Austria: Baking Soda Market 2024

Baking Soda Market Size in Austria

The Austrian baking soda market rose remarkably to $X in 2021, surging by 8.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Baking soda consumption peaked in 2021 and is likely to continue growth in years to come.

Baking Soda Exports

Exports from Austria

In 2021, shipments abroad of baking soda decreased by -26.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous decrease. The growth pace was the most rapid in 2019 with an increase of 134%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, baking soda exports contracted to $X in 2021. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 69%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for baking soda exports from Austria, accounting for a 63% share of total exports. Moreover, baking soda exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-2.5% per year) and Slovenia (+40.4% per year).

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

Poland, with a CAGR of +51.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average baking soda export price stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2015 when the average export price increased by 61%. As a result, the export price attained the peak level of $X per ton. From 2016 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 Poland ($X per ton), while the average price for exports to Germany ($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 Slovenia (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Baking Soda Imports

Imports into Austria

In 2021, overseas purchases of baking soda increased by 8.1% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2015 when imports increased by 17% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, baking soda imports rose significantly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 10% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

Bosnia and Herzegovina (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of baking soda imports to Austria, together comprising 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +21.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Bosnia and Herzegovina ($X) and Germany ($X) were the largest baking soda suppliers to Austria, together accounting for 78% of total imports.

Belgium, with a CAGR of +20.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average baking soda import price stood at $X per ton in 2021, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2013 an increase of 12% against the previous year. The import price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :