Africa: Baking Soda Market 2024

Baking Soda Market Size in Africa

In 2021, after two years of decline, there was growth in the African baking soda market, when its value increased by 2.4% to $X. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Baking Soda Production in Africa

In value terms, baking soda production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Baking Soda Exports

Exports in Africa

After two years of growth, overseas shipments of baking soda decreased by -35.1% to X tons in 2021. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 25% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, baking soda exports contracted to $X in 2021. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 5.6% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) and Swaziland (X tons) prevails in exports structure, together making up 73% of total exports. Senegal (X tons) took the next position in the ranking, followed by Kenya (X tons). All these countries together held approx. 15% share of total exports. Egypt (X tons) and Mauritania (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Africa (with a CAGR of +8.4%), while the other leaders experienced more modest paces of growth.

In value terms, Swaziland ($X) emerged as the largest baking soda supplier in Africa, comprising 55% of total exports. The second position in the ranking was taken by South Africa ($X), with a 27% share of total exports. It was followed by Senegal, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Swaziland totaled -18.5%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (+4.2% per year) and Senegal (+6.0% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2021, picking up by 38% against the previous year. In general, the export price, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2017 when the export price increased by 39% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Swaziland ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kenya (+3.5%), while the other leaders experienced more modest paces of growth.

Baking Soda Imports

Imports in Africa

Baking soda imports fell to X tons in 2021, shrinking by -12.7% on 2020 figures. Over the period under review, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, baking soda imports rose slightly to $X in 2021. In general, imports saw a perceptible downturn. The growth pace was the most rapid in 2018 when imports increased by 17% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X tons) and South Africa (X tons) were the key importers of baking soda in Africa, together accounting for approx. 39% of total imports. Morocco (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Angola (7.6%), Nigeria (6.9%), Kenya (5.6%), Tunisia (5.5%) and Algeria (5.2%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nigeria (with a CAGR of +15.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest baking soda importing markets in Africa were Nigeria ($X), South Africa ($X) and Egypt ($X), with a combined 53% share of total imports.

Nigeria, with a CAGR of +22.8%, recorded the highest growth rate of the value of imports, among 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

In 2021, the import price in Africa amounted to $X per ton, growing by 18% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 24% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :