Australia and Oceania: Salt Market 2022

Salt Market Size in Australia and Oceania

The salt market in Australia and Oceania rose markedly to $X in 2021, with an increase of X% against the previous year. Overall, consumption, however, saw a perceptible downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Salt Production in Australia and Oceania

In value terms, salt production expanded sharply to $X in 2021 estimated in export price. In general, production showed a perceptible contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Production By Country in Australia and Oceania

Australia (X tonnes) constituted the country with the largest volume of salt production, comprising approx. X% of total volume.

In Australia, salt production remained relatively stable over the period from 2012-2021.

Salt Exports

Exports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded growth in shipments abroad of salt and pure sodium chloride, which increased by X% to X tonnes in 2021. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, salt exports surged to $X in 2021. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand represented the key exporting country with an export of about X tonnes, which amounted to X% of total exports. It was distantly followed by Australia (X tonnes), creating a X% share of total exports.

Exports from New Zealand increased at an average annual rate of +X% from 2012 to 2021. At the same time, Australia (+X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +X% from 2012-2021. percentage points. New Zealand (-X p.p.) saw their shares reduced.

In value terms, Australia ($X) emerged as the largest salt supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was occupied by New Zealand ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled +X%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per tonne), while New Zealand stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+X%).

Salt Imports

Imports in Australia and Oceania

In 2021, approx. X tonnes of salt and pure sodium chloride were imported in Australia and Oceania; rising by X% compared with the previous year. Total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tonnes in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, salt imports contracted modestly to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2020, and then contracted in the following year.

Imports by Country

New Zealand was the main importer of salt and pure sodium chloride in Australia and Oceania, with the volume of imports finishing at X tonnes, which was approx. X% of total imports in 2021. It was distantly followed by Australia (X tonnes), Papua New Guinea (X tonnes), Kiribati (X tonnes) and Marshall Islands (X tonnes), together achieving a X% share of total imports. The following importers - Fiji (X tonnes) and American Samoa (X tonnes) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to salt imports into New Zealand stood at -X%. At the same time, Kiribati (+X%), Papua New Guinea (+X%), Marshall Islands (+X%), Australia (+X%) and Fiji (+X%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +X% from 2012-2021. By contrast, American Samoa (-X%) illustrated a downward trend over the same period. Kiribati (+X p.p.), Papua New Guinea (+X p.p.) and Australia (+X p.p.) significantly strengthened its position in terms of the total imports, while American Samoa and New Zealand 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, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for X% of total imports. These countries were followed by Fiji, Kiribati, Marshall Islands and American Samoa, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Australia and Oceania amounted to $X per tonne, dropping by -X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2017 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform