Pakistan: Salt Market 2022

Salt Market Size in Pakistan

In 2021, the Pakistani salt market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a remarkable increase. Salt consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Salt Production in Pakistan

In value terms, salt production rose notably to $X in 2021 estimated in export price. In general, production showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Salt production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Salt Exports

Exports from Pakistan

For the third consecutive year, Pakistan recorded growth in shipments abroad of salt and pure sodium chloride, which increased by X% to X tonnes in 2021. Over the period under review, total exports indicated a remarkable increase 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, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, salt exports rose sharply to $X in 2021. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+X% per year) and the UK (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value to the United States stood at +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

In 2021, the average salt export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Brazil ($X per tonne), while the average price for exports to Afghanistan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Pakistan

For the third consecutive year, Pakistan recorded decline in supplies from abroad of salt and pure sodium chloride, which decreased by -X% to X tonnes in 2021. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tonnes in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, salt imports declined significantly to $X in 2021. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2020, and then contracted notably in the following year.

Imports by Country

Austria (X tonnes), China (X tonnes) and Denmark (X tonnes) were the main suppliers of salt imports to Pakistan, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, Austria, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average salt import price stood at $X per tonne in 2021, which is down by -X% against the previous year. Overall, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per tonne), while the price for the United States ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform