Baking soda typically refers to sodium bicarbonate, also known as baking powder. It is a chemical substance with the chemical name sodium bicarbonate (NaHCO3). It is a white crystalline powder, odorless, with a slightly salty taste, and is soluble in water. Widely used in industries such as chemicals, pharmaceuticals, food, light industry, textiles, and in daily life, it holds a significant position in the national economy.

           With the increasing demand for baking soda, the import and export volume has steadily increased over the past two years. Although the import volume is significantly lower than the export volume, the overall import demand continues to rise due to the stricter domestic environmental policies. The increased usage of baking soda in desulfurization and denitrification processes, driven by stringent environmental regulations, contributes to the sustained growth in import demand.

           According to customs data, the total export value of sodium bicarbonate (HS: 28363000) in China from January to December 2023 was $177,025,054, representing a year-on-year decrease of 9.62%. The total export quantity was 661,940,149 kilograms, showing a year-on-year increase of 15.66%. The total import value was $42,008,160, reflecting a year-on-year decrease of 19.77%, and the total import quantity was 110,415,655 kilograms, indicating a year-on-year decrease of 15.42%.

           During the period from 2018 to 2020, the export quantity of sodium bicarbonate experienced some growth, but market prices indeed showed a declining trend. Although there was a decrease in the export quantity of baking soda in 2021, the export amount increased. Especially in 2022 and 2023, both the export value and quantity showed an upward trend. This market fluctuation is somewhat related to the impact of the 2020 COVID-19 pandemic on global trade and demand. As the pandemic is gradually controlled, market demand is gradually recovering.

           From the perspective of export market distribution, China's sodium bicarbonate (HS: 28363000) primarily concentrates on Asian markets, such as South Korea, Indonesia, Thailand, Vietnam, and others. Following closely are markets like Australia, Brazil, Bangladesh, and South Africa, which are also key export destinations for China. Additionally, sodium bicarbonate plays a crucial role in some environmental protection processes, particularly in desulfurization and denitrification, where it can reduce the emission of sulfur dioxide and nitrogen oxides in industrial discharges, contributing to the improvement of air quality. Countries that prioritize environmental protection and cleanliness may also serve as import markets for sodium bicarbonate, given its widespread application in the clean energy sector.

           It's important to note that baking soda has a wide range of applications in various sectors, including food, cleaning, pharmaceuticals, and environmental protection, making its market demand relatively substantial. Changes in the market may be influenced by developments in the food industry, alterations in environmental regulations, and shifts in consumer preferences. When formulating strategies, businesses should closely monitor market demand, policy changes, and competitive conditions.

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