China: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in China

The Chinese prepared baking powder market rose to $X in 2022, with an increase of 4.2% against the previous year. In general, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Prepared Baking Powder Production in China

In value terms, prepared baking powder production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 49%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Prepared Baking Powder Exports

Exports from China

After three years of growth, overseas shipments of prepared baking powders decreased by -24.9% to X tons in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 75%. The exports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, prepared baking powder exports declined to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.9% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 44%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Nigeria (X tons), Japan (X tons) and Angola (X tons) were the main destinations of prepared baking powder exports from China, with a combined 34% share of total exports. Yemen, South Korea, Russia, Malaysia, Cameroon, Mozambique, Ghana, Togo, Liberia and Myanmar lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +43.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared baking powder exported from China were Japan ($X), Nigeria ($X) and South Korea ($X), with a combined 36% share of total exports. Angola, Yemen, Cameroon, Russia, Mozambique, Malaysia, Togo, Ghana, Liberia and Myanmar lagged somewhat behind, together comprising a further 33%.

Among the main countries of destination, Ghana, with a CAGR of +41.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, with an increase of 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into China

In 2022, imports of prepared baking powders into China contracted remarkably to X tons, dropping by -52.6% compared with the year before. In general, imports faced a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 171% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, prepared baking powder imports shrank dramatically to $X in 2022. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 81%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest prepared baking powder supplier to China, accounting for a 45% share of total imports. Moreover, prepared baking powder imports from Turkey exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+34.3% per year) and India (-19.3% per year).

In value terms, Japan ($X), Turkey ($X) and South Korea ($X) constituted the largest prepared baking powder suppliers to China, together accounting for 70% of total imports. The United States, Bulgaria, India, Canada and Malaysia lagged somewhat behind, together accounting for a further 28%.

Bulgaria, with a CAGR of +76.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average prepared baking powder import price amounted to $X per ton, jumping by 42% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 71%. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :