Malaysia: Salt Market Overview 2021

Salt Market Size in Malaysia

After four years of growth, the Malaysian salt market decreased by -X% to $X in 2020. In general, consumption, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2014 to 2020, the growth of the market remained at a somewhat lower figure.

Salt Exports

Exports from Malaysia

In 2020, shipments abroad of salt and pure sodium chloride decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, salt exports reduced remarkably to $X in 2020. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports remained at a lower figure.

Exports by Country

Myanmar (X tonnes) was the main destination for salt exports from Malaysia, accounting for a approx. X% share of total exports.

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

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

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

Export Prices by Country

In 2020, the average salt export price amounted to $X per tonne, rising by X% against the previous year. In general, export price indicated a prominent increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, salt export price increased by +X% against 2018 indices. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Salt Imports

Imports into Malaysia

In 2020, purchases abroad of salt and pure sodium chloride increased by X% to X tonnes, rising for the fifth consecutive year after two years of decline. Over the period under review, imports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, salt imports reduced sharply to $X in 2020. In general, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, 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, China (X tonnes), twofold. Pakistan (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Pakistan (+X% per year).

In value terms, India ($X), China ($X) and New Zealand ($X) appeared to be the largest salt suppliers to Malaysia, together accounting for X% of total imports. These countries were followed by Pakistan, which accounted for a further X the main suppliers, Pakistan recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average salt import price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform