Asia - Salt - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Asia: Salt Market Overview 2020

Salt Market Size in Asia

The revenue of the salt market in Asia amounted to $X in 2018, approximately equating 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 over the period under review. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the salt market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Salt Production in Asia

In value terms, salt production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; 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% against the previous year. The level of salt production peaked at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Production By Country in Asia

China (X tonnes) remains the largest salt producing country in Asia, comprising approx. X% of total production. Moreover, salt production in China exceeded the figures recorded by the region's second-largest producer, India (X tonnes), twofold. Turkey (X tonnes) ranked third in terms of total production with a X% share.

In China, salt production remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and Turkey (+X% per year).

Salt Exports

Exports in Asia

In 2018, approx. X tonnes of salt and pure sodium chloride were exported in Asia; going up by X% against the previous year. In general, salt exports continue to indicate buoyant growth. The pace of growth was the most pronounced 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 immediate term.

In value terms, salt exports amounted to $X in 2018. In general, salt exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, salt exports reached their maximum 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), committing a X% share of total exports. The following exporters - Kazakhstan (X tonnes), Turkey (X tonnes) and Pakistan (X tonnes) - each finished at a X% share of total exports.

From 2007 to 2018, 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 2007-2018. While the share of India (+X p.p.), China (+X p.p.), Kazakhstan (+X p.p.), Turkey (+X p.p.) and Pakistan (+X p.p.) increased significantly, 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 increased at an average annual rate of +X% over the period from 2007-2018. 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 2018, the salt export price in Asia amounted to $X per tonne, dropping by -X% against the previous year. Overall, the salt export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. In that year, the export prices for salt and pure sodium chloride reached 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 failed to regain its momentum.

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 2007 to 2018, the most notable rate of growth in terms of 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, approximately reflecting the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern 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 volume of imports peaked at X tonnes in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

In value terms, salt imports totaled $X in 2018. The total imports indicated a slight expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, salt imports reached their maximum at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, China (X tonnes) and Japan (X tonnes) represented the main importers of salt and pure sodium chloride in Asia, together achieving X% of total imports. Taiwan, Chinese (X tonnes) ranks next in terms of the total imports with a X% share, followed by South Korea (X%). The following importers - Indonesia (X tonnes), Malaysia (X tonnes), Qatar (X tonnes), Viet Nam (X tonnes), the Philippines (X tonnes) and Bangladesh (X tonnes) - together made up X% of total imports.

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, the largest salt importing markets in Asia were Japan ($X), China ($X) and Taiwan, Chinese ($X), with a combined X% share of total imports.

China recorded the highest growth rate of imports, among the main importing countries over the last eleven years, 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, lowering by -X% against the previous year. Over the period under review, the salt import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. In that year, the import prices for salt and pure sodium chloride attained 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 failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest 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 prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform