Europe: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Europe

In 2022, the Europe prepared baking powder market decreased by -5.5% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Prepared Baking Powder Production in Europe

In value terms, prepared baking powder production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% 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 2016 when the production volume increased by 13% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

Prepared Baking Powder Exports

Exports in Europe

In 2022, prepared baking powder exports in Europe stood at X tons, picking up by 6.6% on the previous year. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when exports increased by 11% against the previous year. The volume of export peaked 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 skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Germany (X tons), Poland (X tons) and Malta (X tons) represented the key exporter of prepared baking powders in Europe, mixing up 48% of total export. Spain (X tons) held a 6.2% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (5.9%), Hungary (5.6%) and Latvia (4.8%). The following exporters - Russia (X tons), France (X tons), the Czech Republic (X tons), Sweden (X tons), Austria (X tons) and the UK (X tons) - together made up 17% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +7.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Malta ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, with a combined 50% share of total exports.

Poland, with a CAGR of +8.6%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in Europe amounted to $X per ton, picking up by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 when the export price increased by 14%. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malta ($X per ton), while Russia ($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 UK (+3.3%), while the other leaders experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports in Europe

In 2022, purchases abroad of prepared baking powders decreased by -12.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, prepared baking powder imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.6% 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 appeared the most rapid in 2020 with an increase of 32% against the previous year. 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), the UK (X tons), Ukraine (X tons), Austria (X tons), France (X tons) and Sweden (X tons) represented the major importers of prepared baking powders, together generating 57% of total imports. Italy (X tons), Belgium (X tons), Portugal (X tons), Denmark (X tons), Norway (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +16.2%), while purchases 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 accounting for 29% of total imports. Italy, Austria, the UK, Ukraine, Sweden, Portugal, Belgium, Norway, Denmark and Russia lagged somewhat behind, together accounting for a further 43%.

Norway, with a CAGR of +18.9%, recorded the highest rates of growth with regard to 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 Europe amounted to $X per ton, picking up by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 when the import price increased by 10%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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 ($X per ton), while Russia ($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