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 2018, stabilizing at the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2008, with an increase of X% y-o-y. The level of salt consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Salt Production in Eastern Asia

In value terms, salt production amounted to $X in 2018 estimated in export prices. The total output indicated a noticeable increase from 2007 to 2018: its value 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, the salt production increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008, when the output figure increased by X% year-to-year. Over the period under review, salt production reached its maximum level at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Salt Exports

Exports in Eastern Asia

In 2018, the amount of salt and pure sodium chloride exported in Eastern Asia stood at X tonnes, going up by X% against the previous year. The total exports indicated a remarkable growth from 2007 to 2018: its volume 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, the salt exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2009, with an increase of X% year-to-year. Over the period under review, salt exports reached their peak figure at X tonnes in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, salt exports stood at $X in 2018. The total exports indicated a strong growth from 2007 to 2018: its value 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, the salt exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008, when exports increased by X% year-to-year. The level of exports peaked at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

China dominates salt exports structure, recording X tonnes, which was near X% of total exports in 2018. It was distantly followed by South Korea (X tonnes), committing X% share of total exports. Japan (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to salt exports from China stood at +X%. At the same time, South Korea (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2018. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of South Korea and China decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, salt exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Japan (+X% per year).

Export Prices by Country

The salt export price in Eastern Asia stood at $X per tonne in 2018, waning by -X% against 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, an increase of X% year-to-year. The level of export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

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

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

Salt Imports

Imports in Eastern Asia

The imports totaled X tonnes in 2018, rising by X% against the previous year. The total imports indicated a significant 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, the salt imports decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2008, with an increase of X% against the previous year. The volume of imports peaked at X tonnes in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, salt imports amounted to $X in 2018. Over the period under review, salt imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, with an increase of X% y-o-y. The level of imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

China (X tonnes) and Japan (X tonnes) represented the key importers of salt and pure sodium chloride in 2018, amounting to near X% and X% of total imports, respectively. It was distantly followed by Taiwan, Chinese (X tonnes) and South Korea (X tonnes), together making up X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, while the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), China ($X) and Taiwan, Chinese ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

China experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven year period, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2018, the salt import price in Eastern Asia amounted to $X per tonne, dropping by -X% against the previous year. In general, the salt import price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2009, when the import price increased by X% against the previous year. In that year, the import prices for salt and pure sodium chloride attained their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the import prices for salt and pure sodium chloride remained at a somewhat lower figure.

Import prices varied noticeably by the country of destination; the country with the highest import price was Japan ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Taiwan, Chinese, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform