Argentina: Salt Market 2022

Salt Market Size in Argentina

The Argentinian salt market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, showed a pronounced decrease. Salt consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Salt Production in Argentina

In value terms, salt production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible decline. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Salt Exports

Exports from Argentina

In 2021, approx. X tonnes of salt and pure sodium chloride were exported from Argentina; which is down by -X% compared with the previous year. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, salt exports reduced slightly to $X in 2021. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Paraguay (X tonnes), Uruguay (X tonnes) and France (X tonnes) were the main destinations of salt exports from Argentina, together accounting for X% of total exports. These countries were followed by South Korea and Japan, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +X%), while the other leaders experienced a decline.

In value terms, Paraguay ($X) remains the key foreign market for salt exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Paraguay totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-X% per year) and South Korea (+X% per year).

Export Prices by Country

In 2021, the average salt export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per tonne. From 2017 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Paraguay ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+X%), while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Argentina

In 2021, imports of salt and pure sodium chloride into Argentina soared to X tonnes, picking up by X% compared with the previous year. In general, imports showed a tangible increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, salt imports shrank to $X in 2021. Over the period under review, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tonnes), Denmark (X tonnes) and Pakistan (X tonnes) were the main suppliers of salt imports to Argentina, together comprising X% of total imports. Austria, Germany, Brazil and the United States lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Austria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salt suppliers to Argentina were Chile ($X), Denmark ($X) and Germany ($X), with a combined X% share of total imports. These countries were followed by Pakistan, Austria, the United States and Brazil, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average salt import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform