Saudi Arabia: Salt Market Overview 2020

Salt Market Size in Saudi Arabia

The revenue of the salt market in Saudi Arabia amounted to $X in 2018, dropping by -X% against the previous year. Overall, salt consumption continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, the salt market reached its peak level of $X, and then declined slightly in the following year.

Salt Production in Saudi Arabia

In value terms, salt production stood at $X in 2018 estimated in export prices. In general, the total output indicated a slight increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, salt production increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Over the period under review, salt production attained its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Salt Exports

Exports from Saudi Arabia

In 2018, the exports of salt and pure sodium chloride from Saudi Arabia stood at X tonnes, increasing by X% against the previous year. Overall, salt exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, salt exports attained their maximum at X tonnes in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, salt exports stood at $X in 2018. Over the period under review, the total exports indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, salt exports reached their peak of $X. From 2012 to 2018, the growth of salt exports remained at a lower figure.

Exports by Country

Oman (X tonnes), Kuwait (X tonnes) and Qatar (X tonnes) were the main destinations of salt exports from Saudi Arabia, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Kuwait, while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Oman ($X) and Egypt ($X) constituted the largest markets for salt exported from Saudi Arabia worldwide, together comprising X% of total exports.

Kuwait recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average salt export price stood at $X per tonne in 2018, flattening at the previous year. Over the period under review, the salt export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. In that year, the average export prices for salt and pure sodium chloride reached their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the average export prices for salt and pure sodium chloride remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Egypt ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait, while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Saudi Arabia

In 2018, approx. X tonnes of salt and pure sodium chloride were imported into Saudi Arabia; growing by X% against the previous year. Over the period under review, salt imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, salt imports totaled $X in 2018. Overall, salt imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, salt imports reached their maximum at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

The U.S. (X tonnes), India (X tonnes) and Belgium (X tonnes) were the main suppliers of salt imports to Saudi Arabia, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of salt to Saudi Arabia, comprising X% of total salt imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Germany (+X% per year).

Import Prices by Country

In 2018, the average salt import price amounted to $X per tonne, jumping by X% against the previous year. In general, the salt import price continues to indicate mild growth. The growth pace was the most rapid in 2012 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform