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 2018, standing approx. at the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008, when the market value increased by X% y-o-y. The level of salt consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Salt Production in Asia

In value terms, salt production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008, with an increase of X% y-o-y. The level of salt production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Salt Exports

Exports in Asia

In 2018, approx. X tonnes of salt and pure sodium chloride were exported in Asia; growing by X% against the previous year. Over the period under review, salt exports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. The volume of exports peaked in 2018, and are likely to continue its growth in the near future.

In value terms, salt exports totaled $X in 2018. In general, salt exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008, when exports increased by X% against the previous year. The level of exports peaked in 2018, and are expected to retain its growth in the immediate term.

Exports by Country

India prevails in salt exports structure, reaching X tonnes, which was approx. X% of total exports in 2018. It was distantly followed by China (X tonnes), mixing up X% share of total exports. The following exporters - Kazakhstan (X tonnes), Turkey (X tonnes) and Pakistan (X tonnes) each recorded a X% share of total exports.

Exports from India increased at an average annual rate of +X% from 2007 to 2018. 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 2007-2018. 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 ($X) remains the largest salt supplier in Asia, comprising X% of total salt exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

In India, salt exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and Pakistan (+X% per year).

Export Prices by Country

The salt export price in Asia stood at $X per tonne in 2018, coming down by -X% against the previous year. Overall, the salt export price continues to indicate a significant downturn. The most prominent rate of growth was recorded in 2008, when the export price increased by X% y-o-y. In that year, the export prices for salt and pure sodium chloride attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the export prices for salt and pure sodium chloride remained at a somewhat lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Pakistan ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Pakistan, while the other leaders experienced more modest paces of growth.

Salt Imports

Imports in Asia

In 2018, the amount of salt and pure sodium chloride imported in Asia stood at X tonnes, remaining stable against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. The volume of imports peaked at X tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, salt imports amounted to $X in 2018. The total imports indicated a modest increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008, with an increase of X% against the previous year. The level of imports peaked at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

China (X tonnes) and Japan (X tonnes) were the largest importers of salt and pure sodium chloride in 2018, finishing at near X% and X% of total imports, respectively. Taiwan, Chinese (X tonnes) occupied a X% share (based on tonnes) of total imports, which put it in second place, followed by South Korea (X%). Indonesia (X tonnes), Malaysia (X tonnes), Qatar (X tonnes), Viet Nam (X tonnes), the Philippines (X tonnes) and Bangladesh (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Bangladesh, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Taiwan, Chinese ($X) constituted the countries with the highest levels of imports in 2018, together comprising X% of total imports.

China recorded the highest rates of growth with regard to imports, among the main importing countries over the last eleven year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The salt import price in Asia stood at $X per tonne in 2018, waning by -X% against the previous year. In general, the salt import price continues to indicate a mild decline. The growth pace was the most rapid in 2009, an increase of X% year-to-year. In that year, the import prices for salt and pure sodium chloride reached their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the import prices for salt and pure sodium chloride remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform