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

CIS: Salt Market Overview 2020

Salt Market Size in CIS

The revenue of the salt market in CIS amounted to $X in 2018, growing by X% against the previous year. The total market indicated a slight expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, salt consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. The level of salt consumption peaked at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Salt Production in CIS

In value terms, salt production amounted to $X in 2018 estimated in export prices. The total output indicated a moderate increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, salt production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, salt production reached its maximum level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Production By Country in CIS

The countries with the highest volumes of salt production in 2018 were Belarus (X tonnes), Russia (X tonnes) and Uzbekistan (X tonnes), together comprising X% of total production. These countries were followed by Kazakhstan, which accounted for a further X 2007 to 2018, the most notable rate of growth in terms of salt production, amongst the main producing countries, was attained by Kazakhstan, while the other leaders experienced mixed trends in the production figures.

Salt Exports

Exports in CIS

In 2018, the salt exports in CIS totaled X tonnes, waning by -X% against the previous year. Over the period under review, salt exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. The volume of exports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, salt exports totaled $X in 2018. Overall, salt exports, however, continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. The level of exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

In 2018, Belarus (X tonnes) represented the largest exporter of salt and pure sodium chloride, generating X% of total exports. Kazakhstan (X tonnes) held the second position in the ranking, distantly followed by Russia (X tonnes). All these countries together occupied approx. X% share of total exports.

Exports from Belarus increased at an average annual rate of +X% from 2007 to 2018. 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 2007-2018. While the share of Belarus (+X p.p.), Kazakhstan (+X p.p.) and Russia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest salt supplier in CIS, comprising X% of total salt exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total exports.

In Belarus, salt exports expanded at an average annual rate of +X% over the period from 2007-2018. 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 2018, growing by X% against the previous year. In general, the salt export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. Over the period under review, the export prices for salt and pure sodium chloride attained their maximum at $X per tonne in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Russia ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced mixed trends in the export price figures.

Salt Imports

Imports in CIS

The imports amounted to X tonnes in 2018, shrinking by -X% against the previous year. The total imports indicated moderate growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, salt imports decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. The volume of imports peaked at X tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.

In value terms, salt imports stood at $X in 2018. In general, salt imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, salt imports attained their peak figure at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

Russia dominates salt imports structure, amounting to X tonnes, which was approx. X% of total imports in 2018. The following importers - Moldova (X tonnes), Kazakhstan (X tonnes), Azerbaijan (X tonnes) and Belarus (X tonnes) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to salt imports into Russia stood at +X%. At the same time, Kazakhstan (+X%) and Moldova (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer in CIS, with a CAGR of +X% from 2007-2018. By contrast, Belarus (-X%) and Azerbaijan (-X%) illustrated a downward trend over the same period. Russia (+X p.p.) and Moldova (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual growth rate of value in Russia amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: 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 2018, flattening at the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for salt and pure sodium chloride reached their peak figure at $X per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belarus, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform