Italy: Salt Market 2022

Salt Market Size in Italy

In 2021, the Italian salt market decreased by -X% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, recorded measured growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Salt Production in Italy

In value terms, salt production shrank rapidly to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then dropped notably in the following year.

Salt Exports

Exports from Italy

In 2021, shipments abroad of salt and pure sodium chloride decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Overall, exports showed a perceptible decrease. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tonnes in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, salt exports contracted sharply to $X in 2021. In general, total exports indicated a temperate expansion from 2012 to 2021: its value decreased 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 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

The United States (X tonnes) was the main destination for salt exports from Italy, accounting for a X% share of total exports. Moreover, salt exports to the United States exceeded the volume sent to the second major destination, Germany (X tonnes), fourfold. France (X tonnes) ranked third in terms of total exports with an X% share.

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

In value terms, the largest markets for salt exported from Italy were the United States ($X), Germany ($X) and France ($X), with a combined X% share of total exports.

The United States, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2021, the average salt export price amounted to $X per tonne, surging by X% against the previous year. In general, export price indicated buoyant growth 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 most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per tonne), while the average price for exports to the United States ($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 France (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Italy

In 2021, the amount of salt and pure sodium chloride imported into Italy surged to X tonnes, increasing by X% against 2020. Over the period under review, imports, however, saw a deep slump. Imports peaked at X tonnes in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, salt imports soared to $X in 2021. In general, imports, however, continue to indicate a pronounced setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Tunisia (X tonnes) constituted the largest supplier of salt to Italy, with a X% share of total imports. Moreover, salt imports from Tunisia exceeded the figures recorded by the second-largest supplier, Austria (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 Tunisia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Germany (-X% per year).

In value terms, Austria ($X), Germany ($X) and Tunisia ($X) appeared to be the largest salt suppliers to Italy, with a combined X% share of total imports. Egypt, France and Turkey lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average salt import price stood at $X per tonne in 2021, falling by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. 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 reached 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 Germany ($X per tonne), while the price for Tunisia ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform