Kazakhstan: Salt Market Overview 2021

Salt Market Size in Kazakhstan

The Kazakh salt market surged to $X in 2020, growing by X% against the previous year. In general, consumption posted a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Salt Production in Kazakhstan

In value terms, salt production amounted to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2008 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Salt Exports

Exports from Kazakhstan

In 2020, shipments abroad of salt and pure sodium chloride decreased by -X% to X tonnes for the first time since 2006, thus ending a thirteen-year rising trend. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes, and then shrank dramatically in the following year.

In value terms, salt exports fell remarkably to $X in 2020. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then shrank significantly in the following year.

Exports by Country

Russia (X tonnes) was the main destination for salt exports from Kazakhstan, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Russia stood at +X%.

In value terms, Russia ($X) also remains the key foreign market for salt exports from Kazakhstan.

From 2007 to 2020, the average annual rate of growth in terms of value to Russia stood at +X%.

Export Prices by Country

In 2020, the average salt export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to -X% per year.

Salt Imports

Imports into Kazakhstan

In 2020, salt imports into Kazakhstan amounted to X tonnes, with an increase of X% against the previous year. In general, imports continue to indicate a measured increase. The pace of growth was the most pronounced in 2012 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, salt imports expanded remarkably to $X in 2020. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Russia (X tonnes) constituted the largest salt supplier to Kazakhstan, with a X% share of total imports. Moreover, salt imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X tonnes), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+X% per year) and Uzbekistan (+X% per year).

In value terms, Russia ($X) constituted the largest supplier of salt to Kazakhstan, comprising X% of total imports. The second position in the ranking was occupied by Belarus ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Russia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+X% per year) and Uzbekistan (+X% per year).

Import Prices by Country

The average salt import price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the import price enjoyed a measured increase. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Russia ($X per tonne), while the price for Uzbekistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform