Germany: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Germany

The German prepared baking powder market skyrocketed to $X in 2022, with an increase of 21% against the previous year. Over the period under review, consumption saw a moderate expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Prepared Baking Powder Production in Germany

In value terms, prepared baking powder production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -2.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Prepared Baking Powder Exports

Exports from Germany

In 2022, shipments abroad of prepared baking powders decreased by -17.2% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 29% against the previous year. The exports 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 fell remarkably to $X in 2022. The total export value increased at an average annual rate of +1.1% 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 33%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X tons), France (X tons) and Belgium (X tons) were the main destinations of prepared baking powder exports from Germany, with a combined 45% share of total exports. The Netherlands, Switzerland, Poland, Italy, Spain, Denmark and Hungary lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +9.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared baking powder exported from Germany were Austria ($X), France ($X) and Switzerland ($X), together comprising 42% of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +9.9%, 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

In 2022, the average prepared baking powder export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 9%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Denmark ($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 Poland (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Germany

In 2022, approx. X tons of prepared baking powders were imported into Germany; dropping by -15.1% on the year before. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 127% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, prepared baking powder imports fell to $X in 2022. Overall, imports, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2020 with an increase of 105%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Austria (X tons), Poland (X tons) and France (X tons) were the main suppliers of prepared baking powder imports to Germany, with a combined 64% share of total imports. The Netherlands, Italy, Russia, the Czech Republic, China, Spain, Hungary, Turkey, the UK and Belgium lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +161.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Austria ($X) and France ($X) appeared to be the largest prepared baking powder suppliers to Germany, together accounting for 64% of total imports. The Netherlands, the Czech Republic, Italy, Hungary, Spain, Russia, China, Turkey, the UK and Belgium lagged somewhat behind, together accounting for a further 29%.

Among the main suppliers, Spain, with a CAGR of +127.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, growing by 5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2013 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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