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Report Latin America and the Caribbean - Salt - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 18, 2022

Latin America and the Caribbean - Salt - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Salt Market 2022

Salt Market Size in Latin America and the Caribbean

For the third consecutive year, the Latin American salt market recorded growth in sales value, which increased by X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Salt Production in Latin America and the Caribbean

In value terms, salt production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of in 2021 were Mexico (X tonnes), Chile (X tonnes) and Brazil (X tonnes), together comprising X% of total production.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Mexico (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Salt Exports

Exports in Latin America and the Caribbean

In 2021, salt exports in Latin America and the Caribbean stood at X tonnes, growing by X% on the previous year's figure. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, salt exports amounted to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico represented the major exporter of salt and pure sodium chloride in Latin America and the Caribbean, with the volume of exports accounting for X tonnes, which was near X% of total exports in 2021. It was distantly followed by Chile (X tonnes), creating a X% share of total exports. Brazil (X tonnes) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +X% from 2012 to 2021. At the same time, Brazil (+X%) and Chile (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. While the share of Mexico (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Chile (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt supplying countries in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined X% share of total exports.

Brazil, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per tonne in 2021, which is down by -X% against the previous year. Over the period under review, the export price recorded a abrupt setback. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per tonne. From 2017 to 2021, the the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per tonne), while Mexico ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-X%), while the other leaders experienced a decline in the export price figures.

Salt Imports

Imports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in supplies from abroad of salt and pure sodium chloride, which increased by X% to X tonnes in 2021. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, salt imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, reaching X tonnes, which was near X% of total imports in 2021. It was distantly followed by Guatemala (X tonnes), the Dominican Republic (X tonnes) and Mexico (X tonnes), together comprising a X% share of total imports. The following importers - Paraguay (X tonnes), Colombia (X tonnes), Peru (X tonnes), Uruguay (X tonnes), Costa Rica (X tonnes) and Honduras (X tonnes) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to salt imports into Brazil stood at +X%. At the same time, the Dominican Republic (+X%), Guatemala (+X%), Costa Rica (+X%), Peru (+X%), Honduras (+X%) and Paraguay (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Colombia (-X%), Uruguay (-X%) and Mexico (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Dominican Republic and Guatemala increased by +X and +X percentage points, respectively. 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 increased at an average annual rate of +X% over the period from 2012-2021. 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 import price in Latin America and the Caribbean stood at $X per tonne in 2021, growing by X% against the previous year. Import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, salt import price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of X%. As a result, import price reached the peak level of $X per tonne. From 2019 to 2021, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in LatAmerica and the Caribbean?
+
The country with the largest volume of salt consumption was Brazil, accounting for 34% of total volume. Moreover, salt consumption in Brazil exceeded the figures recorded by the second-largest consumer, Colombia, threefold. The third position in this ranking was occupied by Argentina, with a 12% share.
What are the largest producers of salt and pure sodium chloride in LatAmerica and the Caribbean?
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The countries with the highest volumes of in 2021 were Mexico, Chile and Brazil, together accounting for 77% of total production.
What are the leading exporters of salt and pure sodium chloride in LatAmerica and the Caribbean?
+
In value terms, the largest salt supplying countries in Latin America and the Caribbean were Mexico, Chile and Brazil, with a combined 87% share of total exports.
What are the leading importers of salt and pure sodium chloride in LatAmerica and the Caribbean?
+
In value terms, Brazil constitutes the largest market for imported salt and pure sodium chloride in Latin America and the Caribbean, comprising 42% of total imports. The second position in the ranking was occupied by Mexico, with a 12% share of total imports. It was followed by Guatemala, with a 6.1% share.
What is the average export price for salt and pure sodium chloride in LatAmerica and the Caribbean?
+
In 2021, the export price in Latin America and the Caribbean amounted to $18 per tonne, falling by -4.5% against the previous year.
What is the average import price for salt and pure sodium chloride in LatAmerica and the Caribbean?
+
The import price in Latin America and the Caribbean stood at $74 per tonne in 2021, rising by 7.4% against the previous year.

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 2030.


Product coverage:
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• 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 Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

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

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 2007–2021
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 2007–2021
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
• 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 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Physical Terms, By Country, 2007–2021
Table 7:
Imports, In Value Terms, By Country, 2007–2021
Table 8:
Import Prices, By Country Of Destination, 2007–2021
Table 9:
Exports, In Physical Terms, By Country, 2007–2021
Table 10:
Exports, In Value Terms, By Country, 2007–2021
Table 11:
Export Prices, By Country Of Origin, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
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, 2007–2021
Figure 17:
Production, In Value Terms, 2007–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2007–2021
Figure 20:
Imports, In Physical Terms, 2007–2021
Figure 21:
Imports, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2007–2021
Figure 24:
Imports, In Value Terms, By Country, 2007–2021
Figure 25:
Import Prices, By Country, 2007–2021
Figure 26:
Exports, In Physical Terms, 2007–2021
Figure 27:
Exports, In Value Terms, 2007–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2007–2021
Figure 30:
Exports, In Value Terms, By Country, 2007–2021
Figure 31:
Export Prices, 2007–2021
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