South-Eastern Asia: Salt Market Overview 2020

Salt Market Size in South-Eastern Asia

In 2019, the Southeast Asian salt market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Salt Production in South-Eastern Asia

In value terms, salt production expanded remarkably to $X in 2019 estimated in export prices. Overall, production saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Production By Country in South-Eastern Asia

The countries with the highest volumes of salt production in 2019 were the Philippines (X tonnes), Viet Nam (X tonnes) and Myanmar (X tonnes), with a combined X% share of total production.

From 2007 to 2019, the most notable rate of growth in terms of salt production, amongst the leading producing countries, was attained by the Philippines, while salt production for the other leaders experienced mixed trends in the production figures.

Salt Exports

Exports in South-Eastern Asia

In 2019, overseas shipments of salt and pure sodium chloride increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Total exports indicated buoyant growth from 2007 to 2019: its volume 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, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in years to come.

In value terms, salt exports rose rapidly to $X in 2019. Total exports indicated a strong expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Thailand represented the largest exporting country with an export of about X tonnes, which resulted at X% of total exports. It was distantly followed by Viet Nam (X tonnes) and Malaysia (X tonnes), together achieving a X% share of total exports. Singapore (X tonnes) held a little share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Viet Nam, while exports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest salt supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Viet Nam, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Thailand totaled +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Viet Nam (+X% per year).

Export Prices by Country

In 2019, the salt export price in South-Eastern Asia amounted to $X per tonne, waning by -X% against the previous year. In general, the export price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2017 when the export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Singapore ($X per tonne), while Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced mixed trends in the export price figures.

Salt Imports

Imports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded growth in supplies from abroad of salt and pure sodium chloride, which increased by X% to X tonnes in 2019. Total imports indicated a prominent increase from 2007 to 2019: its volume 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, imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2019 and is expected to retain growth in years to come.

In value terms, salt imports expanded remarkably to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Indonesia (X tonnes) was the major importer of salt and pure sodium chloride, making up X% of total imports. It was distantly followed by Viet Nam (X tonnes), the Philippines (X tonnes) and Thailand (X tonnes), together generating a X% share of total imports. Malaysia (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to salt imports into Indonesia stood at +X%. At the same time, Thailand (+X%), Viet Nam (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2007-2019. By contrast, Malaysia (-X%) illustrated a downward trend over the same period. Indonesia (+X p.p.), Viet Nam (+X p.p.), Thailand (+X p.p.) and the Philippines (+X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia saw its share reduced by -X% from 2007 to 2019, respectively.

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

In Indonesia, salt imports expanded at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: the Philippines (+X% per year) and Viet Nam (+X% per year).

Import Prices by Country

The salt import price in South-Eastern Asia stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, import prices reached the maximum at $X per tonne in 2010; however, from 2011 to 2019, import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in South-Eastern Asia?

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The countries with the highest volumes of salt consumption in 2019 were Indonesia (3.1M tonnes), the Philippines (2.4M tonnes) and Viet Nam (1.7M tonnes), together accounting for 88% of total consumption.

What are the largest producers of salt and pure sodium chloride in South-Eastern Asia?

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The countries with the highest volumes of salt production in 2019 were the Philippines (1.7M tonnes), Viet Nam (1M tonnes) and Myanmar (382K tonnes), together comprising 96% of total production.

What are the leading exporters of salt and pure sodium chloride in South-Eastern Asia?

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In value terms, Thailand ($19M) remains the largest salt supplier in South-Eastern Asia, comprising 70% of total exports. The second position in the ranking was occupied by Malaysia ($4.5M), with a 16% share of total exports. It was followed by Viet Nam, with a 7.2% share.

What are the leading importers of salt and pure sodium chloride in South-Eastern Asia?

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In value terms, Indonesia ($96M) constitutes the largest market for imported salt and pure sodium chloride in South-Eastern Asia, comprising 42% of total imports. The second position in the ranking was occupied by the Philippines ($36M), with a 16% share of total imports. It was followed by Viet Nam, with a 13% share.

What is the average export price for salt and pure sodium chloride in South-Eastern Asia?

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In 2019, the salt export price in South-Eastern Asia amounted to $98 per tonne, dropping by -26.9% against the previous year.

What is the average import price for salt and pure sodium chloride in South-Eastern Asia?

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In 2019, the salt import price in South-Eastern Asia amounted to $43 per tonne, with a decrease of -4.7% against the previous year.