Japan: Salt Market Overview 2021

Salt Market Size in Japan

The Japanese salt market dropped remarkably to $X in 2019, reducing by -X% against the previous year. Over the period under review, consumption recorded a deep setback. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Salt Production in Japan

In value terms, salt production shrank markedly to $X in 2019 estimated in export prices. In general, production posted perceptible growth. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

Salt Exports

Exports from Japan

Salt exports from Japan expanded markedly to X tonnes in 2019, growing by X% against the previous year's figure. In general, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, salt exports fell to $X in 2019. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Singapore (X tonnes), China (X tonnes) and Taiwan (Chinese) (X tonnes) were the main destinations of salt exports from Japan, together comprising X% of total exports. These countries were followed by Thailand, Hong Kong SAR, Germany and Viet Nam, which together accounted for a further X 2007 to 2019, the biggest increases were in Germany, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salt exported from Japan were Germany ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total exports.

Germany recorded 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

The average salt export price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, the export price, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2019, 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 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Japan

In 2019, salt imports into Japan shrank markedly to X tonnes, which is down by -X% on the previous year's figure. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, salt imports fell remarkably to $X in 2019. Overall, imports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

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

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India, while imports for the other leaders experienced a decline.

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

From 2007 to 2019, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Germany (-X% per year).

Import Prices by Country

The average salt import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The import price peaked at $X per tonne in 2008; however, from 2009 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in the world?

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The countries with the highest volumes of salt consumption in 2019 were China (77M tonnes), the U.S. (62M tonnes) and India (18M tonnes), together comprising 51% of global consumption. These countries were followed by Australia, Germany, Canada, Brazil, Mexico, France, the UK and Turkey, which together accounted for a further 22%.

What are the largest producers of salt and pure sodium chloride in the world?

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The countries with the highest volumes of salt production in 2019 were China (69M tonnes), the U.S. (42M tonnes) and India (31M tonnes), together accounting for 47% of global production. These countries were followed by Canada, Germany, Australia, Chile, Mexico, Brazil, Egypt, Turkey, France and the Netherlands, which together accounted for a further 29%.

What are the leading suppliers of salt and pure sodium chloride to Japan?

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In value terms, India ($22M) constituted the largest supplier of salt to Japan, comprising 62% of total imports. The second position in the ranking was occupied by the U.S. ($2.4M), with a 6.8% share of total imports. It was followed by Germany, with a 5.4% share.

What are the leading importers of salt and pure sodium chloride from Japan?

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In value terms, the largest markets for salt exported from Japan were Germany ($879K), China ($448K) and Taiwan (Chinese) ($395K), with a combined 47% share of total exports.

What is the average export price for salt and pure sodium chloride in Japan?

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In 2019, the average salt export price amounted to $1,361 per tonne, which is down by -20.9% against the previous year.

What is the average import price for salt and pure sodium chloride in Japan?

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The average salt import price stood at $45 per tonne in 2019, jumping by 95% against the previous year.