Algeria: Baking Soda Market 2024

Baking Soda Market Size in Algeria

In 2021, the Algerian baking soda market increased by 18% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Baking Soda Exports

Exports from Algeria

In 2021, overseas shipments of baking soda increased by 6.2% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 993% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, baking soda exports amounted to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 982% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for baking soda exports from Algeria, accounting for a 52% share of total exports. Moreover, baking soda exports to Poland exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), threefold. Mali (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (-8.6% per year) and Mali (-6.9% per year).

In value terms, the largest markets for baking soda exported from Algeria were Senegal ($X), Poland ($X) and Mali ($X), with a combined 81% share of total exports.

Among the main countries of destination, Senegal, with a CAGR of +34.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average baking soda export price amounted to $X per ton, leveling off at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 20%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Baking Soda Imports

Imports into Algeria

In 2021, overseas purchases of baking soda increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 36%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, baking soda imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 23% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest baking soda supplier to Algeria, accounting for a 40% share of total imports. Moreover, baking soda imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.3% per year) and Turkey (+17.1% per year).

In value terms, the largest baking soda suppliers to Algeria were Italy ($X), Germany ($X) and Turkey ($X), with a combined 63% share of total imports. Bulgaria, China, Spain, Russia and France lagged somewhat behind, together comprising a further 8.3%.

In terms of the main suppliers, Spain, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average baking soda import price stood at $X per ton in 2021, surging by 5.2% against the previous year. Overall, the import price, however, showed a mild decrease. The growth pace was the most rapid in 2018 when the average import price increased by 15%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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