Ireland: Salt Market 2022

Salt Market Size in Ireland

The Irish salt market expanded significantly to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Salt Exports

Exports from Ireland

Salt exports from Ireland expanded notably to X tonnes in 2021, surging by X% against 2020. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tonnes in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, salt exports surged to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for salt exports from Ireland, with a X% share of total exports. Moreover, salt exports to the UK exceeded the volume sent to the second major destination, Belgium (X tonnes), twofold.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +X%.

In value terms, Belgium ($X) remains the key foreign market for salt exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports.

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

Export Prices by Country

In 2021, the average salt export price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per tonne), while the average price for exports to the UK totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-X%).

Salt Imports

Imports into Ireland

Salt imports into Ireland expanded rapidly to X tonnes in 2021, picking up by X% on the previous year. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, salt imports expanded remarkably to $X in 2021. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the UK (X tonnes) constituted the largest supplier of salt to Ireland, accounting for a X% share of total imports. Moreover, salt imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

In value terms, the UK ($X) constituted the largest supplier of salt to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average salt import price stood at $X per tonne in 2021, surging by X% against the previous year. In general, the import price, however, saw a perceptible descent. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per tonne), while the price for the UK ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform