Portugal: Salt Market 2022

Salt Market Size in Portugal

The Portuguese salt market totaled $X in 2021, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Salt Production in Portugal

In value terms, salt production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Salt Exports

Exports from Portugal

In 2021, approx. X tonnes of salt and pure sodium chloride were exported from Portugal; falling by -X% on 2020. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tonnes in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, salt exports expanded sharply to $X in 2021. Over the period under review, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tonnes), Germany (X tonnes) and Spain (X tonnes) were the main destinations of salt exports from Portugal, together comprising X% of total exports. Sao Tome and Principe, the UK, the Netherlands, Angola, the United States, the Czech Republic, Canada and Belgium lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) appeared to be the largest markets for salt exported from Portugal worldwide, with a combined X% share of total exports. These countries were followed by Angola, the UK, the Czech Republic, the Netherlands, Sao Tome and Principe, the United States, Belgium and Canada, which together accounted for a further X Czech Republic, with a CAGR of +X%, saw the highest growth rate of the value of exports, among 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

The average salt export price stood at $X per tonne in 2021, picking up by X% against the previous year. Overall, export price indicated prominent growth from 2012 to 2021: its price 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, salt export price increased by +X% against 2017 indices. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Angola ($X per tonne), while the average price for exports to Sao Tome and Principe ($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 Angola (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Portugal

In 2021, overseas purchases of salt and pure sodium chloride increased by X% to X tonnes for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a remarkable increase 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. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tonnes in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, salt imports soared to $X in 2021. In general, total imports indicated strong growth 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. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tonnes), the UK (X tonnes) and Tunisia (X tonnes) were the main suppliers of salt imports to Portugal, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salt suppliers to Portugal were Spain ($X), the UK ($X) and Germany ($X), with a combined X% share of total imports. Tunisia, the Netherlands and Israel lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of 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

The average salt import price stood at $X per tonne in 2021, rising by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per tonne in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform