Northern America: Salt Market Overview 2020

Salt Market Size in Northern America

In 2019, the North American salt market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.

Salt Production in Northern America

In value terms, salt production rose slightly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, production reached the peak level of $X. From 2015 to 2019, production growth remained at a somewhat lower figure.

Production By Country in Northern America

The U.S. (X tonnes) constituted the country with the largest volume of salt production, accounting for X% of total volume.

From 2007 to 2019, the average annual rate of growth in terms of volume in the U.S. was relatively modest.

Salt Exports

Exports in Northern America

In 2019, approx. X tonnes of salt and pure sodium chloride were exported in Northern America; jumping by X% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2010 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, salt exports rose to $X in 2019. Total exports indicated a strong expansion from 2007 to 2019: its value decreased 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. Based on 2019 figures, exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. The level of export peaked in 2019 and is likely to see steady growth in the near future.

Exports by Country

In 2019, Canada (X tonnes) represented the largest exporter of salt and pure sodium chloride in Northern America, constituting X% of total export.

Canada experienced a relatively flat trend pattern with regard to volume of exports of salt and pure sodium chloride. Canada (-X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) also remains the largest salt supplier in Northern America.

In Canada, salt exports expanded at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

The salt export price in Northern America stood at $X per tonne in 2019, shrinking by -X% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per tonne in 2018, and then shrank in the following year.

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

From 2007 to 2019, the rate of growth in terms of prices for Canada amounted to +X% per year.

Salt Imports

Imports in Northern America

In 2019, supplies from abroad of salt and pure sodium chloride increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Overall, imports showed strong growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. The volume of import peaked at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, salt imports expanded to $X in 2019. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are likely to continue growth in the immediate term.

Imports by Country

The U.S. represented the key importing country with an import of around X tonnes, which reached X% of total imports. It was distantly followed by Canada (X tonnes), making up a X% share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2019. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +X% from 2007-2019. The U.S. (+X p.p.) and Canada (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported salt and pure sodium chloride in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., salt imports increased at an average annual rate of +X% over the period from 2007-2019.

Import Prices by Country

The salt import price in Northern America stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2015 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2018, and then shrank modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was Canada ($X per tonne), while the U.S. amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in Northern America?

+

The U.S. (60M tonnes) remains the largest salt consuming country in Northern America, comprising approx. 88% of total volume. Moreover, salt consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (8.3M tonnes), sevenfold.

What are the largest producers of salt and pure sodium chloride in Northern America?

+

The U.S. (42M tonnes) remains the largest salt producing country in Northern America, comprising approx. 81% of total volume.

What are the leading exporters of salt and pure sodium chloride in Northern America?

+

In value terms, Canada ($211M) remains the largest salt supplier in Northern America.

What are the leading importers of salt and pure sodium chloride in Northern America?

+

In value terms, the U.S. ($754M) constitutes the largest market for imported salt and pure sodium chloride in Northern America, comprising 84% of total imports. The second position in the ranking was occupied by Canada ($147M), with a 16% share of total imports.

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

+

In 2019, the salt export price in Northern America amounted to $71 per tonne, waning by -13% against the previous year.

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

+

The salt import price in Northern America stood at $42 per tonne in 2019, falling by -2.2% against the previous year.