Japan: Salt Market 2022

Salt Market Size in Japan

The Japanese salt market expanded rapidly to $X in 2021, growing by X% against the previous year. In general, consumption saw strong growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Salt Production in Japan

In value terms, salt production shrank slightly to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Salt Exports

Exports from Japan

In 2021, shipments abroad of salt and pure sodium chloride decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its volume 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, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, salt exports soared to $X in 2021. In general, total exports indicated noticeable growth from 2012 to 2021: its value 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. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tonnes), Singapore (X tonnes) and Taiwan (Chinese) (X tonnes) were the main destinations of salt exports from Japan, together accounting for X% of total exports. These countries were followed by Hong Kong SAR, Thailand, South Korea, Vietnam and Germany, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for salt exports from Japan, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

The average salt export price stood at $X per tonne in 2021, growing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($X per tonne), while the average price for exports to Singapore ($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 Vietnam (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Japan

In 2021, approx. X tonnes of salt and pure sodium chloride were imported into Japan; with an increase of X% compared with 2020. Over the period under review, imports saw a moderate expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tonnes in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, salt imports amounted to $X in 2021. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth imports remained at a lower figure.

Imports by Country

Australia (X tonnes), Mexico (X tonnes) and India (X tonnes) were the main suppliers of salt imports to Japan, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Mexico ($X) and China ($X) constituted the largest salt suppliers to Japan, together comprising X% of total imports.

Australia, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the average salt import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, import price indicated a prominent increase 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. The pace of growth appeared the most rapid in 2015 an increase of X%. The import price peaked at $X per tonne in 2016; however, from 2017 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 China ($X per tonne), while the price for Mexico ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform