Australia and Oceania: Salt Market 2024

Salt Market Size in Australia and Oceania

In 2022, the salt market in Australia and Oceania decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a pronounced contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Salt Production in Australia and Oceania

In value terms, salt production fell to $X in 2022 estimated in export price. Overall, production saw a perceptible descent. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Salt Exports

Exports in Australia and Oceania

In 2022, salt exports in Australia and Oceania soared to X tons, with an increase of X% against 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, salt exports declined sharply to $X in 2022. Over the period under review, exports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), making up a X% share of total exports.

Australia was also the fastest-growing in terms of the salt and pure sodium chloride exports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. While the share of Australia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (X p.p.) displayed negative dynamics.

In value terms, the largest salt supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

In terms of the main exporting countries, Australia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Salt Imports

Imports in Australia and Oceania

Salt imports expanded modestly to X tons in 2022, increasing by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, salt imports surged to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons), distantly followed by Papua New Guinea (X tons), New Zealand (X tons), Kiribati (X tons) and Marshall Islands (X tons) were the key importers of salt and pure sodium chloride, together committing X% of total imports. Fiji (X tons) and Solomon Islands (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kiribati (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salt importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Papua New Guinea ($X), together comprising X% of total imports. Fiji, Kiribati, Marshall Islands and Solomon Islands lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Kiribati, with a CAGR of X%, saw the highest growth rate of 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

The import price in Australia and Oceania stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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