Report Update Nov 1, 2024

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

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Portugal: Baking Soda Market 2024

Baking Soda Market Size in Portugal

The Portuguese baking soda market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded a resilient expansion. Baking soda consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Baking Soda Production in Portugal

In value terms, baking soda production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 133%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Baking Soda Exports

Exports from Portugal

For the seventh consecutive year, Portugal recorded growth in overseas shipments of baking soda, which increased by 22% to X tons in 2021. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 198%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, baking soda exports skyrocketed to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 77% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for baking soda exports from Portugal, with a approx. 98% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at +19.7%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +16.2%.

Export Prices by Country

In 2021, the average baking soda export price amounted to $X per ton, rising by 4.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 259%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Morocco amounted to +3.5% per year.

Baking Soda Imports

Imports into Portugal

In 2021, purchases abroad of baking soda was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 290%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, baking soda imports expanded rapidly to $X in 2021. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by 174% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest baking soda supplier to Portugal, with a 79% share of total imports. Moreover, baking soda imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +43.2%.

In value terms, Turkey ($X) constituted the largest supplier of baking soda to Portugal, comprising 53% of total imports. The second position in the ranking was taken by Spain ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +38.9%.

Import Prices by Country

In 2021, the average baking soda import price amounted to $X per ton, with a decrease of -2.5% against the previous year. In general, the import price saw a perceptible slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.4%), while the prices for the other major suppliers experienced a decline.

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, together comprising 41% of global consumption. Japan, Pakistan, Brazil, Russia, France, Italy, Mexico, the UK, Germany and South Korea lagged somewhat behind, together accounting 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 Portugal?

In value terms, Turkey constituted the largest supplier of baking soda to Portugal, comprising 53% of total imports. The second position in the ranking was occupied by Spain, with a 21% share of total imports.

What are the leading importers of baking soda from Portugal?

In value terms, Spain remains the key foreign market for baking soda exports from Portugal.

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

The average baking soda export price stood at $505 per ton in 2021, with an increase of 4.2% against the previous year.

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

In 2021, the average baking soda import price amounted to $295 per ton, falling by -2.8% against the previous year.

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

Portugal

Data coverage:

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