South Africa - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in South Africa - 2023
Contents:
- Baking Soda Price in South Africa (CIF) - 2022
- Baking Soda Price in South Africa (FOB) - 2023
- Baking Soda Imports in South Africa
- Baking Soda Exports in South Africa
Baking Soda Price in South Africa (CIF) - 2022
The average baking soda import price stood at $457 per ton in 2022, growing by 8.3% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 23%. Over the period under review, average import prices reached the peak figure at $1,390 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Swaziland ($670 per ton), while the price for Turkey ($321 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+22.6%), while the prices for the other major suppliers experienced a decline.
Baking Soda Price in South Africa (FOB) - 2023
In September 2023, the average baking soda export price amounted to $570 per ton, increasing by 4.8% against the previous month. Overall, the export price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in February 2023 an increase of 23% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,271 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Zimbabwe ($1,131 per ton), while the average price for exports to Mauritius ($304 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+0.5%), while the prices for the other major destinations experienced a decline.
Baking Soda Imports in South Africa
In 2022, the amount of baking soda imported into South Africa surged to 46K tons, jumping by 69% against 2021. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, baking soda imports surged to $21M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Baking Soda in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.5 | 1.5 | 0.9 | 6.7 | 38.9% |
Turkey | 5.0 | 4.9 | 2.7 | 3.4 | -12.1% |
Swaziland | 3.5 | 2.7 | 3.4 | 3.1 | -4.0% |
Italy | 0.9 | 1.9 | 2.5 | 2.3 | 36.7% |
Bulgaria | N/A | N/A | N/A | 1.9 | 0% |
United Kingdom | 0.7 | 0.7 | 0.7 | 0.8 | 4.6% |
Spain | 0.6 | 1.0 | 0.7 | 0.8 | 10.1% |
Others | 1.2 | 1.4 | 0.6 | 2.1 | 20.5% |
Total | 14.4 | 14.1 | 11.6 | 21.2 | 13.8% |
Top Suppliers of Baking Soda to South Africa in 2022:
- China (16.0K tons)
- Turkey (10.6K tons)
- Bulgaria (4.8K tons)
- Italy (4.6K tons)
- Swaziland (4.6K tons)
- United Kingdom (1.7K tons)
- Spain (1.5K tons)
Baking Soda Exports in South Africa
In 2022, shipments abroad of baking soda decreased by -5.5% to 2.9K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 47% against the previous year. As a result, the exports reached the peak of 6.6K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, baking soda exports soared to $2.1M in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 35% against the previous year. As a result, the exports attained the peak of $3.4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Baking Soda in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | 1,309 | 2,409 | 536 | 541 | -25.5% |
Zimbabwe | 341 | 299 | 109 | 507 | 14.1% |
Zambia | 327 | 193 | 243 | 405 | 7.4% |
Malawi | 26.6 | 71.2 | 109 | 211 | 99.4% |
Mozambique | 82.9 | 117 | 204 | 122 | 13.7% |
Namibia | 247 | 209 | 397 | 115 | -22.5% |
Swaziland | 129 | 74.1 | 77.2 | 81.3 | -14.3% |
Others | 89.9 | 64.6 | 115 | 99.0 | 3.3% |
Total | 2,552 | 3,436 | 1,789 | 2,081 | -6.6% |
Top Export Markets for Baking Soda from South Africa in 2022:
- Botswana (1126.3 tons)
- Zimbabwe (501.0 tons)
- Zambia (465.6 tons)
- Malawi (288.5 tons)
- Namibia (201.7 tons)
- Mozambique (147.1 tons)
- Swaziland (104.2 tons)
This report provides an in-depth analysis of the baking soda market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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