Eastern Asia - Salt - Market Analysis, Forecast, Size, Trends and Insights

Eastern Asia: Salt Market Overview 2019

Salt Market Size in Eastern Asia

The revenue of the salt market in Eastern Asia amounted to $X in 2017, rising by X% against the previous year. The total market indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when market value increased by X% year-to-year. The level of salt consumption peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Salt Production in Eastern Asia

The salt production stood at X tonnes in 2017, leveling off at 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 somewhat noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. The volume of salt production peaked of X tonnes in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Salt Exports

Exports in Eastern Asia

In 2017, the amount of salt exported in Eastern Asia totaled X tonnes, increasing by X% against the previous year. The total exports indicated a remarkable growth 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. The growth pace was the most rapid in 2009, with an increase of X% against the previous year. Over the period under review, the salt exports reached its maximum volume of X tonnes in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, salt exports amounted to $X in 2017. The salt exports continue to indicate a remarkable growth. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Exports by Country

China dominates salt exports structure, reaching X tonnes, which was near X% of total exports in 2017. South Korea (X tonnes) followed a long way behind the leaders.

China was also the fastest growing in terms of the salt exports, with a CAGR of +X% from 2007 to 2017. At the same time, South Korea (+X%) displayed positive paces of growth. China (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest salt supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports.

In China, salt exports expanded at an average annual rate of +X% over the period from 2007-2017.

Export Prices by Country

In 2017, the salt export price in Eastern Asia amounted to $X per tonne, increasing by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% y-o-y. The level of export price peaked of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was South Korea ($X per tonne), while China ($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 China (+X% per year).

Salt Imports

Imports in Eastern Asia

The imports totaled X tonnes in 2017, approximately mirroring the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. In that year, the salt imports attained their peak volume of X tonnes. From 2014 to 2017, growth of the salt imports failed to regain its momentum.

In value terms, salt imports stood at $X in 2017. The total imports indicated a moderate growth from 2007 to 2017: its value 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 level of imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, China (X tonnes) represented the largest importer for salt, making up X% of total imports. Japan (X tonnes) ranks second in terms of the global imports with a X% share, followed by South Korea (X%) and Taiwan, Chinese (X%).

China was also the fastest growing in terms of the salt imports, with a CAGR of +X% from 2007 to 2017. At the same time, South Korea (+X%) displayed positive paces of growth. By contrast, Japan (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Japan and Taiwan, Chinese increased by X% and X% percentage points, while South Korea (-X%) and China (-X%) saw their share reduced.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports.

China (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main importing countriesover the last decade, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2017, the salt import price in Eastern Asia amounted to $X per tonne, falling by -X% against the previous year. The salt import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009, when the import prices increased by X% against the previous year. In that year, the import prices for salt attained their peak level of $X per tonne. From 2010 to 2017, growth of the import prices for salt stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Japan ($X per tonne), while Taiwan, Chinese ($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 Japan (+X% per year), while the other leaders experienced a decline in the import price figures.