Germany: Baking Soda Market 2024

Baking Soda Market Size in Germany

The German baking soda market dropped remarkably to $X in 2021, which is down by -30.3% against the previous year. Overall, consumption saw a noticeable setback. Baking soda consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Baking Soda Production in Germany

In value terms, baking soda production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced modestly in the following year.

Baking Soda Exports

Exports from Germany

In 2021, the amount of baking soda exported from Germany skyrocketed to X tons, jumping by 37% on 2020 figures. Overall, exports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 81% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, baking soda exports surged to $X in 2021. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 73%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Denmark (X tons) and Poland (X tons) were the main destinations of baking soda exports from Germany, together accounting for 58% of total exports. These countries were followed by the Netherlands, France, Belgium, China, Greece, Hungary, Austria, the Czech Republic, Brazil and Sweden, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +70.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for baking soda exported from Germany were Italy ($X), Denmark ($X) and Poland ($X), with a combined 51% share of total exports. These countries were followed by the Netherlands, France, Belgium, China, Greece, Austria, Brazil, the Czech Republic, Hungary and Sweden, which together accounted for a further 31%.

Greece, with a CAGR of +46.6%, recorded 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

The average baking soda export price stood at $X per ton in 2021, falling by -3.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 8.4%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and China ($X per ton), while the average price for exports to Hungary ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Baking Soda Imports

Imports into Germany

Baking soda imports into Germany rose modestly to X tons in 2021, with an increase of 1.8% on the previous year. In general, imports showed prominent growth. The growth pace was the most rapid in 2014 with an increase of 40% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, baking soda imports dropped to $X in 2021. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 37%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), France (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of baking soda imports to Germany, together accounting for 70% of total imports. Poland, Italy, Luxembourg, Spain, the Netherlands and the UK lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +68.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Bosnia and Herzegovina ($X) appeared to be the largest baking soda suppliers to Germany, together accounting for 69% of total imports. These countries were followed by Italy, Poland, Luxembourg, Spain, the Netherlands and the UK, which together accounted for a further 26%.

Luxembourg, with a CAGR of +68.6%, recorded the highest rates of growth with regard to 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 2021, the average baking soda import price amounted to $X per ton, dropping by -1.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 16%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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