Australia: Salt Market 2022

Salt Market Size in Australia

The Australian salt market rose significantly to $X in 2021, increasing by X% against the previous year. Overall, consumption, however, showed a perceptible descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Salt Production in Australia

In value terms, salt production expanded rapidly to $X in 2021 estimated in export price. In general, production saw a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Salt production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Salt Exports

Exports from Australia

In 2021, exports of salt and pure sodium chloride from Australia surged to X tonnes, increasing by X% compared with the year before. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

Exports by Country

Indonesia (X tonnes) was the main destination for salt exports from Australia, accounting for a X% share of total exports. Moreover, salt exports to Indonesia exceeded the volume sent to the second major destination, the Philippines (X tonnes), fourfold. The third position in this ranking was occupied by the United States (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and the United States (+X% per year).

In value terms, Indonesia ($X) remains the key foreign market for salt exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by the Philippines ($X), with an X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Nigeria (+X% per year).

Export Prices by Country

In 2021, the average salt export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per tonne. From 2019 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Nigeria ($X per tonne), while the average price for exports to Japan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Australia

Salt imports into Australia amounted to X tonnes in 2021, increasing by X% compared with 2020. Over the period under review, total imports indicated a moderate expansion 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 increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, salt imports shrank to $X in 2021. Overall, total imports indicated a buoyant increase 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 most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports remained at a lower figure.

Imports by Country

New Zealand (X tonnes), China (X tonnes) and Pakistan (X tonnes) were the main suppliers of salt imports to Australia, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salt suppliers to Australia were Pakistan ($X), New Zealand ($X) and China ($X), with a combined X% share of total imports.

Pakistan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average salt import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price 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 pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per tonne. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Pakistan ($X per tonne), while the price for New Zealand ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform