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Asia - Salt - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Salt Market Overview 2020

Salt Market Size in Asia

In 2019, the Asian salt market increased by X% to $X, rising for the third consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2013; however, from 2014 to 2019, consumption remained at a lower figure.

Salt Production in Asia

In value terms, salt production expanded rapidly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. The level of production peaked in 2019 and is likely to see gradual growth in the near future.

Production By Country in Asia

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

From 2007 to 2019, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+X% per year) and Pakistan (+X% per year).

Salt Exports

Exports in Asia

In 2019, approx. X tonnes of salt and pure sodium chloride were exported in Asia; picking up by X% compared with the previous year. Over the period under review, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The volume of export peaked in 2019 and is likely to continue growth in the near future.

In value terms, salt exports rose markedly to $X in 2019. In general, exports posted resilient growth. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

India prevails in salt exports structure, amounting to X tonnes, which was near X% of total exports in 2019. It was distantly followed by China (X tonnes), generating a X% share of total exports. The following exporters - Turkey (X tonnes), Kazakhstan (X tonnes) and Pakistan (X tonnes) - together made up X% of total exports.

From 2007 to 2019, average annual rates of growth with regard to salt exports from India stood at +X%. At the same time, Turkey (+X%), Kazakhstan (+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 2007-2019. India (+X p.p.), China (+X p.p.), Turkey (+X p.p.), Kazakhstan (+X p.p.) and Pakistan (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest salt supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($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 2007-2019. 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 2019, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, export prices attained the maximum at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

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 2019, 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 2019, supplies from abroad of salt and pure sodium chloride increased by X% to X tonnes, rising for the third year in a row after three years of decline. Total imports indicated a tangible increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. The volume of import peaked in 2019 and is likely to see steady growth in the near future.

In value terms, salt imports expanded rapidly to $X in 2019. Total imports indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) represented the major importer of salt and pure sodium chloride, generating X% of total imports. It was distantly followed by Japan (X tonnes), South Korea (X tonnes) and Indonesia (X tonnes), together making up a X% share of total imports. The following importers - Taiwan, Chinese (X tonnes), Viet Nam (X tonnes), the Philippines (X tonnes), Qatar (X tonnes) and Bangladesh (X tonnes) - together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2019. At the same time, Viet Nam (+X%), Bangladesh (+X%), Indonesia (+X%), the Philippines (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Viet Nam emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2019. 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 2019, the share of China, Indonesia, South Korea, Viet Nam and Bangladesh increased by +X%, +X%, +X%, +X% and +X% percentage points, while Taiwan, Chinese (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported salt and pure sodium chloride in Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual growth rate of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

The salt import price in Asia stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per tonne in 2010; however, from 2011 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was the Philippines ($X per tonne), while Taiwan, Chinese ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in Asia?
+
China (77M tonnes) remains the largest salt consuming country in Asia, comprising approx. 72% of total volume. Moreover, salt consumption in China exceeded the figures recorded by the second-largest consumer, Japan (5.1M tonnes), more than tenfold. South Korea (4.4M tonnes) ranked third in terms of total consumption with a 4.1% share.
What are the largest producers of salt and pure sodium chloride in Asia?
+
China (68M tonnes) constituted the country with the largest volume of salt production, comprising approx. 71% of total volume. Moreover, salt production in China exceeded the figures recorded by the second-largest producer, India (14M tonnes), fivefold. Pakistan (2.7M tonnes) ranked third in terms of total production with a 2.8% share.
What are the leading suppliers of salt and pure sodium chloride in Asia?
+
In value terms, India ($237M) remains the largest salt supplier in Asia, comprising 42% of total exports. The second position in the ranking was occupied by China ($117M), with a 20% share of total exports. It was followed by Pakistan, with a 8.7% share.
What are the leading importers of salt and pure sodium chloride in Asia?
+
In value terms, China ($419M) constitutes the largest market for imported salt and pure sodium chloride in Asia, comprising 38% of total imports. The second position in the ranking was occupied by South Korea ($167M), with a 15% share of total imports. It was followed by Indonesia, with a 8.6% share.
What is the average export price for salt and pure sodium chloride in Asia?
+
The salt export price in Asia stood at $33 per tonne in 2019, therefore, remained relatively stable against the previous year.
What is the average import price for salt and pure sodium chloride in Asia?
+
The salt import price in Asia stood at $38 per tonne in 2019, surging by 2.6% against the previous year.

Product coverage:
• Prodcom 08931000 - Salt (including denatured salt but excluding salt suitable for human consumption) and pure sodium chloride, whether or not in aqueous solution or containing added anti-caking or free-flowing agents
• Prodcom 10843000 - Salt suitable for human consumption

This report provides an in-depth analysis of the salt market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• Iran
• Iraq
• Jordan
• Kuwait
• Kyrgyzstan
• Lebanon
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Palestine
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Timor-Leste
• Turkmenistan
• Uzbekistan
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan, Chinese
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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