Prepared Baking Powder Market Overview in the European Union
In value terms, prepared baking powder production reached $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.
The countries with the highest volumes of prepared baking powder production in 2019 were Austria ( tonnes), Germany ( tonnes) and Poland ( tonnes), together comprising % of total production. These countries were followed by Greece, the UK, Italy, France, the Netherlands, Spain, Romania, Belgium, the Czech Republic and Hungary, which together accounted for a further %.
From 2007 to 2019, the biggest increases were in the Czech Republic, while prepared baking powder production for the other leaders experienced more modest paces of growth.
The revenue of the prepared baking powder market in the European Union declined modestly to $ in 2019, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
From 2007 to 2019, the biggest increases were in the UK, while prepared baking powder consumption for the other leaders experienced more modest paces of growth.
In value terms, Italy ($), Austria ($) and France ($) were the countries with the highest levels of market value in 2019, together comprising % of the total market. These countries were followed by Germany, Greece, Poland, the UK, the Netherlands, Belgium, Romania, Portugal, Spain and Hungary, which together accounted for a further %.
Portugal recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while prepared baking powder market for the other leaders experienced more modest paces of growth.
In 2019, the highest levels of prepared baking powder per capita consumption was registered in Austria ( kg per persons), followed by Greece ( kg per persons), Belgium ( kg per persons) and Portugal ( kg per persons), while the world average per capita consumption of prepared baking powder was estimated at kg per persons.
In Austria, prepared baking powder per capita consumption remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: Greece (-% per year) and Belgium (+% per year).