Northern America: Salt Market 2022

Salt Market Size in Northern America

The North American salt market shrank to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Salt Production in Northern America

In value terms, salt production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Production By Country in Northern America

The United States (X tonnes) constituted the country with the largest volume of salt production, accounting for X% of total volume. Moreover, salt production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tonnes), fourfold.

In the United States, salt production remained relatively stable over the period from 2012-2021.

Salt Exports

Exports in Northern America

After two years of growth, overseas shipments of salt and pure sodium chloride decreased by -X% to X tonnes in 2021. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tonnes in 2020, and then dropped modestly in the following year.

In value terms, salt exports reduced to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020, and then reduced in the following year.

Exports by Country

Canada represented the main exporting country with an export of around X tonnes, which accounted for X% of total exports. It was distantly followed by the United States (X tonnes), generating a X% share of total exports.

Canada was also the fastest-growing in terms of the salt and pure sodium chloride exports, with a CAGR of +X% from 2012 to 2021. At the same time, the United States (+X%) displayed positive paces of growth. Canada (+X p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Canada ($X) and the United States ($X) were the countries with the highest levels of exports in 2021.

The United States, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per tonne, increasing by X% against the previous year. Export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, salt export price increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per tonne in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per tonne), while Canada amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Salt Imports

Imports in Northern America

In 2021, purchases abroad of salt and pure sodium chloride decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tonnes. From 2015 to 2021, the growth imports failed to regain momentum.

In value terms, salt imports expanded markedly to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tonnes) was the key importer of salt and pure sodium chloride, generating X% of total imports. It was distantly followed by Canada (X tonnes), constituting an X% share of total imports.

The United States was also the fastest-growing in terms of the salt and pure sodium chloride imports, with a CAGR of +X% from 2012 to 2021. At the same time, Canada (+X%) displayed positive paces of growth. percentage points. Canada (-X p.p.) saw their shares reduced.

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

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +X%.

Import Prices by Country

The import price in Northern America stood at $X per tonne in 2021, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per tonne), while the United States amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%).

Source: IndexBox Platform