Australia and Oceania: Salt Market Overview 2020

Salt Market Size in Australia and Oceania

In 2019, the salt market in Australia and Oceania increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed resilient growth. The growth pace was the most rapid in 2013 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2014 to 2019, the growth of the market remained at a somewhat lower figure.

Production By Country in Australia and Oceania

Guam (X kg) remains the largest salt producing country in Australia and Oceania, accounting for X% of total volume.

In Guam, salt production contracted by an average annual rate of -X% over the period from 2007-2019.

Salt Exports

Exports in Australia and Oceania

Salt exports reduced notably to X tonnes in 2019, waning by -X% on the year before. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2018, and then fell notably in the following year.

In value terms, salt exports rose modestly to $X in 2019. Total exports indicated a resilient increase from 2007 to 2019: its value 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, exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

New Zealand was the largest exporter of salt and pure sodium chloride in Australia and Oceania, with the volume of exports resulting at X tonnes, which was near X% of total exports in 2019. It was distantly followed by Australia (X tonnes), generating an X% share of total exports.

New Zealand was also the fastest-growing in terms of the salt and pure sodium chloride exports, with a CAGR of +X% from 2007 to 2019. Australia experienced a relatively flat trend pattern. While the share of New Zealand (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In New Zealand, salt exports increased at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

In 2019, the salt export price in Australia and Oceania amounted to $X per tonne, picking up by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of export peaked in 2019 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Australia ($X per tonne), while New Zealand stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand.

Salt Imports

Imports in Australia and Oceania

In 2019, overseas purchases of salt and pure sodium chloride increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, imports saw a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2014 to 2019, the growth imports remained at a lower figure.

In value terms, salt imports reached $X in 2019. Overall, imports posted a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. The level of import peaked in 2019 and is expected to retain growth in the near future.

Imports by Country

New Zealand (X tonnes) and Australia (X tonnes) dominates salt imports structure, together constituting X% of total imports. It was distantly followed by Papua New Guinea (X tonnes), mixing up a X% share of total imports. Kiribati (X tonnes), Marshall Islands (X tonnes), Micronesia (Federated States of) (X tonnes) and Fiji (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Kiribati, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) were the countries with the highest levels of imports in 2019, together accounting for X% of total imports. Kiribati, Marshall Islands, Micronesia (Federated States of) and Fiji lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of imports, among 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

The salt import price in Australia and Oceania stood at $X per tonne in 2019, reducing by -X% against the previous year. Import price indicated temperate growth from 2007 to 2019: its price 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, salt import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the 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 Papua New Guinea ($X per tonne), while Marshall Islands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Papua New Guinea, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in Australia and Oceania?

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The countries with the highest volumes of salt consumption in 2019 were Australia (86K tonnes), New Zealand (72K tonnes) and Papua New Guinea (17K tonnes), together comprising 83% of total consumption. Kiribati, Marshall Islands, Micronesia (Federated States of) and Fiji lagged somewhat behind, together accounting for a further 11%.

What are the largest producers of salt and pure sodium chloride in Australia and Oceania?

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The country with the largest volume of salt production was Guam (0 kg), comprising approx. 100% of total volume.

What are the leading exporters of salt and pure sodium chloride in Australia and Oceania?

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In value terms, New Zealand ($14M) remains the largest salt supplier in Australia and Oceania, comprising 79% of total exports. The second position in the ranking was occupied by Australia ($3.7M), with a 20% share of total exports.

What are the leading importers of salt and pure sodium chloride in Australia and Oceania?

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In value terms, the largest salt importing markets in Australia and Oceania were Australia ($21M), New Zealand ($13M) and Papua New Guinea ($4.3M), together comprising 87% of total imports. Kiribati, Marshall Islands, Micronesia (Federated States of) and Fiji lagged somewhat behind, together accounting for a further 6.4%.

What is the average export price for salt and pure sodium chloride in Australia and Oceania?

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The salt export price in Australia and Oceania stood at $348 per tonne in 2019, jumping by 20% against the previous year.

What is the average import price for salt and pure sodium chloride in Australia and Oceania?

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In 2019, the salt import price in Australia and Oceania amounted to $168 per tonne, reducing by -19.3% against the previous year.