Japan: Baking Soda Market 2024

Baking Soda Market Size in Japan

In 2021, the Japanese baking soda market decreased by -6.6% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption recorded a perceptible decrease. Baking soda consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Baking Soda Production in Japan

In value terms, baking soda production dropped to $X in 2021 estimated in export price. In general, production saw a noticeable contraction. The growth pace was the most rapid in 2020 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Baking Soda Exports

Exports from Japan

In 2021, overseas shipments of baking soda increased by 5.8% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, baking soda exports rose slightly to $X in 2021. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 31% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons), Indonesia (X tons) and Thailand (X tons) were the main destinations of baking soda exports from Japan, together comprising 84% of total exports. These countries were followed by China, South Korea and Hong Kong SAR, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +13.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for baking soda exported from Japan were Taiwan (Chinese) ($X), Indonesia ($X) and Thailand ($X), together accounting for 83% of total exports. These countries were followed by China, South Korea and Hong Kong SAR, which together accounted for a further 14%.

China, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average baking soda export price stood at $X per ton in 2021, which is down by -2.4% against the previous year. In general, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by 2.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and South Korea ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) and Indonesia ($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 Thailand (+2.0%), while the prices for the other major destinations experienced a decline.

Baking Soda Imports

Imports into Japan

In 2021, purchases abroad of baking soda increased by 9.3% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, baking soda imports rose markedly to $X in 2021. Overall, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Singapore (X tons) and Thailand (X tons) were the main suppliers of baking soda imports to Japan, with a combined 85% share of total imports. Italy, Turkey and the United States lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +266.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and Thailand ($X) constituted the largest baking soda suppliers to Japan, together comprising 84% of total imports. These countries were followed by Italy, the United States and Turkey, which together accounted for a further 13%.

Turkey, with a CAGR of +254.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average baking soda import price stood at $X per ton in 2021, rising by 2.7% against the previous year. Over the period under review, the import price, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.5%. The import price peaked at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Turkey ($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 (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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