Eastern Asia: Salt Market 2022

Salt Market Size in Eastern Asia

After two years of growth, the East Asian salt market decreased by -X% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell in the following year.

Salt Production in Eastern Asia

In value terms, salt production fell to $X in 2021 estimated in export price. Overall, production, however, recorded a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Production By Country in Eastern Asia

China (X tonnes) remains the largest salt producing country in Eastern Asia, comprising approx. X% of total volume.

In China, salt production remained relatively stable over the period from 2012-2021.

Salt Exports

Exports in Eastern Asia

After two years of decline, shipments abroad of salt and pure sodium chloride increased by X% to X tonnes in 2021. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, salt exports skyrocketed to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value 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 increased by +X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X tonnes, which was near X% of total exports in 2021. Taiwan (Chinese) (X tonnes) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest salt supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, salt exports expanded at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per tonne, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per tonne), while Taiwan (Chinese) totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Salt Imports

Imports in Eastern Asia

In 2021, imports of salt and pure sodium chloride in Eastern Asia expanded remarkably to X tonnes, increasing by X% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tonnes in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, salt imports expanded sharply to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Japan was the major importer of salt and pure sodium chloride in Eastern Asia, with the volume of imports finishing at X tonnes, which was near X% of total imports in 2021. It was distantly followed by South Korea (X tonnes), China (X tonnes) and Taiwan (Chinese) (X tonnes), together constituting a X% share of total imports.

Imports into Japan increased at an average annual rate of +X% from 2012 to 2021. At the same time, China (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%) and Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan and China increased by +X and +X percentage points, respectively.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising X% of total imports.

In terms of the main importing countries, Japan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per tonne, standing approx. at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per tonne), while Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform