Europe: Baking Soda Market 2024

Baking Soda Market Size in Europe

The Europe baking soda market soared to $X in 2022, picking up by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Baking Soda Production in Europe

In value terms, baking soda production expanded sharply to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Baking Soda Exports

Exports in Europe

After five years of growth, shipments abroad of baking soda decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, baking soda exports dropped to $X in 2022. In general, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Germany (X tons), Spain (X tons), France (X tons), the UK (X tons), Russia (X tons), Bulgaria (X tons) and Bosnia and Herzegovina (X tons) was the largest exporter of baking soda in Europe, creating X% of total export. It was distantly followed by Belgium (X tons), comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the UK ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. France, Russia, Bosnia and Herzegovina, Belgium and Bulgaria lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Baking Soda Imports

Imports in Europe

For the third consecutive year, Europe recorded growth in overseas purchases of baking soda, which increased by X% to X tons in 2022. In general, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, baking soda imports soared to $X in 2022. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X tons), followed by the Netherlands (X tons), Italy (X tons), Germany (X tons), Belgium (X tons) and Spain (X tons) were the major importers of baking soda, together creating X% of total imports. Poland (X tons), Ukraine (X tons), Portugal (X tons), Austria (X tons), Denmark (X tons), the Czech Republic (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest baking soda importing markets in Europe were France ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total imports. Italy, Belgium, Spain, Portugal, Ukraine, Poland, Austria, Denmark, the Czech Republic and Hungary lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Denmark ($X per ton), while Poland ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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