Israel: Baking Soda Market 2024

Baking Soda Market Size in Israel

In 2021, the Israeli baking soda market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Baking Soda Exports

Exports from Israel

In 2021, exports of baking soda from Israel amounted to X tons, remaining stable against the year before. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2013 when exports increased by 782% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, baking soda exports amounted to $X in 2021. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 550%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for baking soda exports from Israel, with a 81% share of total exports. Moreover, baking soda exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Germany (0.0% per year).

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Germany (0.0% per year).

Export Prices by Country

The average baking soda export price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the export price posted a measured expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 224% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Equatorial Guinea (+41.8%), while the prices for the other major destinations experienced more modest paces of growth.

Baking Soda Imports

Imports into Israel

In 2021, after two years of decline, there was significant growth in overseas purchases of baking soda, when their volume increased by 18% to X tons. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 35%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, baking soda imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of baking soda to Israel, with a 58% share of total imports. Moreover, baking soda imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+65.0% per year) and Italy (+12.4% per year).

In value terms, Turkey ($X) constituted the largest supplier of baking soda to Israel, comprising 58% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+63.8% per year) and Italy (+11.5% per year).

Import Prices by Country

The average baking soda import price stood at $X per ton in 2021, with an increase of 2.2% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Bulgaria ($X per ton), while the price for China ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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