SADC: Baking Soda Market 2024

Baking Soda Market Size in SADC

The SADC baking soda market rose markedly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a prominent 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 increased by X% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Baking Soda Production in SADC

In value terms, baking soda production expanded modestly to $X in 2022 estimated in export price. In general, production showed strong growth. The growth pace was the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Baking Soda Exports

Exports in SADC

In 2022, exports of baking soda in SADC declined to X tons, waning by X% against the previous year. Over the period under review, exports showed a abrupt descent. 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 maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, baking soda exports rose to $X in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. Swaziland (X tons) ranks second in terms of the total exports with a X% share, followed by Namibia (X%). Tanzania (X tons) took a little share of total exports.

South Africa 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, Tanzania (X%) and Namibia (X%) displayed positive paces of growth. By contrast, Swaziland (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Namibia (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while Swaziland saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Swaziland ($X), South Africa ($X) and Namibia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, saw a deep reduction. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced a decline in the export price figures.

Baking Soda Imports

Imports in SADC

Baking soda imports surged to X tons in 2022, growing by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a pronounced downturn. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, baking soda imports soared to $X in 2022. In general, imports, however, recorded a pronounced reduction. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. Democratic Republic of the Congo (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Namibia (X%). Tanzania (X tons), Madagascar (X tons), Zimbabwe (X tons), Zambia (X tons) and Botswana (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to baking soda imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Botswana (X%), Zambia (X%), Madagascar (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Tanzania (X%) and Namibia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Democratic Republic of the Congo, Madagascar, Zambia and Zimbabwe increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported baking soda in SADC, comprising X% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Zimbabwe (X% per year) and Namibia (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price continues to indicate a mild descent. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Zimbabwe ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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