StoreMiningSaltSalt
Latest Report Update: Jan 2, 2021

Philippines - Salt - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Philippines: Salt Market Overview 2021

Salt Market Size in the Philippines

For the tenth year in a row, the Philippine salt market recorded growth in sales value, which increased by X% to $X in 2019. Over the period under review, consumption recorded a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Salt Production in the Philippines

In value terms, salt production rose sharply to $X in 2019 estimated in export prices. In general, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level in 2019 and is likely to see gradual growth in years to come.

Salt Exports

Exports from the Philippines

In 2019, overseas shipments of salt and pure sodium chloride were finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt setback. Exports peaked at X tonnes in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

In value terms, salt exports expanded rapidly to $X in 2019. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Japan (X tonnes), Papua New Guinea (X tonnes) and the U.S. (X tonnes) were the main destinations of salt exports from the Philippines, together comprising X% of total exports.

From 2007 to 2019, the biggest increases were in Papua New Guinea, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for salt exported from the Philippines were Papua New Guinea ($X), Japan ($X) and the U.S. ($X), with a combined X% share of total exports.

Papua New Guinea (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average salt export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne, and then declined markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Japan ($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 Papua New Guinea, while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into the Philippines

Salt imports into the Philippines soared to X tonnes in 2019, increasing by X% against the previous year's figure. Overall, total imports indicated a temperate expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, salt imports surged to $X in 2019. In general, total imports indicated noticeable growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Australia (X tonnes) constituted the largest salt supplier to the Philippines, with a X% share of total imports. Moreover, salt imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tonnes), fivefold.

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

In value terms, Australia ($X) constituted the largest supplier of salt to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and India (+X% per year).

Import Prices by Country

The average salt import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, 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 accounting for 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 accounting for 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 the Philippines?
+
In value terms, Australia ($26M) constituted the largest supplier of salt to the Philippines, comprising 71% of total imports. The second position in the ranking was occupied by China ($6.5M), with a 18% share of total imports.
What are the leading importers of salt and pure sodium chloride from the Philippines?
+
In value terms, Papua New Guinea ($260K), Japan ($142K) and the U.S. ($67K) constituted the largest markets for salt exported from the Philippines worldwide, with a combined 99% share of total exports.
What is the average export price for salt and pure sodium chloride in the Philippines?
+
In 2019, the average salt export price amounted to $1,459 per tonne, which is down by -58.7% against the previous year.
What is the average import price for salt and pure sodium chloride in the Philippines?
+
In 2019, the average salt import price amounted to $51 per tonne, dropping by -3.5% against the previous year.

Product coverage:
• Prodcom 08931000 - Salt (including denatured salt but excluding salt suitable for human consumption) and pure sodium chloride, whether or not in aqueous solution or containing added anti-caking or free-flowing agents
• Prodcom 10843000 - Salt suitable for human consumption

This report provides an in-depth analysis of the salt market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

Webinar: Global Animal Feed Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global animal feed market.



Thursday, February 11th, 2021 @ 10:00 am ET


Register

Webinar: Global Paperboard Box Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global paperboard box market.



Thursday, February 18th, 2021 @ 10:00 am ET


Register

Webinar: Global Insulated Wire and Cable Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global insulated wire and cable market.



Thursday, February 25th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data