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Turkey - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Turkey - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights

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Apr 25, 2023

Price of Baking Soda in Turkey Modestly Drops to $370 per Ton

Turkey Baking Soda Export Price in January 2023

In January 2023, the baking soda price stood at $370 per ton (FOB, Turkey), waning by -6.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.6%. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 19% month-to-month. Over the period under review, the average export prices attained the maximum at $406 per ton in October 2022; however, from November 2022 to January 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($468 per ton), while the average price for exports to South Korea ($276 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYJan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
Export Price of Baking Soda in Turkey (USD per ton)
France242282301349284359369377381424446393468
Egypt288320332333384407423438310N/A461N/A431
Poland285286277343345341377378370371382396395
Belgium236259284307331343332324381398414384385
Spain230248237280304314299316370368373371378
Italy170274234279350277305375342315304412372
Israel255275284355352352406407422435436427335
Netherlands242239256287272288301300368355383N/A318
IndiaN/A285285N/A360N/AN/A400420420N/AN/A305
Indonesia253267295328325333400405N/A426323318303
South Korea193260196305308302N/AN/AN/AN/A330330276
Portugal229256261315275319301287370376392377N/A
Average243277274326334353366372384406401396370

Turkey Baking Soda Exports

In January 2023, baking soda exports from Turkey soared to 33K tons, rising by 28% on December 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when exports increased by 56% against the previous month.

In value terms, baking soda exports surged to $12M (IndexBox estimates) in January 2023. Overall, total exports indicated a notable increase from January 2022 to January 2023: its value increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, exports increased by +30.1% against October 2022 indices. The most prominent rate of growth was recorded in June 2022 with an increase of 65% against the previous month. As a result, the exports attained the peak of $18M. From July 2022 to January 2023, the growth of the exports remained at a somewhat lower figure.

Turkey Baking Soda Exports by Country

Italy (7.8K tons), Belgium (5.5K tons) and the Netherlands (5K tons) were the main destinations of baking soda exports from Turkey, together accounting for 55% of total exports. These countries were followed by South Korea, Poland, Spain, Egypt, India, France, Israel and Indonesia, which together accounted for a further 32%.

From January 2022 to January 2023, the biggest increases were in Poland (with a CAGR of +12.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($2.9M), Belgium ($2.1M) and the Netherlands ($1.6M) were the largest markets for baking soda exported from Turkey worldwide, together accounting for 54% of total exports.

In terms of the main countries of destination, Italy, with a CAGR of +19.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the baking soda market in Turkey. 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:

  • Turkey

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Turkey
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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