Pakistan: Baking Soda Market 2024

Baking Soda Market Size in Pakistan

In 2021, after three years of growth, there was decline in the Pakistani baking soda market, when its value decreased by -4.6% to $X. Overall, consumption, however, enjoyed a resilient expansion. Baking soda consumption peaked at $X in 2020, and then fell slightly in the following year.

Baking Soda Production in Pakistan

In value terms, baking soda production fell slightly to $X in 2021 estimated in export price. Overall, production, however, posted resilient growth. The growth pace was the most rapid in 2016 with an increase of 53% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Baking Soda Exports

Exports from Pakistan

Baking soda exports from Pakistan contracted notably to X tons in 2021, waning by -36% on the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 108% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, baking soda exports fell rapidly to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 123% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for baking soda exports from Pakistan, accounting for a 82% share of total exports. Moreover, baking soda exports to Afghanistan exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Afghanistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Nepal (-65.6% per year).

In value terms, Afghanistan ($X) remains the key foreign market for baking soda exports from Pakistan, comprising 80% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Afghanistan totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (0.0% per year) and Nepal (-58.6% per year).

Export Prices by Country

In 2021, the average baking soda export price amounted to $X per ton, rising by 4.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Nepal ($X per ton), while the average price for exports to Afghanistan ($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 Nepal (+20.6%), while the prices for the other major destinations experienced mixed trend patterns.

Baking Soda Imports

Imports into Pakistan

In 2021, overseas purchases of baking soda increased by 9.2% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 39% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, baking soda imports expanded rapidly to $X in 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.8% against 2019 indices. The growth pace was the most rapid in 2016 when imports increased by 34%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) constituted the largest baking soda supplier to Pakistan, accounting for a 46% share of total imports. Moreover, baking soda imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.3% per year) and Italy (+48.5% per year).

In value terms, the UK ($X) constituted the largest supplier of baking soda to Pakistan, comprising 49% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and Italy (+37.5% per year).

Import Prices by Country

The average baking soda import price stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the import price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 74%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+48.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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