Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Iraq: Baking Soda Market 2024

Baking Soda Market Size in Iraq

The Iraqi baking soda market soared to $X in 2021, growing by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a significant increase. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in years to come.

Baking Soda Exports

Exports from Iraq

In 2021, overseas shipments of baking soda increased by 99% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,834%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, baking soda exports surged to $X in 2021. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 3,371% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkey (X tons) was the main destination for baking soda exports from Iraq, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +40.3%.

In value terms, Turkey ($X) also remains the key foreign market for baking soda exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey amounted to +38.5%.

Export Prices by Country

The average baking soda export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2018 an increase of 14%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -1.3% per year.

Baking Soda Imports

Imports into Iraq

In 2021, approx. X tons of baking soda were imported into Iraq; increasing by 45% on the year before. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2015 when imports increased by 530% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, baking soda imports soared to $X in 2021. Overall, imports recorded significant growth. The growth pace was the most rapid in 2015 with an increase of 610%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest baking soda supplier to Iraq, accounting for a 84% share of total imports. Moreover, baking soda imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+95.4% per year) and China (+43.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of baking soda to Iraq, comprising 94% of total imports. The second position in the ranking was held by Iran ($X), with a 3.5% share of total imports. It was followed by China, with a 1% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +53.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+68.0% per year) and China (+54.0% per year).

Import Prices by Country

The average baking soda import price stood at $X per ton in 2021, reducing by -17.2% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, baking soda import price increased by +60.2% against 2012 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton, and then fell significantly in the following year.

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 China ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.4%), 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, 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?

China remains the largest baking soda producing country worldwide, 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. The third position in this ranking was occupied by India, with a 7.9% share.

What are the leading suppliers of baking soda to Iraq?

In value terms, Turkey constituted the largest supplier of baking soda to Iraq.

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

The average baking soda export price stood at $1,376 per ton in 2021, approximately mirroring the previous year.

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

The average baking soda import price stood at $403 per ton in 2021, waning by -16.2% against the previous year.

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

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
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