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 Middle East amounted to $X in 2017, dropping by -X% against the previous year. The salt consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, with an increase of X% against the previous year. In that year, the salt market reached their peak level of $X. From 2010 to 2017, growth of the salt market stood at a somewhat lower level.

Salt Production in the Middle East

In 2017, approx. X tonnes of salt were produced in Middle East; jumping by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2011, with an increase of X% against the previous year. Over the period under review, the salt production attained its maximum volume in 2017, and is likely to see steady growth in the near future.

Salt Exports

Exports in the Middle East

The exports stood at X tonnes in 2017, jumping by X% against the previous year. The salt exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2010, when exports increased by X% against the previous year. The volume of exports peaked of X tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, salt exports stood at $X in 2017. The salt exports continue to indicate a prominent increase. The level of exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export Prices by Country

In 2017, the salt export price in Middle East amounted to $X per tonne, dropping by -X% against the previous year. The salt export price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2009, when it surged by X% against the previous year. In that year, the export prices for salt attained their peak level of $X per tonne. From 2010 to 2017, growth of the export prices for salt failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Israel ($X per tonne), while Saudi Arabia ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Salt Imports

Imports in the Middle East

In 2017, imports of salt in Middle East totaled X tonnes, shrinking by -X% against the previous year. The salt imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. In that year, the salt imports attained their peak volume of X tonnes. From 2011 to 2017, growth of the salt imports failed to regain its momentum.

In value terms, salt imports totaled $X in 2017. The total imports indicated a mild increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the salt imports decreased by -X% against 2015 indices. The level of imports peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Imports by Country

Qatar was the major importing country with an import of about X tonnes, which finished at X% of total imports. It was distantly followed by Oman (X tonnes), the United Arab Emirates (X tonnes) and Kuwait (X tonnes), together achieving X% share of total imports. Syrian Arab Republic (X tonnes), Iraq (X tonnes) and Saudi Arabia (X tonnes) followed a long way behind the leaders.

Qatar experienced a relatively flat trend pattern of salt imports. At the same time, Iraq (+X%), Oman (+X%), Saudi Arabia (+X%), Kuwait (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Syrian Arab Republic (-X%) illustrated a downward trend over the same period. While the share of Syrian Arab Republic (X%) increased significantly in terms of the global imports from 2007-2017, the share of Iraq (-X%), the United Arab Emirates (-X%), Kuwait (-X%) and Oman (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Qatar ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Kuwait, Saudi Arabia, Iraq and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Iraq (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The salt import price in Middle East stood at $X per tonne in 2017, coming down by -X% against the previous year. The import price indicated a slight expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the salt import price decreased by -X% against 2015 indices. The growth pace was the most rapid in 2009, when it surged by X% y-o-y. In that year, the import prices for salt attained their peak level of $X per tonne. From 2010 to 2017, growth of the import prices for salt stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Saudi Arabia ($X per tonne), while Qatar ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Syrian Arab Republic (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform