Asia: Salt Market 2024

Salt Market Size in Asia

The Asian salt market reduced to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2021, and then fell modestly in the following year.

Salt Production in Asia

In value terms, salt production shrank slightly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Salt Exports

Exports in Asia

In 2022, overseas shipments of salt and pure sodium chloride increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports saw a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, salt exports skyrocketed to $X in 2022. In general, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

India dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by China (X tons), comprising a X% share of total exports. Turkey (X tons), Pakistan (X tons) and Thailand (X tons) held a relatively small share of total exports.

Exports from India increased at an average annual rate of X% from 2012 to 2022. At the same time, Turkey (X%), Thailand (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. India (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest salt supplier in Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by Pakistan, with an X% share.

In India, salt exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Pakistan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a mild descent. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then dropped markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the other leaders experienced mixed trends in the export price figures.

Salt Imports

Imports in Asia

In 2022, supplies from abroad of salt and pure sodium chloride increased by X% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, salt imports soared to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) and Indonesia (X tons) were the key importers of salt and pure sodium chloride in Asia, together mixing up X% of total imports. South Korea (X tons) took the next position in the ranking, followed by Taiwan (Chinese) (X tons), Qatar (X tons) and China (X tons). All these countries together took near X% share of total imports. Vietnam (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salt importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports. Taiwan (Chinese), Indonesia, Vietnam and Qatar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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