Report Update Nov 1, 2024

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

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Myanmar: Baking Soda Market 2024

Baking Soda Market Size in Myanmar

For the fourth year in a row, the Myanmar's baking soda market recorded decline in sales value, which decreased by -1.4% to $X in 2021. Overall, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Baking Soda Production in Myanmar

In value terms, baking soda production contracted slightly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 34%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Baking Soda Exports

Exports from Myanmar

In 2021, the amount of baking soda exported from Myanmar shrank to X kg, with a decrease of -11.2% on 2020. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 35,340% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, baking soda exports reached $X in 2021. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2016 with an increase of 45,300%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X kg) was the main destination for baking soda exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Thailand stood at +70.3%.

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

From 2012 to 2021, the average annual growth rate of value to Thailand totaled +71.7%.

Export Prices by Country

In 2021, the average baking soda export price amounted to $X per ton, increasing by 13% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 70% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +0.8% per year.

Baking Soda Imports

Imports into Myanmar

In 2021, supplies from abroad of baking soda decreased by -13.7% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 257%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, baking soda imports declined notably to $X in 2021. Over the period under review, imports, however, showed a notable expansion. The pace of growth was the most pronounced in 2014 when imports increased by 259% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of baking soda to Myanmar, with a 64% share of total imports. Moreover, baking soda imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), sixfold. The third position in this ranking was held by India (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.4% per year) and India (+18.2% per year).

In value terms, China ($X) constituted the largest supplier of baking soda to Myanmar, comprising 54% of total imports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+7.0% per year) and India (+11.9% per year).

Import Prices by Country

In 2021, the average baking soda import price amounted to $X per ton, falling by -6.8% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 3.8% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Thailand ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.5%), 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. These countries were followed by Japan, Pakistan, Brazil, Russia, France, Italy, Mexico, the UK, Germany and South Korea, which together accounted 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. India ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of baking soda to Myanmar?

In value terms, China constituted the largest supplier of baking soda to Myanmar, comprising 69% of total imports. The second position in the ranking was occupied by Thailand, with a 22% share of total imports.

What are the leading importers of baking soda from Myanmar?

In value terms, Thailand remains the key foreign market for baking soda exports from Myanmar.

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

In 2021, the average baking soda export price amounted to $1,109 per ton, remaining stable against the previous year.

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

The average baking soda import price stood at $260 per ton in 2021, growing by 5% against the previous year.

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

Myanmar

Data coverage:

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