Morocco - Baking Soda - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaking Soda Price in Morocco - 2022
Contents:
- Baking Soda Price in Morocco (CIF) - 2022
- Baking Soda Price in Morocco (FOB) - 2022
- Baking Soda Imports in Morocco
- Baking Soda Exports in Morocco
Baking Soda Price in Morocco (CIF) - 2022
In December 2022, the average baking soda import price amounted to $698 per ton, increasing by 17% against the previous month. Over the period under review, import price indicated tangible growth from December 2021 to December 2022: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, baking soda import price increased by +10.1% against September 2022 indices. The most prominent rate of growth was recorded in February 2022 an increase of 41% month-to-month. Over the period under review, average import prices attained the maximum in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,046 per ton), while the price for Russia ($421 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Baking Soda Price in Morocco (FOB) - 2022
The average baking soda export price stood at $575 per ton in 2022, dropping by -4.3% against the previous year. In general, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2013 when the average export price increased by 66%. The export price peaked at $1,761 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mauritania ($528 per ton), while the average price for exports to Niger totaled $442 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+5.1%).
Baking Soda Imports in Morocco
Baking soda imports into Morocco amounted to 16K tons in 2022, almost unchanged from 2021 figures. In general, imports, however, continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 1.2% against the previous year. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, baking soda imports surged to $7.8M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern 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 Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 2,622 | 2,289 | 1,764 | 2,359 | -3.5% |
Spain | 763 | 1,212 | 1,116 | 1,058 | 11.5% |
Italy | 299 | 296 | 837 | 893 | 44.0% |
China | 866 | 913 | 17.7 | 472 | -18.3% |
Germany | 779 | 442 | 279 | 430 | -18.0% |
Romania | 372 | 319 | 305 | 368 | -0.4% |
Bulgaria | 37.5 | 43.0 | 54.8 | 134 | 52.9% |
Ireland | 532 | 46.7 | 11.8 | 24.1 | -64.4% |
Others | 206 | 176 | 1,328 | 2,016 | 113.9% |
Total | 6,477 | 5,737 | 5,714 | 7,754 | 6.2% |
Top Suppliers of Baking Soda to Morocco in 2022:
- Ireland (undefinedK tons)
- Turkey (5.7K tons)
- Italy (2.4K tons)
- Romania (1.5K tons)
- Spain (1.4K tons)
- China (1.3K tons)
- Germany (0.6K tons)
- Bulgaria (0.5K tons)
Baking Soda Exports in Morocco
In 2022, approx. 187 tons of baking soda were exported from Morocco; increasing by 651% compared with the previous year's figure. In general, exports, however, recorded a perceptible shrinkage.
In value terms, baking soda exports soared to $107K in 2022. Over the period under review, exports, however, saw a abrupt contraction.
Export of Baking Soda in Morocco (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Niger | 72.3 | 155 | 10.3 | 65.4 | -3.3% |
Mauritania | 3.6 | 5.3 | 0.9 | 18.8 | 73.5% |
Italy | 7.4 | N/A | N/A | N/A | 0% |
Others | 58.3 | 39.6 | 3.7 | 23.2 | -26.4% |
Total | 142 | 200 | 14.9 | 107 | -9.0% |
Top Export Markets for Baking Soda from Morocco in 2022:
- Niger (147.9 tons)
- Mauritania (35.6 tons)
This report provides an in-depth analysis of the baking soda market in Morocco. 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:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- 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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