Asia: Salt Market 2022

Salt Market Size in Asia

In 2021, after five years of growth, there was decline in the Asian salt market, when its value decreased by -X% to $X. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then reduced slightly in the following year.

Salt Production in Asia

In value terms, salt production contracted to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Production By Country in Asia

China (X tonnes) constituted the country with the largest volume of salt production, comprising approx. X% of total volume. Moreover, salt production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), twofold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Turkey (+X% per year).

Salt Exports

Exports in Asia

In 2021, shipments abroad of salt and pure sodium chloride was finally on the rise to reach X tonnes after two years of decline. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, salt exports declined modestly to $X in 2021. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, India (X tonnes) was the largest exporter of salt and pure sodium chloride, creating X% of total exports. It was distantly followed by China (X tonnes), comprising a X% share of total exports. Turkey (X tonnes) and Pakistan (X tonnes) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to salt exports from India stood at +X%. At the same time, Turkey (+X%), Pakistan (+X%) and China (+X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. 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 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt supplying countries in Asia were India ($X), China ($X) and Pakistan ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Pakistan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per tonne in 2020, and then dropped in the following year.

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

From 2012 to 2021, 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

Salt imports expanded rapidly to X tonnes in 2021, rising by X% on 2020. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X tonnes in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, salt imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Japan was the largest importing country with an import of about X tonnes, which reached X% of total imports. It was distantly followed by Indonesia (X tonnes), South Korea (X tonnes), China (X tonnes) and Taiwan (Chinese) (X tonnes), together committing a X% share of total imports. Bangladesh (X tonnes), the Philippines (X tonnes), Qatar (X tonnes), Vietnam (X tonnes) and the United Arab Emirates (X tonnes) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to salt imports into Japan stood at +X%. At the same time, the United Arab Emirates (+X%), China (+X%), Vietnam (+X%), Indonesia (+X%), the Philippines (+X%) and Bangladesh (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Qatar experienced a relatively flat trend pattern. By contrast, South Korea (-X%) and Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. Japan (+X p.p.), Indonesia (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Taiwan (Chinese) saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt importing markets in Asia were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

Among the main importing countries, Japan, with a CAGR of +X%, saw 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 2021, the import price in Asia amounted to $X per tonne, remaining stable against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per tonne in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform