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Latin America and the Caribbean - Salt - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Salt Market Overview 2020

Salt Market Size in Latin America and the Caribbean

The Latin American salt market skyrocketed to $X in 2019, rising by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.

Salt Production in Latin America and the Caribbean

In value terms, salt production fell slightly to $X in 2019 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of salt production in 2019 were Chile (X tonnes), Mexico (X tonnes) and Brazil (X tonnes), together accounting for X% of total production.

From 2007 to 2019, the biggest increases were in Brazil, while salt production for the other leaders experienced more modest paces of growth.

Salt Exports

Exports in Latin America and the Caribbean

In 2019, after two years of growth, there was significant decline in overseas shipments of salt and pure sodium chloride, when their volume decreased by -X% to X tonnes. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports remained at a lower figure.

In value terms, salt exports declined remarkably to $X in 2019. Overall, exports, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a lower figure.

Exports by Country

Chile represented the major exporter of salt and pure sodium chloride in Latin America and the Caribbean, with the volume of exports recording X tonnes, which was near X% of total exports in 2019. Mexico (X tonnes) ranks second in terms of the total exports with a X% share, followed by Brazil (X%) and Bahamas (X%). Peru (X tonnes) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the salt and pure sodium chloride exports, with a CAGR of +X% from 2007 to 2019. At the same time, Brazil (+X%) and Peru (+X%) displayed positive paces of growth. Bahamas experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of Chile (+X p.p.), Brazil (+X p.p.) and Peru (+X p.p.) increased significantly in terms of the total exports from 2007-2019, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest salt supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total exports. It was followed by Bahamas, with a X% share.

In Chile, salt exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Mexico (-X% per year) and Bahamas (+X% per year).

Export Prices by Country

The salt export price in Latin America and the Caribbean stood at $X per tonne in 2019, surging by X% against the previous year. Overall, the export price, however, showed a noticeable setback. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Over the period under review, export prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2019, export prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Bahamas, while the other leaders experienced a decline in the export price figures.

Salt Imports

Imports in Latin America and the Caribbean

In 2019, supplies from abroad of salt and pure sodium chloride increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Total imports indicated a buoyant expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2012; afterwards, it flattened through to 2019.

In value terms, salt imports rose markedly to $X in 2019. Total imports indicated prominent growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. The level of import peaked at $X in 2015; however, from 2016 to 2019, imports remained at a lower figure.

Imports by Country

Brazil dominates salt imports structure, resulting at X tonnes, which was near X% of total imports in 2019. It was distantly followed by Colombia (X tonnes), Argentina (X tonnes), Honduras (X tonnes) and Guatemala (X tonnes), together constituting a X% share of total imports. The following importers - Uruguay (X tonnes), the Dominican Republic (X tonnes), Peru (X tonnes), Paraguay (X tonnes), Costa Rica (X tonnes) and Mexico (X tonnes) - together made up X% of total imports.

From 2007 to 2019, average annual rates of growth with regard to salt imports into Brazil stood at +X%. At the same time, Guatemala (+X%), Honduras (+X%), the Dominican Republic (+X%), Peru (+X%), Argentina (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Paraguay, Costa Rica and Uruguay experienced a relatively flat trend pattern. By contrast, Mexico (-X%) illustrated a downward trend over the same period. While the share of Brazil (+X p.p.), Honduras (+X p.p.), Guatemala (+X p.p.), the Dominican Republic (+X p.p.), Argentina (+X p.p.) and Peru (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Mexico (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported salt and pure sodium chloride in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

In Brazil, salt imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Guatemala (+X% per year).

Import Prices by Country

The salt import price in Latin America and the Caribbean stood at $X per tonne in 2019, rising by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices reached the maximum at $X per tonne in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per tonne), while Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders 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 LatAmerica and the Caribbean?
+
The countries with the highest volumes of salt consumption in 2019 were Brazil (9.9M tonnes), Mexico (9.2M tonnes) and Chile (2.3M tonnes), together comprising 90% of total consumption.
What are the largest producers of salt and pure sodium chloride in LatAmerica and the Caribbean?
+
The countries with the highest volumes of salt production in 2019 were Chile (11M tonnes), Mexico (11M tonnes) and Brazil (9.7M tonnes), with a combined 91% share of total production.
What are the leading exporters of salt and pure sodium chloride in LatAmerica and the Caribbean?
+
In value terms, Chile ($149M) remains the largest salt supplier in Latin America and the Caribbean, comprising 57% of total exports. The second position in the ranking was occupied by Mexico ($37M), with a 14% share of total exports. It was followed by Bahamas, with a 12% share.
What are the leading importers of salt and pure sodium chloride in LatAmerica and the Caribbean?
+
In value terms, Brazil ($33M) constitutes the largest market for imported salt and pure sodium chloride in Latin America and the Caribbean, comprising 29% of total imports. The second position in the ranking was occupied by Mexico ($14M), with a 12% share of total imports. It was followed by Guatemala, with a 6.9% share.
What is the average export price for salt and pure sodium chloride in LatAmerica and the Caribbean?
+
The salt export price in Latin America and the Caribbean stood at $21 per tonne in 2019, rising by 1.6% against the previous year.
What is the average import price for salt and pure sodium chloride in LatAmerica and the Caribbean?
+
The salt import price in Latin America and the Caribbean stood at $59 per tonne in 2019, rising by 2.4% against the previous year.

Product coverage:
• Prodcom 08931000 - Salt (including denatured salt but excluding salt suitable for human consumption) and pure sodium chloride, whether or not in aqueous solution or containing added anti-caking or free-flowing agents
• Prodcom 10843000 - Salt suitable for human consumption

This report provides an in-depth analysis of the salt market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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