Baking Soda price October 2024 and outlook (see chart below)

  • North America:US$0.57/KG, 1.8% up
  • Europe:US$0.52/KG, unchanged
  • Northeast Asia:US$0.23/KG, -4.2% down
The chart below summarizes Baking soda price trend per region, as well as the outlook. It takes a moment to load.

Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.

 

Baking soda price index

This post is a summary of the Baking soda (sodium bicarbonate) price developments. The price developments of Baking soda are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Baking soda price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for sodium bicarbonate prices, on the second tab, is generated from different inputs including:

  • Very recent price developments of immediate cost drivers of Baking soda (sodium bicarbonate) prices
  • Recent price developments of underlying feedstocks which drive the price of sodium bicarbonate
  • Market futures for both cost drives and feedstocks of Baking soda (sodium bicarbonate) prices
  • Adjustment of current supply/demand imbalances in the Baking soda (sodium bicarbonate) market
  • Longer term trends in likely demand conditions

 

 

Further information on the Baking soda price index

What is baking soda

Baking soda, also known as sodium bicarbonate, is a white, crystalline powder that is commonly used as a baking ingredient and as a household cleaning agent. It is a basic compound that neutralizes acids and is often used to raise the pH of a solution. Baking soda is produced by the Solvay process, which involves the reaction of sodium chloride, ammonia, and carbon dioxide to form sodium bicarbonate, ammonia, and water.

In cooking, baking soda is used as a leavening agent, which means that it helps to produce a light and fluffy texture in baked goods by releasing carbon dioxide gas as it reacts with acidic ingredients such as buttermilk or vinegar. It is also used as a pH adjuster to neutralize the acidity of some ingredients, such as cocoa powder.

Baking soda is also used as a household cleaning agent, as it can neutralize odors and remove dirt and stains. It can be used to clean a variety of surfaces, including countertops, sinks, and bathtubs, and it is often used to deodorize refrigerators and other enclosed spaces. Baking soda is also used in toothpaste and as an antacid to neutralize stomach acid.

 

How is baking soda produced

Baking soda, or sodium bicarbonate, is produced through the Solvay process, which involves the reaction of sodium chloride, ammonia, and carbon dioxide to form sodium bicarbonate, ammonia, and water. The Solvay process consists of the following steps:

First, sodium chloride, or table salt, is dissolved in water to form a brine solution.

Second, Ammonia is added to the brine solution, and the mixture is heated to form a solution of sodium chloride, ammonia, and water.

Third, Carbon dioxide is bubbled through the solution, and the mixture is allowed to react to form sodium bicarbonate, ammonia, and water.

Finally the sodium bicarbonate is precipitated out of the solution and filtered to remove any impurities.

Then the sodium bicarbonate is then dried to form a fine, white powder, which is the final product.

The Solvay process is a continuous process, which means that it is carried out continuously rather than in batch form. This allows for the efficient production of large quantities of baking soda.

 

What is baking soda used for

Baking soda, or sodium bicarbonate, is a versatile compound that has a variety of uses, including:

Baking ingredient

Baking soda is commonly used as a leavening agent in baking, which means that it helps to produce a light and fluffy texture in baked goods by releasing carbon dioxide gas as it reacts with acidic ingredients such as buttermilk or vinegar.

pH adjuster

Baking soda is also used as a pH adjuster to neutralize the acidity of some ingredients, such as cocoa powder.

Household cleaning agent

Baking soda is often used as a household cleaning agent because it can neutralize odors and remove dirt and stains. It can be used to clean a variety of surfaces, including countertops, sinks, and bathtubs, and it is often used to deodorize refrigerators and other enclosed spaces.

Toothpaste ingredient

Baking soda is also used as an ingredient in toothpaste, where it helps to remove plaque and whiten teeth.

Antacid

Baking soda is also used as an antacid to neutralize stomach acid and relieve heartburn and indigestion.

Baking soda is a safe and effective product when used as directed, but it is important to follow the recommended guidelines for use and to store it in a cool, dry place.

 

How big is the baking soda market

The baking soda market is a significant global industry, with demand driven by a variety of end-use applications. According to a report from Zion Market Research, the global baking soda market was valued at $6.5 billion in 2020 and is projected to reach $10.5 billion by 2026, at a compound annual growth rate of 7.3% during the forecast period. This growth is driven by increasing demand for baking soda in various applications, including baking, household cleaning, and personal care products. The Asia-Pacific region is the largest market for baking soda, followed by North America and Europe. The market is expected to witness significant growth in the Asia-Pacific region, driven by the increasing demand for baking soda in various applications.

According to https://oec.world/ :

Sodium bicarbonate are the world’s 2107th most traded product.

In 2020, the top exporters of Sodium bicarbonate were China ($135M), Germany ($116M), Turkey ($106M), United States ($72.9M), and Spain ($60M).

In 2020, the top importers of Sodium bicarbonate were South Korea ($59M), France ($49.9M), Italy ($47.7M), Belgium ($39.7M), and Canada ($38.7M).

 

Further reading

NEED A QUICK DOWNLOAD?

 

ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL

GET THAT DOWNLOAD IN 3 MINUTES!

BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.

businessanalytiq

Where does the data come from?

  • The source of the data are exclusively public non-confidential sources. We have no access to primary data
  • This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
  • The data is a combination of contract and spot pricing
  • Our algorithms are set up to eliminate significant product mix impact on the reported price
  • We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
  • The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
  • For most indexes we have multiple sources and we focus on using statistically-correlated sources
  • As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
  • We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
  • The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • Our automated software and we do our best to create an accurate representation of the trend

 

Where does the data NOT come from?

  • We do not purchase data from any other source and republish it.
  • We will not purchase data from any other source and republish it
  • We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators

 

What data should our company use?

  • If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
  • Our data, at best, represents an estimate of the market trend based on public information
  • We have no direct access to the market, and we do not interview suppliers and customers
  • Our automated analysis tools in the online software are set up to combine our data with other sources of data
  • We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data

 

What does the quality indication in the main menu mean?

  • Quality level A: Data is from a reliable and confirmed source
  • Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
  • Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
  • Quality level D: Data is from a single credible source, but we cannot verify the data
  • Quality level E: Data is either:
    • From a single source, which we consider reliable, but we cannot verify the data.
    • From 2 or more sources which have some periods of contradicting trends.
  • Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.

 

What are the disclaimers?

  • We assume no responsibility or liability for any errors or omissions in the content of this site.
  • The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
  • By their nature, outlooks are always uncertain

 

How often do we update the data?

  • We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
  • The data for the current month and recent history are fine-tuned over time.

 

What are we doing to improve the data?

  • We are continually improving our data collection and processing methods
  • Pricing data will be updated from time to time as we improve the accuracy
  • We are reviewing all data sources in the first half of 2024.
    • There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
    • The key focus in 2024 is to add many additional indexes

 

How can i give feedback on the data or request for new indexes

  • Feel free to contact us if you have a specific request. You can reach us via the Contact us page