton in 2022, falling by -71.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 312%. Over the period under review, the average export prices attained the peak figure at $5,790 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cook Islands ($3,005 per ton), while the average price for exports to Hong Kong SAR ($762 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 Cook Islands (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Baking Soda Imports in New Zealand
In 2022, baking soda imports into New Zealand shrank modestly to 6.6K tons, waning by -4.2% compared with the previous year. Overall, imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of 6.9K tons, and then declined slightly in the following year.
In value terms, baking soda imports skyrocketed to $4.4M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.9% 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 +74.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Baking Soda in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,412 | 1,318 | 2,167 | 2,938 | 27.7% |
| France | 431 | 268 | 401 | 414 | -1.3% |
| United States | 307 | 262 | 236 | 347 | 4.2% |
| Singapore | 103 | 134 | 266 | 266 | 37.2% |
| Australia | 75.8 | 167 | 139 | 166 | 29.9% |
| Turkey | 48.9 | 139 | 118 | 134 | 39.9% |
| Thailand | 455 | 164 | 129 | 38.2 | -56.2% |
| Others | 248 | 93.1 | 190 | 135 | -18.3% |
| Total | 3,081 | 2,546 | 3,645 | 4,438 | 12.9% |
Top Suppliers of Baking Soda to New Zealand in 2022:
- China (4782.3 tons)
- Turkey (448.8 tons)
- United States (403.6 tons)
- Singapore (396.0 tons)
- France (237.2 tons)
- Australia (130.2 tons)
- Thailand (91.1 tons)
Baking Soda Exports in New Zealand
For the fourth consecutive year, New Zealand recorded growth in shipments abroad of baking soda, which increased by 58% to 126 tons in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, baking soda exports reduced markedly to $152K in 2022. Overall, exports, however, saw a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of 38% against the previous year. As a result, the exports reached the peak of $438K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Baking Soda in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 293 | 328 | 267 | 71.1 | -37.6% |
| Hong Kong SAR | N/A | N/A | N/A | 41.2 | 0% |
| Fiji | 8.6 | 22.0 | 16.3 | 20.9 | 34.4% |
| Cook Islands | 3.9 | 5.7 | 7.3 | 8.3 | 28.6% |
| Tonga | 5.3 | 4.2 | 6.4 | 5.6 | 1.9% |
| Samoa | 2.5 | 4.5 | 1.7 | 1.5 | -15.7% |
| Others | 5.6 | 73.8 | 39.9 | 3.1 | -17.9% |
| Total | 319 | 438 | 339 | 152 | -21.9% |
Top Export Markets for Baking Soda from New Zealand in 2022:
- Hong Kong SAR (54.0 tons)
- Australia (38.2 tons)
- Fiji (26.8 tons)
- Cook Islands (2.8 tons)
- Tonga (2.2 tons)
- Samoa (1.4 tons)
This report provides an in-depth analysis of the baking soda market in New Zealand. 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:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- 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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