Report Update May 1, 2025

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

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Greece: Baking Soda Market 2025

Baking Soda Market Size in Greece

For the sixth consecutive year, the Greek baking soda market recorded growth in sales value, which increased by 0.1% to $X in 2021. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +82.3% against 2015 indices. Baking soda consumption peaked in 2021 and is expected to retain growth in years to come.

Baking Soda Exports

Exports from Greece

After five years of growth, shipments abroad of baking soda decreased by -13.8% to X tons in 2021. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 290% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then fell in the following year.

In value terms, baking soda exports totaled $X in 2021. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 238%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Cyprus (X tons), Romania (X tons) and North Macedonia (X tons) were the main destinations of baking soda exports from Greece, together comprising 94% of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +103.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X) remains the key foreign market for baking soda exports from Greece, comprising 43% of total exports. The second position in the ranking was taken by Romania ($X), with a 22% share of total exports. It was followed by North Macedonia, with a 20% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus totaled +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+77.9% per year) and North Macedonia (+20.8% per year).

Export Prices by Country

The average baking soda export price stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania ($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 North Macedonia (-0.9%), while the prices for the other major destinations experienced a decline.

Baking Soda Imports

Imports into Greece

In 2021, after five years of growth, there was decline in supplies from abroad of baking soda, when their volume decreased by -0.1% to X tons. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, baking soda imports dropped slightly to $X in 2021. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 28%. Imports peaked at $X in 2020, and then declined modestly in the following year.

Imports by Country

Turkey (X tons), Bulgaria (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of baking soda imports to Greece, together comprising 55% of total imports. Russia, Belgium, Germany, the UK and Italy lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +130.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Bulgaria ($X) appeared to be the largest baking soda suppliers to Greece, together accounting for 44% of total imports. Belgium, Bosnia and Herzegovina, Germany, the UK and Russia lagged somewhat behind, together comprising a further 48%.

Russia, with a CAGR of +97.7%, saw the highest growth rate of 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, flattening at the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 Italy ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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, together accounting for 41% of global consumption. Japan, Pakistan, Brazil, Russia, France, Italy, Mexico, the UK, Germany and South Korea lagged somewhat behind, together accounting for a further 33%.

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

China remains the largest baking soda producing country worldwide, comprising approx. 27% of total volume. Moreover, baking soda production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the leading suppliers of baking soda to Greece?

In value terms, the largest baking soda suppliers to Greece were Turkey, Italy and Bulgaria, together accounting for 44% of total imports. Bosnia and Herzegovina, Belgium, Germany, the UK and Russia lagged somewhat behind, together accounting for a further 48%.

What are the leading importers of baking soda from Greece?

In value terms, Cyprus remains the key foreign market for baking soda exports from Greece, comprising 42% of total exports. The second position in the ranking was occupied by Romania, with a 21% share of total exports. It was followed by North Macedonia, with a 20% share.

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

In 2021, the average baking soda export price amounted to $464 per ton, rising by 22% against the previous year.

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

The average baking soda import price stood at $412 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the baking soda market in Greece. 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:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024