Malaysia: Salt Market Overview 2021

Salt Market Size in Malaysia

The Malaysian salt market reduced to $X in 2019, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2014 to 2019, the growth of the market failed to regain the momentum.

Salt Exports

Exports from Malaysia

In 2019, shipments abroad of salt and pure sodium chloride decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, total exports indicated temperate growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2018, and then dropped remarkably in the following year.

In value terms, salt exports fell to $X in 2019. Overall, total exports indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2019, exports failed to regain the momentum.

Exports by Country

Singapore (X tonnes) was the main destination for salt exports from Malaysia, with a X% share of total exports. Moreover, salt exports to Singapore exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), twofold. American Samoa (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Singapore totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and American Samoa (X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Singapore stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2019, the average salt export price amounted to $X per tonne, surging by X% against the previous year. Overall, export price indicated a noticeable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2010; however, from 2011 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Indonesia ($X per tonne), while the average price for exports to Cambodia ($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 Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Malaysia

In 2019, the amount of salt and pure sodium chloride imported into Malaysia contracted to X tonnes, waning by -X% against 2018 figures. Overall, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

In value terms, salt imports dropped to $X in 2019. In general, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, India (X tonnes) constituted the largest supplier of salt to Malaysia, with a X% share of total imports. Moreover, salt imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X tonnes), sevenfold. Thailand (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Thailand (-X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Singapore (-X% per year).

Import Prices by Country

In 2019, the average salt import price amounted to $X per tonne, stabilizing at the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2009; however, from 2010 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, 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), with a combined 47% share of global production. Canada, Germany, Australia, Chile, Mexico, Brazil, Egypt, Turkey, France and the Netherlands lagged somewhat behind, together accounting for a further 29%.

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

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In value terms, India ($5.4M) constituted the largest supplier of salt to Malaysia, comprising 30% of total imports. The second position in the ranking was occupied by Thailand ($2.6M), with a 14% share of total imports. It was followed by Singapore, with a 13% share.

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

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In value terms, Singapore ($2.4M) remains the key foreign market for salt exports from Malaysia, comprising 64% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($601K), with a 16% share of total exports. It was followed by Indonesia, with a 5.2% share.

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

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In 2019, the average salt export price amounted to $131 per tonne, increasing by 7.3% against the previous year.

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

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In 2019, the average salt import price amounted to $95 per tonne, leveling off at the previous year.