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?

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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?

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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?

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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?

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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?

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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?

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The salt import price in Asia stood at $38 per tonne in 2019, surging by 2.6% against the previous year.