U.S.: Baking Soda Market 2024

Baking Soda Market Size in the U.S.

In 2021, after three years of growth, there was decline in the U.S. baking soda market, when its value decreased by -1.5% to $X. In general, consumption enjoyed buoyant growth. Baking soda consumption peaked at $X in 2020, and then dropped slightly in the following year.

Baking Soda Production in the U.S.

In value terms, baking soda production declined slightly to $X in 2021. Over the period under review, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 35%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Baking Soda Exports

Exports from the U.S.

In 2021, overseas shipments of baking soda increased by 4.5% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +12.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 30%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, baking soda exports shrank slightly to $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.8% against 2019 indices. The growth pace was the most rapid in 2014 when exports increased by 20%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for baking soda exports from the United States, accounting for a 49% share of total exports. Moreover, baking soda exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.3% per year) and Taiwan (Chinese) (+14.6% per year).

In value terms, Canada ($X) remains the key foreign market for baking soda exports from the United States, comprising 42% of total exports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total exports. It was followed by Taiwan (Chinese), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.8% per year) and Taiwan (Chinese) (+13.9% per year).

Export Prices by Country

The average baking soda export price stood at $X per ton in 2021, falling by -5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2018 an increase of 11%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Mexico ($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 the Philippines (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Baking Soda Imports

Imports into the U.S.

After two years of growth, supplies from abroad of baking soda decreased by -16.9% to X tons in 2021. Overall, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 56%. Imports peaked at X tons in 2020, and then fell rapidly in the following year.

In value terms, baking soda imports dropped rapidly to $X in 2021. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Imports peaked at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

Germany (X tons), Turkey (X tons) and Mexico (X tons) were the main suppliers of baking soda imports to the United States, with a combined 73% share of total imports. These countries were followed by Spain, China, Sweden and the UK, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +129.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of baking soda to the United States, comprising 47% of total imports. The second position in the ranking was held by Sweden ($X), with a 21% share of total imports. It was followed by Turkey, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-4.9% per year) and Turkey (+83.6% per year).

Import Prices by Country

In 2021, the average baking soda import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Sweden ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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