Thailand - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Thailand - 2023
Contents:
- Baking Soda Price in Thailand (FOB) - 2023
- Baking Soda Price in Thailand (CIF) - 2022
- Baking Soda Exports in Thailand
- Baking Soda Imports in Thailand
Baking Soda Price in Thailand (FOB) - 2023
The average baking soda export price stood at $442 per ton in September 2023, surging by 3.1% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 21% m-o-m. As a result, the export price attained the peak level of $622 per ton. From May 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was India ($654 per ton), while the average price for exports to Japan ($356 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Baking Soda Price in Thailand (CIF) - 2022
The average baking soda import price stood at $440 per ton in 2022, with an increase of 46% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, baking soda import price increased by +84.5% against 2020 indices. 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 the United States ($864 per ton), while the price for China ($399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+36.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Baking Soda Exports in Thailand
In 2022, the amount of baking soda exported from Thailand rose to 72K tons, growing by 1.6% against the previous year. The total export volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports reached the peak of 76K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, baking soda exports skyrocketed to $31M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Baking Soda in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 11.9 | 15.1 | 18.7 | 31.1% |
| Indonesia | 1.6 | 1.3 | 2.1 | 2.8 | 20.5% |
| Vietnam | 7.0 | 4.6 | 3.4 | 2.8 | -26.3% |
| Japan | 1.4 | 1.7 | 2.4 | 1.9 | 10.7% |
| Malaysia | 1.1 | 0.9 | 0.6 | 1.1 | 0.0% |
| South Korea | 0.3 | 0.7 | 0.5 | 1.0 | 49.4% |
| India | 1.4 | 1.0 | 0.7 | 0.9 | -13.7% |
| Others | 4.1 | 3.3 | 1.4 | 1.9 | -22.6% |
| Total | 25.2 | 25.4 | 26.0 | 31.2 | 7.4% |
Top Export Markets for Baking Soda from Thailand in 2022:
- China (45.3K tons)
- Vietnam (6.2K tons)
- Indonesia (5.7K tons)
- Japan (5.0K tons)
- Malaysia (2.2K tons)
- India (2.1K tons)
- South Korea (2.1K tons)
Baking Soda Imports in Thailand
In 2022, purchases abroad of baking soda decreased by -2.6% to 51K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. As a result, imports reached the peak of 58K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, baking soda imports skyrocketed to $23M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.3% 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 +63.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Baking Soda in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.6 | 10.7 | 10.6 | 15.9 | 14.5% |
| Turkey | 0.6 | 0.5 | 1.5 | 1.7 | 41.5% |
| United Kingdom | 0.5 | 1.0 | 1.1 | 1.3 | 37.5% |
| United States | 0.6 | 0.5 | 0.9 | 0.8 | 10.1% |
| Singapore | 0.1 | 0.2 | 0.1 | 0.6 | 81.7% |
| Bulgaria | N/A | N/A | 0.2 | 0.5 | 150.0% |
| Others | 1.5 | 0.9 | 1.4 | 1.7 | 4.3% |
| Total | 14.0 | 13.8 | 15.8 | 22.5 | 17.1% |
Top Suppliers of Baking Soda to Thailand in 2022:
- China (39.9K tons)
- Turkey (3.8K tons)
- United Kingdom (2.7K tons)
- Singapore (1.0K tons)
- United States (0.9K tons)
- Bulgaria (0.9K tons)
This report provides an in-depth analysis of the baking soda market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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