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Baking Soda exports reached record highs in 2023 and are poised for further growth in the near future, but the value of exports dipped to $177M.
In March 2023, Baking Soda saw a remarkable 68% month-to-month growth in exports. By January 2024, baking soda exports reached an impressive value of $2.3M.
The most significant growth rate for Baking Soda was observed in November 2022 with a 35% increase in exports compared to the previous month. In terms of value, baking soda exports experienced a rapid decline to $11M in September 2023.
Exports of baking soda decreased significantly to $5.8 million in June 2023.
In June 2023, the price of Baking Soda was $468 per ton (FOB, Thailand), showing a decrease of -11.1% compared to the previous month.
Baking Soda exports declined to $5.9M in May 2023.
In Jan. 2023, the FOBTurkey baking soda price dropped 6.4% to $370/ton compared to the previous month.
Steadily rising during the past decade, baking soda imports in the EU hit a record 1.1B tons in 2021. In value terms, purchases increased to $384M.