Middle East - Salt - Market Analysis, Forecast, Size, Trends and Insights

Middle East: Salt Market Overview 2019

Salt Market Size in the Middle East

The revenue of the salt market in the Middle East amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, salt consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2012, when the market value increased by X% against the previous year. The level of salt consumption peaked at $X in 2017, and then declined slightly in the following year.

Salt Production in the Middle East

In value terms, salt production amounted to $X in 2018 estimated in export prices. The total output indicated a remarkable growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the salt production increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2009, with an increase of X% y-o-y. Over the period under review, salt production reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Salt Exports

Exports in the Middle East

In 2018, the amount of salt and pure sodium chloride exported in the Middle East amounted to X tonnes, jumping by X% against the previous year. Over the period under review, salt exports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. The volume of exports peaked at X tonnes in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, salt exports stood at $X in 2018. The total exports indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the salt exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, salt exports attained their peak figure at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporting country with an export of about X tonnes, which accounted for X% of total exports. Saudi Arabia (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by Iran (X%) and Israel (X%).

Turkey was also the fastest growing in terms of the salt and pure sodium chloride exports, with a CAGR of +X% from 2007 to 2018. At the same time, Saudi Arabia (+X%) and Iran (+X%) displayed positive paces of growth. By contrast, Israel (-X%) illustrated a downward trend over the same period. Israel (X%) significantly strengthened its position in terms of the global exports, while Iran, Saudi Arabia and Turkey saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively.

In value terms, the largest salt markets worldwide were Turkey ($X), Israel ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Among the main exporting countries, Turkey experienced the highest growth rate of exports, over the last eleven year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The salt export price in the Middle East stood at $X per tonne in 2018, dropping by -X% against the previous year. In general, the salt export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when the export price increased by X% year-to-year. In that year, the export prices for salt and pure sodium chloride attained their peak level of $X per tonne, and then declined slightly in the following year.

There were significant differences in the average export prices amongst the major exporting countries. In 2018, the country with the highest export price was Israel ($X per tonne), while Iran ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Iran, while the other leaders experienced mixed trends in the export price figures.

Salt Imports

Imports in the Middle East

In 2018, the amount of salt and pure sodium chloride imported in the Middle East stood at X tonnes, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. Over the period under review, salt imports attained their peak figure at X tonnes in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, salt imports totaled $X in 2018. The total imports indicated a significant growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. Over the period under review, salt imports attained their maximum at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

Qatar was the major importing country with an import of around X tonnes, which accounted for X% of total imports. It was distantly followed by the United Arab Emirates (X tonnes), Oman (X tonnes), Kuwait (X tonnes) and Israel (X tonnes), together creating X% share of total imports. The following importers - Syrian Arab Republic (X tonnes) and Lebanon (X tonnes) each reached a X% share of total imports.

Qatar experienced a relatively flat trend pattern of salt and pure sodium chloride imports. At the same time, Israel (+X%), Oman (+X%), Kuwait (+X%), Syrian Arab Republic (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest growing importer in the Middle East, with a CAGR of +X% from 2007-2018. Lebanon experienced a relatively flat trend pattern. From 2007 to 2018, the share of Qatar increased by X% percentage points, while Syrian Arab Republic (-X%), Kuwait (-X%), Israel (-X%), the United Arab Emirates (-X%) and Oman (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt importing markets worldwide were Qatar ($X), the United Arab Emirates ($X) and Oman ($X), together comprising X% of total imports. Kuwait, Syrian Arab Republic, Israel and Lebanon lagged somewhat behind, together comprising a further X the main importing countries, Israel experienced the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the salt import price in the Middle East amounted to $X per tonne, jumping by X% against the previous year. The import price indicated a mild expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, the salt import price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2015, an increase of X% y-o-y. In that year, the import prices for salt and pure sodium chloride reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the import prices for salt and pure sodium chloride remained at a lower figure.

Import prices varied noticeably by the country of destination; the country with the highest import price was Syrian Arab Republic ($X per tonne), while Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by Syrian Arab Republic, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform