Report Update Nov 1, 2024

Ghana - Baking Soda - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Baking Soda Market 2024

Baking Soda Market Size in Ghana

After three years of decline, the Ghanian baking soda market increased by 69% to $X in 2021. Overall, consumption continues to indicate a perceptible increase. Baking soda consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Baking Soda Exports

Exports from Ghana

In 2021, after two years of decline, there was significant growth in shipments abroad of baking soda, when their volume increased by 2,757% to X tons. Over the period under review, exports posted a temperate increase. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, baking soda exports soared to $X in 2021. Overall, exports, however, recorded a abrupt setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) was the main destination for baking soda exports from Ghana, with a 83% share of total exports. Moreover, baking soda exports to Burkina Faso exceeded the volume sent to the second major destination, Togo (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso totaled +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (-40.8% per year) and Cote d'Ivoire (+4.9% per year).

In value terms, Togo ($X), Burkina Faso ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for baking soda exported from Ghana worldwide.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of +7.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average baking soda export price amounted to $X per ton, increasing by 32% against the previous year. Overall, the export price, however, showed a abrupt decline. The growth pace was the most rapid in 2016 an increase of 136%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Cote d'Ivoire ($X per ton), while the average price for exports to Burkina Faso ($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 Togo (+44.7%), while the prices for the other major destinations experienced mixed trend patterns.

Baking Soda Imports

Imports into Ghana

In 2021, purchases abroad of baking soda increased by 46% to X tons, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 117%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, baking soda imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 138%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest baking soda supplier to Ghana, with a 43% share of total imports. Moreover, baking soda imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. The third position in this ranking was held by Spain (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+8.8% per year) and Spain (+66.8% per year).

In value terms, China ($X) constituted the largest supplier of baking soda to Ghana, comprising 40% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+19.6% per year) and Spain (+25.2% per year).

Import Prices by Country

The average baking soda import price stood at $X per ton in 2021, increasing by 29% against the previous year. Overall, the import price, however, recorded a deep slump. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+20.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for baking soda in the world?

The countries with the highest volumes of baking soda consumption in 2021 were China, the United States and India, with a combined 41% share of global consumption. Japan, Pakistan, Brazil, Russia, France, Italy, Mexico, the UK, Germany and South Korea lagged somewhat behind, together comprising a further 33%.

What are the largest producers of baking soda in the world?

The country with the largest volume of baking soda production was China, accounting for 27% of total volume. Moreover, baking soda production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of baking soda to Ghana?

In value terms, China constituted the largest supplier of baking soda to Ghana, comprising 41% of total imports. The second position in the ranking was occupied by Turkey, with an 11% share of total imports. It was followed by Spain, with a 10% share.

What are the leading importers of baking soda from Ghana?

In value terms, Cote d'Ivoire $535) remains the key foreign market for baking soda exports from Ghana, comprising 68% of total exports. The second position in the ranking was occupied by Burkina Faso $247), with a 32% share of total exports.

What is the average export price for baking soda in Ghana?

The average baking soda export price stood at $410 per ton in 2021, picking up by 18% against the previous year.

What is the average import price for baking soda in Ghana?

In 2021, the average baking soda import price amounted to $262 per ton, surging by 4.1% against the previous year.

This report provides an in-depth analysis of the baking soda market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20134320 - Sodium hydrogencarbonate (sodium bicarbonate)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023