Japan: Salt Market Overview 2020

Salt Market Size in Japan

The revenue of the salt market in Japan amounted to $X in 2018, declining by -X% against the previous year. In general, salt consumption continues to indicate a moderate contraction. The pace of growth was the most pronounced in 2009 when the market value increased by X% year-to-year. Over the period under review, the salt market reached its peak figure level at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Salt Production in Japan

In value terms, salt production totaled $X in 2018 estimated in export prices. Overall, salt production continues to indicate mild growth. The most prominent rate of growth was recorded in 2008 when production volume increased by X% against the previous year. Over the period under review, salt production reached its maximum level at $X in 2010; however, from 2011 to 2018, production stood at a somewhat lower figure.

Salt Exports

Exports from Japan

In 2018, the amount of salt and pure sodium chloride exported from Japan amounted to X tonnes, surging by X% against the previous year. In general, salt exports, however, continue to indicate a moderate downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% year-to-year. Over the period under review, salt exports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, salt exports stood at $X in 2018. In general, the total exports indicated mild growth from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, salt exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, salt exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Canada (X tonnes) was the main destination for salt exports from Japan, with a X% share of total exports. Moreover, salt exports to Canada exceeded the volume sent to the second major destination, China (X tonnes), twofold. The third position in this ranking was occupied by Taiwan, Chinese (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Taiwan, Chinese (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to China amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan, Chinese (+X% per year) and Singapore (+X% per year).

Export Prices by Country

The average salt export price stood at $X per tonne in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the export price indicated a noticeable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, salt export price decreased by -X% against 2010 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Japan

In 2018, approx. X tonnes of salt and pure sodium chloride were imported into Japan; waning by -X% against the previous year. Over the period under review, salt imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. In that year, salt imports reached their peak of X tonnes. From 2009 to 2018, the growth of salt imports failed to regain its momentum.

In value terms, salt imports totaled $X in 2018. Over the period under review, salt imports continue to indicate a temperate curtailment. The pace of growth appeared the most rapid in 2009 when imports increased by X% against the previous year. Over the period under review, salt imports attained their peak figure at $X in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Australia (X tonnes), Mexico (X tonnes) and India (X tonnes) were the main suppliers of salt imports to Japan, with a combined X% share of total imports. These countries were followed by China, which accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by China, while the other leaders experienced mixed trend patterns.

In value terms, the largest salt suppliers to Japan were Mexico ($X), Australia ($X) and China ($X), with a combined X% share of total imports.

China recorded the highest growth rate of imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced a decline.

Import Prices by Country

In 2018, the average salt import price amounted to $X per tonne, waning by -X% against the previous year. In general, the salt import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was China ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform