Slovakia - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Slovakia - 2023
Contents:
- Baking Soda Price in Slovakia (CIF) - 2022
- Baking Soda Price in Slovakia (FOB) - 2022
- Baking Soda Imports in Slovakia
- Baking Soda Exports in Slovakia
Baking Soda Price in Slovakia (CIF) - 2022
The average baking soda import price stood at $542 per ton in 2022, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 an increase of 44%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
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 Poland ($711 per ton), while the price for Bosnia and Herzegovina ($443 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Baking Soda Price in Slovakia (FOB) - 2022
The average baking soda export price stood at $1,519 per ton in 2022, rising by 8.6% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2013 an increase of 133%. The export price peaked at $3,018 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,412 per ton), while the average price for exports to Hungary ($1,463 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 Bosnia and Herzegovina (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Baking Soda Imports in Slovakia
In 2022, overseas purchases of baking soda decreased by -5.5% to 15K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, baking soda imports rose notably to $8.3M in 2022. The total import value increased at an average annual rate of +13.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Baking Soda in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.5 | 2.0 | 2.3 | 2.9 | 79.7% |
| France | N/A | 2.8 | 3.7 | 2.7 | -1.8% |
| Bosnia and Herzegovina | 0.7 | 0.8 | 0.9 | 1.5 | 28.9% |
| Poland | 0.3 | 0.7 | 0.3 | 0.7 | 32.6% |
| Germany | 0.5 | 1.2 | 0.3 | 0.3 | -15.7% |
| United Kingdom | 3.6 | 0.2 | N/A | N/A | -94.4% |
| Others | 0.2 | 0.3 | 0.3 | 0.2 | 0.0% |
| Total | 5.8 | 8.0 | 7.7 | 8.3 | 12.7% |
Top Suppliers of Baking Soda to Slovakia in 2022:
- United Kingdom (undefinedK tons)
- Belgium (5.3K tons)
- France (4.9K tons)
- Bosnia and Herzegovina (3.3K tons)
- Poland (1.0K tons)
- Germany (0.6K tons)
Baking Soda Exports in Slovakia
In 2022, baking soda exports from Slovakia skyrocketed to 236 tons, jumping by 37% against the year before. Overall, exports enjoyed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 91%. As a result, the exports reached the peak of 344 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, baking soda exports skyrocketed to $359K in 2022. Over the period under review, exports saw prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 87%. As a result, the exports reached the peak of $497K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Baking Soda in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 171 | 352 | 104 | 161 | -2.0% |
| Hungary | 52.9 | 58.2 | 60.8 | 82.1 | 15.8% |
| Poland | 26.8 | 50.4 | 39.4 | 67.9 | 36.3% |
| Romania | N/A | 22.9 | 28.3 | 41.7 | 34.9% |
| Germany | 3.5 | 11.4 | 2.9 | 0.2 | -61.5% |
| Others | 10.8 | 1.4 | 5.3 | 5.9 | -18.3% |
| Total | 265 | 497 | 241 | 359 | 10.6% |
Top Export Markets for Baking Soda from Slovakia in 2022:
- Czech Republic (107.2 tons)
- Hungary (56.1 tons)
- Poland (45.7 tons)
- Romania (24.0 tons)
- Germany (0.6 tons)
This report provides an in-depth analysis of the baking soda market in Slovakia. 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:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- 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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