Greece: Salt Market 2022

Salt Market Size in Greece

The Greek salt market reduced to $X in 2021, which is down by -X% against the previous year. In general, consumption recorded a perceptible descent. Salt consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Salt Production in Greece

In value terms, salt production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production showed a mild contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Salt Exports

Exports from Greece

In 2021, exports of salt and pure sodium chloride from Greece totaled X tonnes, increasing by X% on the previous year. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its volume 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 decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tonnes. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, salt exports rose rapidly to $X in 2021. Over the period under review, total exports indicated buoyant growth 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 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X tonnes) was the main destination for salt exports from Greece, with a X% share of total exports. Moreover, salt exports to Bulgaria exceeded the volume sent to the second major destination, North Macedonia (X tonnes), twofold. The third position in this ranking was occupied by South Korea (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bulgaria stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+X% per year) and South Korea (+X% per year).

In value terms, the largest markets for salt exported from Greece were Bulgaria ($X), Canada ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Romania, North Macedonia, South Korea, Cyprus, Hungary, Albania and Serbia, which together accounted for a further X the main countries of destination, South Korea, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average salt export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, salt export price increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per tonne), while the average price for exports to Albania ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Greece

In 2021, the amount of salt and pure sodium chloride imported into Greece contracted rapidly to X tonnes, dropping by -X% against 2020. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tonnes in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, salt imports reduced to $X in 2021. In general, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Tunisia (X tonnes), Egypt (X tonnes) and Turkey (X tonnes) were the main suppliers of salt imports to Greece, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Tunisia ($X) constituted the largest supplier of salt to Greece, comprising X% of total imports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Tunisia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2021, the average salt import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform