MENA: Baking Soda Market 2024

Baking Soda Market Size in MENA

In 2022, the MENA's baking soda market decreased by X% to $X, falling for the second year in a row after two years of growth. The total consumption indicated a pronounced 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Baking Soda Production in MENA

In value terms, baking soda production declined notably to $X in 2022 estimated in export price. In general, production recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Baking Soda Exports

Exports in MENA

In 2022, baking soda exports in MENA expanded markedly to X tons, growing by X% against the year before. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, baking soda exports soared to $X in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Iran (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the baking soda exports, with a CAGR of X% from 2012 to 2022. At the same time, Iran (X%) displayed positive paces of growth. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Iran saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest baking soda supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%).

Baking Soda Imports

Imports in MENA

In 2022, purchases abroad of baking soda increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 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 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, baking soda imports surged to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Egypt (X tons), followed by Israel (X tons), Morocco (X tons), the United Arab Emirates (X tons), Algeria (X tons), Libya (X tons), Tunisia (X tons) and Turkey (X tons) represented the key importers of baking soda, together committing X% of total imports.

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

In value terms, Egypt ($X), Israel ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. The United Arab Emirates, Turkey, Algeria, Tunisia and Libya lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Libya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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