Poland: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Poland

In 2022, the Polish prepared baking powder market increased by 1.1% to $X, rising for the third consecutive year after three years of decline. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.3% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Prepared Baking Powder Production in Poland

In value terms, prepared baking powder production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 28% against the previous year. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Prepared Baking Powder Exports

Exports from Poland

In 2022, approx. X tons of prepared baking powders were exported from Poland; falling by -3.8% on the previous year. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 77%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, prepared baking powder exports rose modestly to $X in 2022. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 56% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons) was the main destination for prepared baking powder exports from Poland, accounting for a 39% share of total exports. Moreover, prepared baking powder exports to Ukraine exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Algeria (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Ukraine stood at +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+24.1% per year) and Algeria (-34.4% per year).

In value terms, Ukraine ($X), Germany ($X) and Algeria ($X) appeared to be the largest markets for prepared baking powder exported from Poland worldwide, together comprising 54% of total exports.

Germany, with a CAGR of +34.3%, 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 more modest paces of growth.

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, surging by 7.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 26%. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Poland

In 2022, supplies from abroad of prepared baking powders increased by 7.6% to X tons, rising for the third consecutive year after two years of decline. In general, imports enjoyed a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 146%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, prepared baking powder imports stood at $X in 2022. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 168%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) was the main prepared baking powder supplier to Poland, with a 94% share of total imports. It was followed by the UK (X tons), with a 2.1% share of total imports. The third position in this ranking was held by France (X tons), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+31.0% per year) and France (-6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared baking powders to Poland, comprising 91% of total imports. The second position in the ranking was held by France ($X), with a 3% share of total imports. It was followed by the UK, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-2.1% per year) and the UK (+35.1% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, surging by 1.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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