CIS - Salt - Market Analysis, Forecast, Size, Trends and Insights

CIS: Salt Market Overview 2019

Salt Market Size in CIS

The revenue of the salt market in CIS amounted to $X in 2017, growing by X% against the previous year. The salt consumption continues to indicate a tangible expansion. The growth pace was the most rapid in 2012, when market value increased by X% y-o-y. Over the period under review, the salt market attained its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Salt Production in CIS

The salt production totaled X tonnes in 2017, increasing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2013, with an increase of X% against the previous year. Over the period under review, the salt production attained its maximum volume in 2017, and is likely to see steady growth in the immediate term.

Salt Exports

Exports in CIS

In 2017, approx. X tonnes of salt were exported in CIS; coming up by X% against the previous year. The total exports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the salt exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. Over the period under review, the salt exports reached its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, salt exports amounted to $X in 2017. The salt exports continue to indicate a prominent expansion. In that year, the salt exports reached their peak level, and are likely to continue its growth in the immediate term.

Exports by Country

Belarus was the key exporting country with an export of about X tonnes, which accounted for X% of total exports. It was distantly followed by Kazakhstan (X tonnes), mixed up X% share of total exports. Russia (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to salt exports from Belarus stood at +X%. At the same time, Kazakhstan (+X%) and Russia (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest growing exporter in CIS, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Russia, Kazakhstan and Belarus decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest salt supplier in CIS, making up X% of global exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of global exports. It was followed by Russia, with a X% share.

In Belarus, salt exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Russia (+X% per year).

Export Prices by Country

The salt export price in CIS stood at $X per tonne in 2017, rising by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012, when it surged by X% year-to-year. In that year, the export prices for salt attained their peak level of $X per tonne. From 2013 to 2017, growth of the export prices for salt stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Russia ($X per tonne), while Belarus ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Kazakhstan (+X% per year), while the other leaders experienced more modest paces of growth.

Salt Imports

Imports in CIS

The imports amounted to X tonnes in 2017, dropping by -X% against the previous year. The total imports indicated a notable increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the salt imports decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2012, when imports increased by X% y-o-y. Over the period under review, the salt imports reached its peak figure volume of X tonnes in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, salt imports totaled $X in 2017. The salt imports continue to indicate a strong expansion. Over the period under review, the salt imports reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Imports by Country

Russia dominates salt imports structure, recording X tonnes, which was near X% of total imports in 2017. The following importers - Kazakhstan (X tonnes), Moldova (X tonnes) and Belarus (X tonnes) each recorded a X% share of total imports.

Russia was also the fastest growing in terms of the salt imports, with a CAGR of +X% from 2007 to 2017. At the same time, Kazakhstan (+X%) displayed positive paces of growth. Moldova experienced a relatively flat trend pattern. By contrast, Belarus (-X%) illustrated a downward trend over the same period. While the share of Russia (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported salt in CIS, making up X% of global imports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of global imports. It was followed by Moldova, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Russia stood at +X%. In the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and Moldova (+X% per year).

Import Prices by Country

The salt import price in CIS stood at $X per tonne in 2017, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% y-o-y. The level of import price peaked of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Kazakhstan ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Moldova (+X% per year), while the other leaders experienced more modest paces of growth.