Russian Federation - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Russia - 2022
Contents:
- Baking Soda Price in Russia (FOB) - 2022
- Baking Soda Price in Russia (CIF) - 2022
- Baking Soda Exports in Russia
- Baking Soda Imports in Russia
Baking Soda Price in Russia (FOB) - 2022
The average baking soda export price stood at $238 per ton in 2022, rising by 6.1% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The growth pace was the most rapid in 2019 an increase of 15%. Over the period under review, the average export prices attained the maximum at $367 per ton in 2013; however, from 2014 to 2022, the 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 Colombia ($347 per ton), while the average price for exports to Finland ($141 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 Colombia (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Baking Soda Price in Russia (CIF) - 2022
In 2022, the average baking soda import price amounted to $1,053 per ton, which is down by -19.4% against the previous year. In general, the import price saw a slight contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 152%. Over the period under review, average import prices hit record highs at $1,311 per ton in 2018; however, from 2019 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 Armenia ($13,467 per ton), while the price for Turkey ($233 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Baking Soda Exports in Russia
In 2022, after three years of growth, there was significant decline in overseas shipments of baking soda, when their volume decreased by -17% to 128K tons. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of 154K tons, and then declined markedly in the following year.
In value terms, baking soda exports dropped to $30M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. As a result, the exports reached the peak of $35M, and then reduced in the following year.
| Export of Baking Soda in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 3.3 | 3.1 | 3.9 | 4.8 | 13.3% |
| Ukraine | 5.5 | 2.6 | 2.9 | 4.7 | -5.1% |
| Belgium | 0.1 | 0.2 | 1.3 | 3.2 | 217.5% |
| Hungary | 0.1 | 0.8 | 1.4 | 2.3 | 184.4% |
| Colombia | 0.1 | 0.1 | 0.9 | 2.0 | 171.4% |
| Cyprus | 0.9 | 1.2 | 1.6 | 1.4 | 15.9% |
| Poland | 0.3 | 0.8 | 0.9 | 1.2 | 58.7% |
| South Africa | N/A | N/A | 0.2 | 1.0 | 400.0% |
| Vietnam | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Peru | 0.1 | 0.2 | 1.1 | 0.7 | 91.3% |
| Finland | 1.0 | 0.6 | 0.4 | 0.7 | -11.2% |
| Latvia | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| Dominican Republic | 0.4 | 0.1 | 0.5 | 0.4 | 0.0% |
| Others | 12.0 | 16.1 | 18.8 | 6.7 | -17.7% |
| Total | 24.3 | 26.3 | 34.6 | 30.4 | 7.8% |
Top Export Markets for Baking Soda from Russia in 2022:
- Ukraine (21.8K tons)
- Belgium (17.3K tons)
- Kazakhstan (15.7K tons)
- Hungary (14.0K tons)
- Cyprus (8.3K tons)
- Poland (5.8K tons)
- Colombia (5.7K tons)
- Finland (4.8K tons)
- South Africa (4.3K tons)
- Peru (3.1K tons)
- Latvia (2.9K tons)
- Vietnam (2.5K tons)
- Dominican Republic (2.5K tons)
Baking Soda Imports in Russia
In 2022, approx. 15K tons of baking soda were imported into Russia; rising by 36% compared with 2021. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 409%. As a result, imports reached the peak of 33K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, baking soda imports expanded rapidly to $16M in 2022. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 410% against the previous year. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Baking Soda in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.3 | 4.7 | 3.5 | 6.2 | 68.3% |
| Armenia | 0.3 | 1.9 | 1.5 | 5.4 | 162.1% |
| Turkey | 1.0 | 7.0 | 1.8 | 2.5 | 35.7% |
| Czech Republic | 0.3 | 0.8 | 0.5 | 0.6 | 26.0% |
| Egypt | N/A | N/A | N/A | 0.3 | 0% |
| China | 0.1 | 1.1 | 0.1 | N/A | 0.0% |
| Others | 0.5 | 1.7 | 7.2 | 1.0 | 26.0% |
| Total | 3.4 | 17.3 | 14.6 | 15.9 | 67.2% |
Top Suppliers of Baking Soda to Russia in 2022:
- Turkey (10.7K tons)
- Poland (2.5K tons)
- Czech Republic (0.6K tons)
- Egypt (0.5K tons)
- Armenia (0.4K tons)
This report provides an in-depth analysis of the baking soda market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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
-
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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