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

Asia: Salt Market Overview 2019

Salt Market Size in Asia

The revenue of the salt market in Asia amounted to $X in 2017, lowering by -X% against the previous year. The salt consumption continues to indicate a moderate reduction. The pace of growth appeared the most rapid in 2010, when market value increased by X% against the previous year. In that year, the salt market reached their peak level of $X. From 2011 to 2017, growth of the salt market failed to regain its momentum.

Salt Production in Asia

In 2017, approx. X tonnes of salt were produced in Asia; rising by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. Over the period under review, the salt production reached its maximum volume in 2017, and is expected to retain its growth in the near future.

Salt Exports

Exports in Asia

In 2017, approx. X tonnes of salt were exported in Asia; going up by X% against the previous year. The salt exports continue to indicate a strong expansion. The growth pace was the most rapid in 2011, with an increase of X% y-o-y. Over the period under review, the salt exports reached its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, salt exports totaled $X in 2017. The salt exports continue to indicate a prominent expansion. The level of exports peaked in 2017, and are likely to see steady growth in the near future.

Exports by Country

India prevails in salt exports structure, reaching X tonnes, which was near X% of total exports in 2017. It was distantly followed by China (X tonnes), achieving X% share of total exports. The following exporters - Pakistan (X tonnes), Turkey (X tonnes) and Kazakhstan (X tonnes) each accounted for a X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to salt exports from India stood at +X%. At the same time, Kazakhstan (+X%), Turkey (+X%), Pakistan (+X%) and China (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. Pakistan (-X%), Turkey (-X%), Kazakhstan (-X%), China (-X%) and India (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest salt supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by China ($X), with a X% share of global exports. It was followed by Pakistan, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in India totaled +X%. In the other countries, the average annual rates were as follows: China (+X% per year) and Pakistan (+X% per year).

Export Prices by Country

In 2017, the salt export price in Asia amounted to $X per tonne, falling by -X% against the previous year. The salt export price continues to indicate a drastic slump. The growth pace was the most rapid in 2010, an increase of X% against the previous year. In that year, the export prices for salt reached their peak level of $X per tonne. From 2011 to 2017, growth of the export prices for salt failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Pakistan ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Pakistan (+X% per year), while the other leaders experienced more modest paces of growth.

Salt Imports

Imports in Asia

In 2017, the amount of salt imported in Asia stood at X tonnes, rising by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010, when imports increased by X% y-o-y. The volume of imports peaked of X tonnes in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, salt imports stood at $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. Over the period under review, the salt imports reached its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Imports by Country

China was the largest importer of salt in Asia, with the volume of imports resulting at X tonnes, which was near X% of total imports in 2017. It was distantly followed by Japan (X tonnes), South Korea (X tonnes), Indonesia (X tonnes) and Taiwan, Chinese (X tonnes), together making up X% share of total imports. Bangladesh (X tonnes), Qatar (X tonnes) and the Philippines (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to salt imports into China stood at +X%. At the same time, Bangladesh (+X%), the Philippines (+X%), Indonesia (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. Qatar experienced a relatively flat trend pattern. By contrast, Japan (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Japan and Taiwan, Chinese increased by X% and X% percentage points, while Indonesia (-X%), Bangladesh (-X%), South Korea (-X%) and China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

Among the main importing countries, China (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the salt import price in Asia amounted to $X per tonne, coming down by -X% against the previous year. The salt import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, an increase of X% y-o-y. In that year, the import prices for salt attained their peak level of $X per tonne. From 2010 to 2017, growth of the import prices for salt stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Indonesia ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Indonesia (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform