India: Salt Market Overview 2021

Salt Market Size in India

The Indian salt market skyrocketed to $X in 2019, picking up by X% against the previous year. Over the period under review, consumption enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level in 2019 and is likely to continue growth in the near future.

Salt Production in India

In value terms, salt production surged to $X in 2019 estimated in export prices. Overall, production showed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, production reached the maximum level in 2019 and is likely to see steady growth in the near future.

Salt Exports

Exports from India

Salt exports from India was estimated at X tonnes in 2019, with an increase of X% against 2018 figures. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, salt exports stood at $X in 2019. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in years to come.

Exports by Country

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

From 2007 to 2019, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).

In value terms, China ($X) remains the key foreign market for salt exports from India, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2019, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2019, the average salt export price amounted to $X per tonne, picking up by X% against the previous year. In general, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Qatar ($X per tonne), while the average price for exports to Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into India

After four years of growth, supplies from abroad of salt and pure sodium chloride decreased by -X% to X tonnes in 2019. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tonnes in 2018, and then declined dramatically in the following year.

In value terms, salt imports shrank to $X in 2019. In general, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2019, Pakistan (X tonnes) constituted the largest supplier of salt to India, with a X% share of total imports. Moreover, salt imports from Pakistan exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Pakistan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the UK (+X% per year).

In value terms, Pakistan ($X), China ($X) and the UK ($X) were the largest salt suppliers to India, with a combined X% share of total imports.

China (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average salt import price stood at $X per tonne in 2019, jumping by X% against the previous year. Over the period under review, import price indicated buoyant growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, salt import price increased by +X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in the world?

+

The countries with the highest volumes of salt consumption in 2019 were China (77M tonnes), the U.S. (62M tonnes) and India (18M tonnes), with a combined 51% share of global consumption. Australia, Germany, Canada, Brazil, Mexico, France, the UK and Turkey lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of salt and pure sodium chloride in the world?

+

The countries with the highest volumes of salt production in 2019 were China (69M tonnes), the U.S. (42M tonnes) and India (31M tonnes), with a combined 47% share of global production. Canada, Germany, Australia, Chile, Mexico, Brazil, Egypt, Turkey, France and the Netherlands lagged somewhat behind, together comprising a further 29%.

What are the leading suppliers of salt and pure sodium chloride to India?

+

In value terms, the largest salt suppliers to India were Pakistan ($1.9M), China ($1.2M) and the UK ($362K), together comprising 48% of total imports.

What are the leading importers of salt and pure sodium chloride from India?

+

In value terms, China ($84M) remains the key foreign market for salt exports from India, comprising 35% of total exports. The second position in the ranking was occupied by South Korea ($34M), with a 14% share of total exports. It was followed by Japan, with a 9.2% share.

What is the average export price for salt and pure sodium chloride in India?

+

In 2019, the average salt export price amounted to $18 per tonne, surging by 2.6% against the previous year.

What is the average import price for salt and pure sodium chloride in India?

+

The average salt import price stood at $117 per tonne in 2019, rising by 47% against the previous year.