South-Eastern Asia - Salt - Market Analysis, Forecast, Size, Trends and Insights

South-Eastern Asia: Salt Market Overview 2020

Salt Market Size in South-Eastern Asia

The revenue of the salt market in South-Eastern Asia amounted to $X in 2018, going down by -X% against the previous year. The total market indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, salt consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, the salt market attained its peak level of $X, and then declined slightly in the following year.

Salt Production in South-Eastern Asia

In value terms, salt production stood at $X in 2018 estimated in export prices. Overall, salt production continues to indicate a temperate drop. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, salt production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Production By Country in South-Eastern Asia

The countries with the highest volumes of salt production in 2018 were Thailand (X tonnes), the Philippines (X tonnes) and Viet Nam (X tonnes), together accounting for X% of total production.

From 2007 to 2018, the most notable rate of growth in terms of salt production, amongst the main producing countries, was attained by the Philippines, while the other leaders experienced more modest paces of growth.

Salt Exports

Exports in South-Eastern Asia

In 2018, the exports of salt and pure sodium chloride in South-Eastern Asia totaled X tonnes, picking up by X% against the previous year. The total exports indicated a moderate increase from 2007 to 2018: its volume 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 exports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, salt exports attained their maximum at X tonnes in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

In value terms, salt exports totaled $X in 2018. The total exports indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. In that year, salt exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

In 2018, Thailand (X tonnes) was the largest exporter of salt and pure sodium chloride, mixing up X% of total exports. Malaysia (X tonnes) occupied the second position in the ranking, followed by Singapore (X tonnes). All these countries together took near X% share of total exports. Viet Nam (X tonnes) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the salt and pure sodium chloride exports, with a CAGR of +X% from 2007 to 2018. At the same time, Malaysia (+X%) displayed positive paces of growth. Viet Nam experienced a relatively flat trend pattern. By contrast, Singapore (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Malaysia ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Singapore recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the salt export price in South-Eastern Asia amounted to $X per tonne, waning by -X% against the previous year. The export price indicated resilient growth from 2007 to 2018: its price 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 export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. In that year, the export prices for salt and pure sodium chloride attained their peak level of $X per tonne, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Singapore ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

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

Salt Imports

Imports in South-Eastern Asia

In 2018, the salt imports in South-Eastern Asia stood at X tonnes, coming down by -X% against the previous year. Overall, salt imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The volume of imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, salt imports totaled $X in 2018. The total imports indicated a buoyant expansion 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 imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. In that year, salt imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

The countries with the highest levels of salt imports in 2018 were Indonesia (X tonnes), Malaysia (X tonnes), Viet Nam (X tonnes) and the Philippines (X tonnes), together accounting for X% of total import. It was distantly followed by Thailand (X tonnes), creating a X% share of total imports. The following importers - Singapore (X tonnes) and Myanmar (X tonnes) - together made up X% of total imports.

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

In value terms, Indonesia ($X) constitutes the largest market for imported salt and pure sodium chloride in South-Eastern Asia, comprising X% of total salt imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In Indonesia, salt imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Singapore (+X% per year).

Import Prices by Country

The salt import price in South-Eastern Asia stood at $X per tonne in 2018, going down by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. In that year, the import prices for salt and pure sodium chloride attained their peak level of $X per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Singapore ($X per tonne), while Viet Nam ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform