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Jul 23, 2019

World - Salt - Market Analysis, Forecast, Size, Trends and Insights

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The U.S. Emerges as the Largest Importer of Salt and Pure Sodium Chloride in 2018

IndexBox has just published a new report: 'World - Salt - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global salt market revenue amounted to $27.4B in 2018, growing by 11% against 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). The market value increased at an average annual rate of +3.7% over the period from 2008 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010, with an increase of 24% against the previous year. Global salt consumption peaked in 2018, and is likely to see steady growth in the near future.

Production 2007-2018


In 2018, approx. 321M tonnes of salt and pure sodium chloride were produced worldwide; picking up by 4.7% against the previous year. The total output volume increased at an average annual rate of +1.1% over the period from 2008 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review.

Exports 2007-2018


In 2018, the amount of salt and pure sodium chloride exported worldwide totaled 61M tonnes, picking up by 17% against the previous year. The total export volume increased at an average annual rate of +4.5% from 2008 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

In value terms, salt exports stood at $3B (IndexBox estimates) in 2018.

Exports by Country


India (13M tonnes), Chile (9.3M tonnes) and Mexico (7.1M tonnes) represented roughly 48% of total exports of salt and pure sodium chloride in 2018. The Netherlands (4.5M tonnes) occupied a 7.4% share (based on tonnes) of total exports, which put it in second place, followed by Germany (6.3%) and Canada (5.6%). Tunisia (1.6M tonnes), Belarus (1.6M tonnes), Egypt (1.6M tonnes), China (1.4M tonnes), Spain (1.3M tonnes) and the U.S. (1M tonnes) occupied a relatively small share of total exports.

From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while the other global leaders experienced more modest paces of growth.

In value terms, the largest salt markets worldwide were the Netherlands ($320M), Germany ($255M) and India ($227M), with a combined 27% share of global exports.

Export Prices by Country


The average salt export price stood at $49 per tonne in 2018, going up by 1.5% against the previous year. Overall, the salt export price continues to indicate a relatively flat trend pattern.

Export prices varied noticeably by the country of origin; the country with the highest export price was the U.S. ($179 per tonne), while Mexico ($17 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of export prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Imports 2007-2018


Global imports stood at 68M tonnes in 2018, increasing by 11% against the previous year. The total import volume increased at an average annual rate of +2.4% over the period from 2008 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

In value terms, salt imports totaled $3.7B (IndexBox estimates) in 2018.

Imports by Country


The U.S. represented the main importer of salt and pure sodium chloride in the world, with the volume of imports amounting to 18M tonnes, which was near 26% of total imports in 2018. China (7.2M tonnes) held a 11% share (based on tonnes) of total imports, which put it in second place, followed by Japan (7.1%), Taiwan, Chinese (4.7%) and Germany (4.5%). The following importers - Canada (2.9M tonnes), South Korea (2.2M tonnes), Belgium (1.5M tonnes), Norway (1.5M tonnes) and Russia (1.4M tonnes) - together made up 14% of total imports.

From 2008 to 2018, average annual rates of growth with regard to salt imports into the U.S. stood at +2.5%. At the same time, China (+13.9%), Canada (+7.7%), Germany (+3.4%), Norway (+3.4%), Russia (+3.0%) and Belgium (+2.9%) displayed positive paces of growth. Moreover, China emerged as the fastest growing importer in the world, with a CAGR of +13.9% from 2008-2018. By contrast, Taiwan, Chinese (-1.0%), South Korea (-3.4%) and Japan (-6.1%) illustrated a downward trend over the same period. While the share of Japan (6.2%) increased significantly in terms of the global imports from 2008-2018, the share of Canada (-2.2%), the U.S. (-5.8%) and China (-7.7%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($735M) constitutes the largest market for imported salt and pure sodium chloride worldwide, comprising 20% of global imports. The second position in the ranking was occupied by Japan ($281M), with a 7.5% share of global imports. It was followed by Germany, with a 6.1% share.

Import Prices by Country


The average salt import price stood at $55 per tonne in 2018, waning by -10.9% against the previous year. In general, the salt import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, an increase of 11% year-to-year. Over the period under review, the average import prices for salt and pure sodium chloride reached their peak figure at $64 per tonne in 2010; however, from 2011 to 2018, import prices failed to regain their momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2018, the country with the highest import price was Belgium ($103 per tonne), while South Korea ($18 per tonne) was amongst the lowest.

From 2008 to 2018, the most notable rate of growth in terms of import prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 08931000 - Salt (including denatured salt but excluding salt suitable for human consumption) and pure sodium chloride, whether or not in aqueous solution or containing added anti-caking or free-flowing agents
• Prodcom 10843000 - Salt suitable for human consumption

This report provides an in-depth analysis of the global salt market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
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