Egypt: Baking Soda Market 2024

Baking Soda Market Size in Egypt

The Egyptian baking soda market totaled $X in 2021, remaining constant 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). Overall, consumption recorded notable growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Baking Soda Exports

Exports from Egypt

In 2021, shipments abroad of baking soda increased by 78% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 133% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, baking soda exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by 255%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil (X tons), Indonesia (X tons) and Palestine (X tons) were the main destinations of baking soda exports from Egypt, together comprising 56% of total exports.

From 2012 to 2021, the biggest increases were recorded for Palestine (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), South Korea ($X) and Indonesia ($X) were the largest markets for baking soda exported from Egypt worldwide, with a combined 63% share of total exports. Palestine, Senegal, Sudan and Malaysia lagged somewhat behind, together comprising a further 37%.

Palestine, with a CAGR of +16.1%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average baking soda export price amounted to $X per ton, shrinking by -6.2% against the previous year. Over the period under review, the export price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 166%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Sudan ($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 Turkey (+78.6%), while the prices for the other major destinations experienced more modest paces of growth.

Baking Soda Imports

Imports into Egypt

In 2021, approx. X tons of baking soda were imported into Egypt; stabilizing at 2020. Overall, imports saw a perceptible increase. The pace of growth appeared the most rapid in 2017 when imports increased by 680% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, baking soda imports stood at $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 52%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of baking soda to Egypt, accounting for a 60% share of total imports. Moreover, baking soda imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold. The third position in this ranking was taken by Italy (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+53.6% per year) and Italy (0.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of baking soda to Egypt, comprising 60% of total imports. The second position in the ranking was held by Russia ($X), with a 7.5% share of total imports. It was followed by Italy, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+80.0% per year) and Italy (0.0% per year).

Import Prices by Country

The average baking soda import price stood at $X per ton in 2021, surging by 2.2% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by 775%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and China ($X per ton), while the price for Singapore ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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