Southern Asia: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Southern Asia

The South Asian prepared baking powder market expanded slightly to $X in 2022, picking up by 1.7% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.3% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in Southern Asia

In value terms, prepared baking powder production stood at $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Prepared Baking Powder Exports

Exports in Southern Asia

In 2022, shipments abroad of prepared baking powders increased by 31% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports showed mild growth. The pace of growth appeared the most rapid in 2017 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, prepared baking powder exports skyrocketed to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.8% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) represented roughly 97% of total exports in 2022.

India experienced a relatively flat trend pattern with regard to volume of exports of prepared baking powders. While the share of India (-1.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest prepared baking powder supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +1.5%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, waning by -11.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.7% per year.

Prepared Baking Powder Imports

Imports in Southern Asia

In 2022, imports of prepared baking powders in Southern Asia fell to X tons, which is down by -9% compared with 2021 figures. Over the period under review, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 52% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, prepared baking powder imports reduced to $X in 2022. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 93% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Bangladesh represented the main importer of prepared baking powders in Southern Asia, with the volume of imports accounting for X tons, which was near 60% of total imports in 2022. Nepal (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (8.4%) and Maldives (8.3%). Bhutan (X tons) and Afghanistan (X tons) held a relatively small share of total imports.

Bangladesh was also the fastest-growing in terms of the prepared baking powders imports, with a CAGR of +21.6% from 2012 to 2022. At the same time, Nepal (+10.8%), Bhutan (+9.0%), Pakistan (+7.4%) and Maldives (+5.7%) displayed positive paces of growth. Afghanistan experienced a relatively flat trend pattern. While the share of Bangladesh (+30 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nepal (-4.8 p.p.), Afghanistan (-5.3 p.p.), Pakistan (-6.3 p.p.) and Maldives (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported prepared baking powders in Southern Asia, comprising 59% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 20% share of total imports. It was followed by Maldives, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Bangladesh amounted to +34.3%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+8.7% per year) and Maldives (+6.4% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, which is down by -4% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2015 when the import price increased by 27%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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