Pakistan: Salt Market Overview 2021

Salt Market Size in Pakistan

In 2019, after three years of growth, there was decline in the Pakistani salt market, when its value decreased by -X% to $X. In general, consumption saw prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Salt consumption peaked at $X in 2018, and then shrank slightly in the following year.

Salt Production in Pakistan

In value terms, salt production reduced modestly to $X in 2019 estimated in export prices. In general, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Salt production peaked at $X in 2018, and then fell in the following year.

Salt Exports

Exports from Pakistan

In 2019, approx. X tonnes of salt and pure sodium chloride were exported from Pakistan; flattening at 2018. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, salt exports contracted to $X in 2019. Overall, exports saw significant growth. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2018, and then contracted modestly in the following year.

Exports by Country

The U.S. (X tonnes) was the main destination for salt exports from Pakistan, accounting for a X% share of total exports. Moreover, salt exports to the U.S. exceeded the volume sent to the second major destination, Afghanistan (X tonnes), threefold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (+X% per year) and the UK (+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 Brazil, with a X% share.

From 2007 to 2019, the average annual growth rate of value to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Brazil (+X% per year).

Export Prices by Country

The average salt export price stood at $X per tonne in 2019, waning by -X% against the previous year. In general, the export price, however, saw a prominent increase. The pace of growth was the most pronounced in 2014 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2018, and then shrank modestly in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Pakistan

After three years of growth, supplies from abroad of salt and pure sodium chloride decreased by -X% to X tonnes in 2019. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Imports peaked at X tonnes in 2018, and then reduced in the following year.

In value terms, salt imports shrank to $X in 2019. Over the period under review, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest salt supplier to Pakistan, accounting for a X% share of total imports. Moreover, salt imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Germany (-X% per year).

In value terms, China ($X), Denmark ($X) and New Zealand ($X) appeared to be the largest salt suppliers to Pakistan, together comprising X% of total imports. Germany, Austria, the UK and South Korea lagged somewhat behind, together comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of imports, among 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 2019, the average salt import price amounted to $X per tonne, stabilizing at the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid 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 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was New Zealand ($X per tonne), while the price for South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

+

The countries with the highest volumes of salt consumption in 2019 were China (77M tonnes), the U.S. (62M tonnes) and India (18M tonnes), together comprising 51% of global consumption. These countries were followed by Australia, Germany, Canada, Brazil, Mexico, France, the UK and Turkey, which together accounted for a further 22%.

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

+

The countries with the highest volumes of salt production in 2019 were China (69M tonnes), the U.S. (42M tonnes) and India (31M tonnes), together comprising 47% of global production. These countries were followed by Canada, Germany, Australia, Chile, Mexico, Brazil, Egypt, Turkey, France and the Netherlands, which together accounted for a further 29%.

What are the leading suppliers of salt and pure sodium chloride to Pakistan?

+

In value terms, the largest salt suppliers to Pakistan were China ($225K), Denmark ($150K) and New Zealand ($63K), with a combined 69% share of total imports. Germany, Austria, the UK and South Korea lagged somewhat behind, together accounting for a further 27%.

What are the leading importers of salt and pure sodium chloride from Pakistan?

+

In value terms, the U.S. ($12M) remains the key foreign market for salt exports from Pakistan, comprising 25% of total exports. The second position in the ranking was occupied by the UK ($3.5M), with a 7.1% share of total exports. It was followed by Brazil, with a 6.2% share.

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

+

In 2019, the average salt export price amounted to $160 per tonne, waning by -4.6% against the previous year.

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

+

In 2019, the average salt import price amounted to $250 per tonne, almost unchanged from the previous year.