Colombia: Salt Market 2024

Salt Market Size in Colombia

The Colombian salt market reached $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Salt Production in Colombia

In value terms, salt production reached $X in 2022 estimated in export price. In general, production, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Salt production peaked in 2022 and is likely to see gradual growth in the immediate term.

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Salt Exports

Exports from Colombia

In 2022, approx. X tons of salt and pure sodium chloride were exported from Colombia; surging by X% compared with the previous year's figure. In general, exports, however, continue to indicate a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, salt exports expanded sharply to $X in 2022. Overall, exports, however, saw a noticeable setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for salt exports from Colombia, with a X% share of total exports. Moreover, salt exports to Costa Rica exceeded the volume sent to the second major destination, the Dominican Republic (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Costa Rica totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and the United States (X% per year).

In value terms, Honduras ($X), Costa Rica ($X) and the United States ($X) constituted the largest markets for salt exported from Colombia worldwide, with a combined X% share of total exports.

Honduras, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average salt export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Colombia

In 2022, supplies from abroad of salt and pure sodium chloride increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, salt imports surged to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Peru (X tons) was the main salt supplier to Colombia, with a X% share of total imports. It was followed by the Dominican Republic (X tons), with a X% share of total imports. The third position in this ranking was held by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Chile (X% per year).

In value terms, Peru ($X) constituted the largest supplier of salt and pure sodium chloride to Colombia, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by the Dominican Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Peru totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2022, the average salt import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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