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Peru - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Peru - 2021
Contents:
- Baking Soda Price in Peru (CIF) - 2021
- Baking Soda Price in Peru (FOB) - 2022
- Baking Soda Imports in Peru
- Baking Soda Exports in Peru
Baking Soda Price in Peru (CIF) - 2021
In April 2020, the average baking soda import price amounted to $406 per ton, waning by -3.2% against the previous month. In general, the import price saw a slight contraction. The pace of growth was the most pronounced in March 2020 when the average import price increased by 22% against the previous month. As a result, import price reached the peak level of $420 per ton, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($566 per ton), while the price for Turkey ($273 per ton) was amongst the lowest.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Spain (+3.3%), while the prices for the other major suppliers experienced a decline.
Baking Soda Price in Peru (FOB) - 2022
The average baking soda export price stood at $623 per ton in 2022, growing by 3.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 11%. The export price peaked at $792 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($628 per ton), while the average price for exports to Ecuador amounted to $503 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-0.3%).
Baking Soda Imports in Peru
In 2022, approx. 18K tons of baking soda were imported into Peru; growing by 8.9% on the previous year's figure. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 34% against the previous year. As a result, imports attained the peak of 19K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, baking soda imports dropped slightly to $5.6M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 28%.
Import of Baking Soda in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,973 | 2,045 | 1,269 | 1,754 | -3.8% |
Russia | 187 | 236 | 902 | 879 | 67.5% |
Spain | 410 | 904 | 526 | 554 | 10.6% |
Germany | 766 | 1,164 | 558 | 429 | -17.6% |
Italy | 157 | 118 | 360 | 350 | 30.6% |
Bulgaria | 204 | 57.5 | 136 | 136 | -12.6% |
Turkey | 369 | 331 | 396 | 69.0 | -42.8% |
Others | 139 | 516 | 1,657 | 1,416 | 116.8% |
Total | 4,204 | 5,372 | 5,803 | 5,587 | 9.9% |
Top Suppliers of Baking Soda to Peru in 2022:
- China (7.1K tons)
- Russia (3.7K tons)
- Spain (1.5K tons)
- Italy (1.2K tons)
- Germany (0.8K tons)
- Bulgaria (0.5K tons)
- Turkey (0.3K tons)
Baking Soda Exports in Peru
After three years of growth, overseas shipments of baking soda decreased by -29.6% to 628 tons in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 145% against the previous year. As a result, the exports attained the peak of 892 tons, and then declined markedly in the following year.
In value terms, baking soda exports contracted rapidly to $391K in 2022. Overall, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by 121% against the previous year. As a result, the exports attained the peak of $539K, and then fell sharply in the following year.
Export of Baking Soda in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bolivia | 197 | 206 | 482 | 359 | 22.1% |
Ecuador | 11.5 | 29.1 | 44.7 | 25.4 | 30.2% |
Others | 30.7 | 9.2 | 11.5 | 6.9 | -39.2% |
Total | 239 | 244 | 539 | 391 | 17.8% |
Top Export Markets for Baking Soda from Peru in 2022:
- Bolivia (571.4 tons)
- Ecuador (50.5 tons)
This report provides an in-depth analysis of the baking soda market in Peru. 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:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- 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
-
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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