South-Eastern Asia: Salt Market 2022

Salt Market Size in South-Eastern Asia

The Southeast Asian salt market amounted to $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Salt Production in South-Eastern Asia

In value terms, salt production declined to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Production By Country in South-Eastern Asia

The countries with the highest volumes of in 2021 were Thailand (X tonnes), the Philippines (X tonnes) and Vietnam (X tonnes), with a combined X% share of total production.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Salt Exports

Exports in South-Eastern Asia

In 2021, the amount of salt and pure sodium chloride exported in South-Eastern Asia expanded sharply to X tonnes, surging by X% on 2020 figures. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, salt exports expanded rapidly to $X in 2021. Total exports indicated a buoyant expansion 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. Based on 2021 figures, exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Thailand was the key exporter of salt and pure sodium chloride in South-Eastern Asia, with the volume of exports recording X tonnes, which was near X% of total exports in 2021. Malaysia (X tonnes) occupied the second position in the ranking, followed by Singapore (X tonnes) and Vietnam (X tonnes). All these countries together took approx. X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to salt exports from Thailand stood at +X%. At the same time, Singapore (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. Malaysia experienced a relatively flat trend pattern. While the share of Singapore (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

Among the main exporting countries, Singapore, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per tonne in 2021, flattening at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per tonne in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced mixed trends in the export price figures.

Salt Imports

Imports in South-Eastern Asia

In 2021, approx. X tonnes of salt and pure sodium chloride were imported in South-Eastern Asia; growing by X% compared with 2020. Total imports indicated a tangible expansion 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. Based on 2021 figures, imports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tonnes in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, salt imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tonnes) was the major importer of salt and pure sodium chloride, committing X% of total imports. The Philippines (X tonnes) occupied a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%) and Malaysia (X%). The following importers - Singapore (X tonnes) and Thailand (X tonnes) - each recorded a X% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to salt imports into Indonesia stood at +X%. At the same time, Vietnam (+X%), Malaysia (+X%), the Philippines (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Singapore (-X%) illustrated a downward trend over the same period. While the share of Indonesia (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in Indonesia was relatively modest. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per tonne in 2021, growing by X% against the previous year. In general, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform