Brazil: Salt Market 2022

Salt Market Size in Brazil

The Brazilian salt market soared to $X in 2021, picking up by X% against the previous year. In general, consumption, however, showed a pronounced reduction. Salt consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Salt Production in Brazil

In value terms, salt production stood at $X in 2021 estimated in export price. In general, production, however, recorded a perceptible decline. Salt production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Salt Exports

Exports from Brazil

After two years of growth, overseas shipments of salt and pure sodium chloride decreased by -X% to X tonnes in 2021. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tonnes in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, salt exports shrank rapidly to $X in 2021. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020, and then fell markedly in the following year.

Exports by Country

The United States (X tonnes) and Nigeria (X tonnes) were the main destinations of salt exports from Brazil.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +X value terms, the United States ($X) remains the key foreign market for salt exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +X%.

Export Prices by Country

The average salt export price stood at $X per tonne in 2021, increasing by X% against the previous year. In general, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per tonne), while the average price for exports to Nigeria stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%).

Salt Imports

Imports into Brazil

For the third year in a row, Brazil recorded growth in supplies from abroad of salt and pure sodium chloride, which increased by X% to X tonnes in 2021. In general, imports enjoyed a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, salt imports soared to $X in 2021. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Chile (X tonnes) constituted the largest supplier of salt to Brazil, with a X% share of total imports. Moreover, salt imports from Chile exceeded the figures recorded by the second-largest supplier, Pakistan (X tonnes), threefold. Denmark (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Chile stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Denmark (-X% per year).

In value terms, Chile ($X) constituted the largest supplier of salt to Brazil, comprising X% of total imports. The second position in the ranking was occupied by the United States ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

The average salt import price stood at $X per tonne in 2021, surging by X% against the previous year. In general, the import price saw a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per tonne), while the price for Pakistan ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform