Chile: Salt Market 2022

Salt Market Size in Chile

In 2021, the Chilean salt market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate a mild downturn. Salt consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Salt Production in Chile

In value terms, salt production reduced slightly to $X in 2021 estimated in export price. In general, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Salt Exports

Exports from Chile

In 2021, after two years of decline, there was significant growth in overseas shipments of salt and pure sodium chloride, when their volume increased by X% to X tonnes. Over the period under review, total exports indicated a notable increase 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, exports decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tonnes in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, salt exports skyrocketed to $X in 2021. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tonnes) was the main destination for salt exports from Chile, with a X% share of total exports. Moreover, salt exports to the United States exceeded the volume sent to the second major destination, Brazil (X tonnes), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%.

In value terms, the United States ($X) remains the key foreign market for salt exports from Chile, comprising X% of total exports. The second position in the ranking was occupied by Brazil ($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 amounted to -X%.

Export Prices by Country

The average salt export price stood at $X per tonne in 2021, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a drastic downturn. The growth pace was the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Brazil ($X per tonne), while the average price for exports to the United States stood at $X per tonne.

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

Salt Imports

Imports into Chile

In 2021, salt imports into Chile was estimated at X tonnes, growing by X% on the previous year. Overall, imports posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, salt imports soared to $X in 2021. In general, imports posted a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tonnes), Pakistan (X tonnes) and Peru (X tonnes) were the main suppliers of salt imports to Chile, with a combined X% share of total imports. Germany, Denmark, New Zealand and Austria lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salt suppliers to Chile were Brazil ($X), Peru ($X) and Pakistan ($X), with a combined X% share of total imports. These countries were followed by Germany, New Zealand, Denmark and Austria, which together accounted for a further X terms of the main suppliers, Denmark, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, 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, jumping 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 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform