Netherlands: Baking Soda Market 2024

Baking Soda Market Size in the Netherlands

In 2021, the Dutch baking soda market decreased by -2% to $X, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +11.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.3% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Baking Soda Exports

Exports from the Netherlands

In 2021, the amount of baking soda exported from the Netherlands skyrocketed to X tons, with an increase of 78% on 2020 figures. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2015 when exports increased by 101%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, baking soda exports soared to $X in 2021. Over the period under review, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for baking soda exports from the Netherlands, accounting for a 79% share of total exports. Moreover, baking soda exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.5% per year) and France (+28.1% per year).

In value terms, Belgium ($X) remains the key foreign market for baking soda exports from the Netherlands, comprising 59% of total exports. The second position in the ranking was held by France ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+44.7% per year) and Germany (+3.9% per year).

Export Prices by Country

In 2021, the average baking soda export price amounted to $X per ton, surging by 3.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 France (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Baking Soda Imports

Imports into the Netherlands

In 2021, overseas purchases of baking soda were finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.6% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 57%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, baking soda imports rose markedly to $X in 2021. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 61%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of baking soda imports to the Netherlands, with a combined 62% share of total imports. France, Poland, Luxembourg and Spain lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +170.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of baking soda to the Netherlands, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by the UK, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Belgium stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.6% per year) and the UK (+12.7% per year).

Import Prices by Country

In 2021, the average baking soda import price amounted to $X per ton, picking up by 6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2019 an increase of 13%. The import price peaked in 2021 and is expected to retain growth in years to come.

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 Poland ($X per ton), while the price for Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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