Saudi Arabia: Salt Market 2022

Salt Market Size in Saudi Arabia

In 2021, the Saudi salt market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Salt Production in Saudi Arabia

In value terms, salt production expanded notably to $X in 2021 estimated in export price. In general, production, however, showed a perceptible setback. Salt production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Salt Exports

Exports from Saudi Arabia

After two years of growth, overseas shipments of salt and pure sodium chloride decreased by -X% to X tonnes in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tonnes in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, salt exports rose sharply to $X in 2021. In general, exports, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tonnes), Kuwait (X tonnes) and Bahrain (X tonnes) were the main destinations of salt exports from Saudi Arabia, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Kuwait ($X) and Bahrain ($X) appeared to be the largest markets for salt exported from Saudi Arabia worldwide, with a combined X% share of total exports.

Kuwait, 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 a decline.

Export Prices by Country

The average salt export price stood at $X per tonne in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were the United Arab Emirates ($X per tonne) and Oman ($X per tonne), while the average price for exports to Kuwait ($X per tonne) and Bahrain ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Saudi Arabia

Salt imports into Saudi Arabia stood at X tonnes in 2021, picking up by X% on the year before. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tonnes in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, salt imports dropped to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value 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. Based on 2021 figures, imports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tonnes), Kenya (X tonnes) and Pakistan (X tonnes) were the main suppliers of salt imports to Saudi Arabia, together accounting for 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 Pakistan (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) constituted the largest supplier of salt to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ireland totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and the United States (-X% per year).

Import Prices by Country

In 2021, the average salt import price amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per tonne in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform