EU: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in the EU

In 2022, after two years of growth, there was significant decline in the EU prepared baking powder market, when its value decreased by -6.8% to $X. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Prepared Baking Powder Production in the EU

In value terms, prepared baking powder production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 17%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Prepared Baking Powder Exports

Exports in the EU

In 2022, exports of prepared baking powders in the European Union rose markedly to X tons, picking up by 7.3% compared with 2021 figures. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 11% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared baking powder exports surged to $X in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Germany (X tons), Poland (X tons) and Malta (X tons) was the main exporter of prepared baking powders in the European Union, mixing up 53% of total export. Spain (X tons) took a 6.9% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (6.5%), Hungary (6.2%) and Latvia (5.3%). France (X tons), the Czech Republic (X tons), Sweden (X tons), Austria (X tons), Romania (X tons) and Croatia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +18.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared baking powder supplying countries in the European Union were Germany ($X), Malta ($X) and Poland ($X), together accounting for 54% of total exports. Spain, the Netherlands, Latvia, Hungary, France, the Czech Republic, Croatia, Sweden, Romania and Austria lagged somewhat behind, together accounting for a further 38%.

Romania, with a CAGR of +21.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2020 an increase of 15% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malta ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.7%), while the other leaders experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports in the EU

In 2022, supplies from abroad of prepared baking powders decreased by -14% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 32% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, prepared baking powder imports reduced to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons), distantly followed by Germany (X tons), Austria (X tons), France (X tons), Sweden (X tons) and Italy (X tons) were the key importers of prepared baking powders, together making up 63% of total imports. The following importers - Belgium (X tons), Portugal (X tons), Denmark (X tons), Spain (X tons), the Czech Republic (X tons), Luxembourg (X tons) and Ireland (X tons) - together made up 22% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, together comprising 38% of total imports.

Poland, with a CAGR of +15.7%, saw 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 2022, the import price in the European Union amounted to $X per ton, picking up by 8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2018 when the import price increased by 11% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :