Germany: Baking Soda Market 2024

Baking Soda Market Size in Germany

The German baking soda market soared to $X in 2022, growing by X% against the previous year. Over the period under review, the total consumption indicated a buoyant increase 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Baking Soda Production in Germany

In value terms, baking soda production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Baking Soda Exports

Exports from Germany

In 2022, the amount of baking soda exported from Germany fell sharply to X tons, shrinking by X% against 2021. Overall, exports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell remarkably in the following year.

In value terms, baking soda exports fell notably to $X in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Denmark (X tons), France (X tons) and Poland (X tons) were the main destinations of baking soda exports from Germany, with a combined X% share of total exports. China, the Netherlands, Italy, the United States, Belgium, Austria, the Czech Republic, Hungary, Brazil and Switzerland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for baking soda exported from Germany were France ($X), Denmark ($X) and the United States ($X), with a combined X% share of total exports. Poland, China, Italy, the Netherlands, Austria, Belgium, Switzerland, Brazil, the Czech Republic and Hungary lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average baking soda export price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($X 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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Baking Soda Imports

Imports into Germany

In 2022, approx. X tons of baking soda were imported into Germany; rising by X% against the year before. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, baking soda imports skyrocketed to $X in 2022. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), France (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of baking soda imports to Germany, together accounting for X% of total imports. Italy, the Netherlands, Poland, Luxembourg and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of baking soda to Germany, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Bosnia and Herzegovina, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Bosnia and Herzegovina (X% per year).

Import Prices by Country

In 2022, the average baking soda import price amounted to $X per ton, jumping 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.

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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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