Indonesia: Salt Market Overview 2021

Salt Market Size in Indonesia

The Indonesian salt market expanded modestly to $X in 2020, surging by X% against the previous year. Overall, the total consumption indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2012 to 2020, the growth of the market remained at a lower figure.

Salt Production in Indonesia

In value terms, salt production contracted to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2020, production growth remained at a somewhat lower figure.

Salt Exports

Exports from Indonesia

In 2020, the amount of salt and pure sodium chloride exported from Indonesia soared to X tonnes, with an increase of X% on the previous year's figure. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2013 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, salt exports shrank to $X in 2020. Overall, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2013 to 2020, the growth exports remained at a lower figure.

Exports by Country

Timor-Leste (X tonnes) was the main destination for salt exports from Indonesia, with a X% share of total exports. Moreover, salt exports to Timor-Leste exceeded the volume sent to the second major destination, Malaysia (X tonnes), fourfold. Japan (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Timor-Leste stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and Japan (-X% per year).

In value terms, the U.S. ($X), Timor-Leste ($X) and Japan ($X) were the largest markets for salt exported from Indonesia worldwide, together accounting for X% of total exports. These countries were followed by Singapore and Malaysia, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average salt export price amounted to $X per tonne, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. The export price peaked at $X per tonne in 2019, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Indonesia

Salt imports into Indonesia expanded slightly to X tonnes in 2020, growing by X% compared with the previous year's figure. Overall, total imports indicated buoyant growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, salt imports expanded to $X in 2020. Over the period under review, total imports indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Australia (X tonnes) and India (X tonnes) were the main suppliers of salt imports to Indonesia, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in India.

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 2007 to 2020, the average annual growth rate of value from Australia totaled +X%.

Import Prices by Country

The average salt import price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the import price, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2020, 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 amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Source: IndexBox AI Platform