Indonesia: Salt Market 2022

Salt Market Size in Indonesia

The Indonesian salt market expanded notably to $X in 2021, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Salt Production in Indonesia

In value terms, salt production plummeted to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed pronounced growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Salt Exports

Exports from Indonesia

After two years of growth, overseas shipments of salt and pure sodium chloride decreased by -X% to X tonnes in 2021. In general, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, salt exports declined rapidly to $X in 2021. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X tonnes), the United States (X tonnes) and Malaysia (X tonnes) were the main destinations of salt exports from Indonesia, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for salt exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with an X% share of total exports. It was followed by Timor-Leste, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Timor-Leste (-X% per year).

Export Prices by Country

The average salt export price stood at $X per tonne in 2021, increasing by X% against the previous year. In general, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per tonne), while the average price for exports to Timor-Leste ($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 Japan (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Salt Imports

Imports into Indonesia

In 2021, imports of salt and pure sodium chloride into Indonesia rose rapidly to X tonnes, increasing by X% on the previous year. Over the period under review, total imports indicated a moderate increase 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, imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, salt imports expanded markedly to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tonnes) constituted the largest supplier of salt to Indonesia, accounting for a X% share of total imports. Moreover, salt imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tonnes), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Australia stood at +X%.

Import Prices by Country

In 2021, the average salt import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($X per tonne), while the price for India stood at $X per tonne.

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

Source: IndexBox Platform