Pakistan: Salt Market Overview 2021

Salt Market Size in Pakistan

In 2020, the Pakistani salt market decreased by -X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate a strong increase. The growth pace was the most rapid in 2014 when the market value increased by X% y-o-y. Salt consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Salt Production in Pakistan

In value terms, salt production declined to $X in 2020 estimated in export prices. Over the period under review, production, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Salt production peaked at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Salt Exports

Exports from Pakistan

In 2020, the amount of salt and pure sodium chloride exported from Pakistan rose notably to X tonnes, increasing by X% compared with 2019. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, salt exports soared to $X in 2020. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the near future.

Exports by Country

The U.S. (X tonnes) was the main destination for salt exports from Pakistan, with a X% share of total exports. Moreover, salt exports to the U.S. exceeded the volume sent to the second major destination, the UK (X tonnes), threefold. The United Arab Emirates (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the U.S. stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the U.S. ($X) remains the key foreign market for salt exports from Pakistan, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average salt export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to continue growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to Afghanistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Brazil, while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Pakistan

In 2020, approx. X tonnes of salt and pure sodium chloride were imported into Pakistan; dropping by -X% compared with the previous year. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, salt imports expanded significantly to $X in 2020. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tonnes), Denmark (X tonnes) and Austria (X tonnes) were the main suppliers of salt imports to Pakistan, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salt suppliers to Pakistan were Denmark ($X), China ($X) and Austria ($X), with a combined X% share of total imports.

Austria (+X% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, growing by X% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform