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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

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Notes on the price-data

  • We aim to update the data series on the 11th and 25th 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.
  • We are continually improving our data collection and processing methods and data will be updated from time to time as we improve the accuracy
  • We are working hard to upgrade the algorithm before April 1, 2023 and a further fine-tune by July 1, 2023
  • This the index trend of the price of the product group in general and not a single specification in particular
  • The source of the data are exclusively public non-confidential sources
  • We combine public publications, import/export records, company announcements, and sources of ad-hoc public information.
  • The chart shows the price trend,  nearly always taken from many statistically-correlated sources 
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • We do our best to create an accurate representation of the trend
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  • The information is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.
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