
Saudi Arabia - Salt - Market Analysis, Forecast, Size, Trends and Insights
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Saudi Arabia: Salt Market Overview 2021
Salt Market Size in Saudi Arabia
In 2019, the Saudi salt market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2011 to 2019, the growth of the market remained at a somewhat lower figure.
Salt Production in Saudi Arabia
In value terms, salt production rose to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2011 to 2019, production growth failed to regain the momentum.
Salt Exports
Exports from Saudi Arabia
In 2019, the amount of salt and pure sodium chloride exported from Saudi Arabia dropped notably to X tonnes, declining by -X% on the previous year's figure. Overall, exports, however, recorded modest growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2011; however, from 2012 to 2019, exports failed to regain the momentum.
In value terms, salt exports rose remarkably to $X in 2019. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.
Exports by Country
Jordan (X tonnes), Canada (X tonnes) and Yemen (X tonnes) were the main destinations of salt exports from Saudi Arabia, with a combined X% share of total exports.
From 2007 to 2019, the biggest increases were in Canada (+X% per year), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Jordan ($X) remains the key foreign market for salt exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports. It was followed by Yemen, with a X% share.
From 2007 to 2019, the average annual rate of growth in terms of value to Jordan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+X% per year) and Yemen (+X% per year).
Export Prices by Country
In 2019, the average salt export price amounted to $X per tonne, jumping by X% against the previous year. Overall, export price indicated a pronounced increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, salt export price increased by +X% against 2017 indices. As a result, export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination; the country with the highest price was Jordan ($X per tonne), while the average price for exports to Canada ($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 Jordan, while the prices for the other major destinations experienced more modest paces of growth.
Salt Imports
Imports into Saudi Arabia
In 2019, purchases abroad of salt and pure sodium chloride decreased by -X% to X kg for the first time since 2016, thus ending a two-year declining trend. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018, and then declined significantly in the following year.
In value terms, salt imports reduced sharply to $X in 2019. Overall, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Imports peaked at $X in 2018, and then contracted notably in the following year.
Imports by Country
From 2007 to 2019, the average annual growth rate of volume from No country was relatively modest.
From 2007 to 2019, the average annual rate of growth in terms of value from No country was relatively modest.
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. Australia, Germany, Canada, Brazil, Mexico, France, the UK and Turkey lagged somewhat behind, together comprising 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. Canada, Germany, Australia, Chile, Mexico, Brazil, Egypt, Turkey, France and the Netherlands lagged somewhat behind, together accounting for a further 29%.
What are the leading importers of salt and pure sodium chloride from Saudi Arabia?+
In value terms, Jordan ($10M) remains the key foreign market for salt exports from Saudi Arabia, comprising 76% of total exports. The second position in the ranking was occupied by Canada ($1.4M), with a 11% share of total exports. It was followed by Yemen, with a 6.7% share.
What is the average export price for salt and pure sodium chloride in Saudi Arabia?+
The average salt export price stood at $141 per tonne in 2019, jumping by 94% against the previous year.
This report provides an in-depth analysis of the salt market in Saudi Arabia. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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