Australia and Oceania - Salt - Market Analysis, Forecast, Size, Trends and Insights

Australia and Oceania: Salt Market Overview 2019

Salt Market Size in Australia and Oceania

The revenue of the salt market in Australia and Oceania amounted to $X in 2017, going up by X% against the previous year. The salt consumption continues to indicate a skyrocketing increase. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the salt market reached its maximum level in 2017, and is likely to see steady growth in the immediate term.

Salt Production in Australia and Oceania

In 2017, the amount of salt produced in Australia and Oceania stood at X tonnes, remaining stable against the previous year. The salt production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when the output figure increased by X% year-to-year. Over the period under review, the salt production reached its peak figure volume of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Salt Exports

Exports in Australia and Oceania

In 2017, approx. X tonnes of salt were exported in Australia and Oceania; going down by -X% against the previous year. The salt exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2015, when exports increased by X% against the previous year. Over the period under review, the salt exports reached its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, salt exports amounted to $X in 2017. The salt exports continue to indicate a precipitous slump. Over the period under review, the salt exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Exports by Country

New Zealand was the key exporting country with an export of around X tonnes, which recorded X% of total exports. It was distantly followed by Australia (X tonnes), making up X% share of total exports.

New Zealand experienced a relatively flat trend pattern of salt exports. Australia (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Australia increased by X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) remains the largest salt supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by Australia ($X), with a X% share of global exports.

In New Zealand, salt exports increased at an average annual rate of +X% over the period from 2007-2017.

Export Prices by Country

In 2017, the salt export price in Australia and Oceania amounted to $X per tonne, growing by X% against the previous year. The salt export price continues to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2009, an increase of X% y-o-y. The level of export price peaked in 2017, and is expected to retain its growth in the near future.

Average export prices varied noticeably amongst the major exporting countries. In 2017, the country with the highest export price was New Zealand ($X per tonne), while Australia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Australia (+X% per year).

Salt Imports

Imports in Australia and Oceania

In 2017, approx. X tonnes of salt were imported in Australia and Oceania; going down by -X% against the previous year. The salt imports continue to indicate an abrupt deduction. The growth pace was the most rapid in 2013, when imports increased by X% year-to-year. In that year, the salt imports reached their peak volume of X tonnes. From 2014 to 2017, growth of the salt imports stood at a somewhat lower level.

In value terms, salt imports totaled $X in 2017. The total imports indicated a prominent growth from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the salt imports increased by +X% against 2013 indices. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Imports by Country

Australia was the largest importing country with an import of about X tonnes, which recorded X% of total imports. It was distantly followed by New Zealand (X tonnes), Papua New Guinea (X tonnes), Kiribati (X tonnes) and Fiji (X tonnes), together generating X% share of total imports. New Caledonia (X tonnes) and Micronesia (Federated States of) (X tonnes) took the minor share of total imports.

Imports into Australia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Kiribati (+X%), New Caledonia (+X%) and Fiji (+X%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest growing importer in Australia and Oceania, with a CAGR of +X% from 2007-2017. By contrast, Papua New Guinea (-X%), Micronesia (Federated States of) (-X%) and New Zealand (-X%) illustrated a downward trend over the same period. While the share of New Zealand (X%), Papua New Guinea (X%) and Micronesia (Federated States of) (X%) increased significantly in terms of the global imports from 2007-2017, the share of Kiribati (-X%) and Australia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt markets worldwide were Australia ($X), New Zealand ($X) and Fiji ($X), together comprising X% of total imports. Papua New Guinea, Kiribati, New Caledonia and Micronesia (Federated States of) lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Kiribati (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the salt import price in Australia and Oceania amounted to $X per tonne, increasing by X% against the previous year. The salt import price continues to indicate a prominent expansion. The growth pace was the most rapid in 2016, when the import prices increased by X% against the previous year. The level of import price peaked in 2017, and is likely to see steady growth in the immediate term.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was New Zealand ($X per tonne), while Kiribati ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by New Zealand (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform