China: Salt Market Overview 2021

Salt Market Size in China

In 2019, the Chinese salt market increased by X% to $X, rising for the third consecutive year after four years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2012; afterwards, it flattened through to 2019.

Salt Production in China

In value terms, salt production totaled $X in 2019 estimated in export prices. Over the period under review, the total production indicated perceptible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Salt production peaked at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Salt Exports

Exports from China

After two years of growth, overseas shipments of salt and pure sodium chloride decreased by -X% to X tonnes in 2019. In general, total exports indicated a resilient increase from 2007 to 2019: its volume 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 2016 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.

In value terms, salt exports amounted to $X in 2019. Overall, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Viet Nam (X tonnes) was the main destination for salt exports from China, with a X% share of total exports. It was followed by Myanmar (X tonnes), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Viet Nam amounted to +X%.

In value terms, Viet Nam ($X) emerged as the key foreign market for salt exports from China, comprising X% of total exports. The second position in the ranking was occupied by Myanmar ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Viet Nam totaled +X%.

Export Prices by Country

In 2019, the average salt export price amounted to $X per tonne, growing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Myanmar ($X per tonne), while the average price for exports to Viet Nam stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar.

Salt Imports

Imports into China

In 2019, imports of salt and pure sodium chloride into China soared to X tonnes, growing by X% against the previous year. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, salt imports amounted to $X in 2019. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Viet Nam (X tonnes) was the main supplier of salt to China, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Viet Nam amounted to +X%.

In value terms, Viet Nam ($X) constituted the largest supplier of salt to China.

From 2007 to 2019, the average annual growth rate of value from Viet Nam stood at +X%.

Import Prices by Country

In 2019, the average salt import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the import price continues to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. The import price peaked at $X per tonne in 2010; however, from 2011 to 2019, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Viet Nam.

From 2007 to 2019, the rate of growth in terms of prices for Viet Nam amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of salt consumption in 2019 were China (77M tonnes), the U.S. (62M tonnes) and India (18M tonnes), with a combined 51% share of global consumption. Australia, Germany, Canada, Brazil, Mexico, France, the UK and Turkey lagged somewhat behind, together comprising a further 22%.

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

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The countries with the highest volumes of salt production in 2019 were China (69M tonnes), the U.S. (42M tonnes) and India (31M tonnes), together comprising 47% of global production. Canada, Germany, Australia, Chile, Mexico, Brazil, Egypt, Turkey, France and the Netherlands lagged somewhat behind, together accounting for a further 29%.

What are the leading suppliers of salt and pure sodium chloride to China?

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In value terms, Viet Nam ($361M) constituted the largest supplier of salt to China.

What are the leading importers of salt and pure sodium chloride from China?

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In value terms, Viet Nam ($100M) emerged as the key foreign market for salt exports from China, comprising 94% of total exports. The second position in the ranking was occupied by Myanmar ($6M), with a 5.6% share of total exports.

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

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In 2019, the average salt export price amounted to $69 per tonne, rising by 3% against the previous year.

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

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In 2019, the average salt import price amounted to $38 per tonne, dropping by -87.7% against the previous year.