Southern Asia - Salt - Market Analysis, Forecast, Size, Trends and Insights

Southern Asia: Salt Market Overview 2019

Salt Market Size in Southern Asia

The revenue of the salt market in Southern Asia amounted to $X in 2017, shrinking by -X% against the previous year. The salt consumption continues to indicate a mild slump. The most prominent rate of growth was recorded in 2010, when market value increased by X% year-to-year. In that year, the salt market attained their peak level of $X. From 2011 to 2017, growth of the salt market failed to regain its momentum.

Salt Production in Southern Asia

In 2017, approx. X tonnes of salt were produced in Southern Asia; increasing by X% against the previous year. The total output indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the salt production increased by +X% against 2013 indices. The growth pace was the most rapid in 2016, when it surged by X% year-to-year. Over the period under review, the salt production reached its maximum volume in 2017, and is likely to see steady growth in the near future.

Salt Exports

Exports in Southern Asia

In 2017, the amount of salt exported in Southern Asia totaled X tonnes, surging by X% against the previous year. The salt exports continue to indicate an outstanding increase. The pace of growth appeared the most rapid in 2011, with an increase of X% against the previous year. The volume of exports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, salt exports amounted to $X in 2017. The salt exports continue to indicate an outstanding increase. The level of exports peaked in 2017, and are likely to continue its growth in the near future.

Exports by Country

India prevails in salt exports structure, finishing at X tonnes, which was approx. X% of total exports in 2017. Pakistan (X tonnes) held the weak share of total exports.

India was also the fastest growing in terms of the salt exports, with a CAGR of +X% from 2007 to 2017. At the same time, Pakistan (+X%) displayed positive paces of growth. While the share of Pakistan (-X%) and India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest salt supplier in Southern Asia, making up X% of global exports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of global exports.

In India, salt exports expanded at an average annual rate of +X% over the period from 2007-2017.

Export Prices by Country

The salt export price in Southern Asia stood at $X per tonne in 2017, shrinking by -X% against the previous year. The salt export price continues to indicate a moderate descent. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. In that year, the export prices for salt attained their peak level of $X per tonne. From 2011 to 2017, growth of the export prices for salt stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Pakistan ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Pakistan (+X% per year).

Salt Imports

Imports in Southern Asia

In 2017, the amount of salt imported in Southern Asia stood at X tonnes, coming up by X% against the previous year. The salt imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2012, when imports increased by X% against the previous year. Over the period under review, the salt imports reached its peak figure volume in 2017, and are likely to continue its growth in the near future.

In value terms, salt imports stood at $X in 2017. The salt imports continue to indicate a prominent growth. In that year, the salt imports reached their peak level of $X. From 2013 to 2017, growth of the salt imports failed to regain its momentum.

Imports by Country

Bangladesh represented the main importing country with an import of around X tonnes, which amounted to X% of total imports. Nepal (X tonnes) occupied the second position in the ranking, followed by India (X tonnes). All these countries together held near X% share of total imports.

Bangladesh was also the fastest growing in terms of the salt imports, with a CAGR of +X% from 2007 to 2017. At the same time, India (+X%) and Nepal (+X%) displayed positive paces of growth. While the share of India (-X%), Nepal (-X%) and Bangladesh (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt markets worldwide were Bangladesh ($X), Nepal ($X) and India ($X), with a combined X% share of total imports.

India (+X% per year) experienced the highest rates of growth with regard to imports, among the main importing countriesover the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The salt import price in Southern Asia stood at $X per tonne in 2017, coming down by -X% against the previous year. The salt import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. Over the period under review, the import prices for salt reached its peak figure level of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was India ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Nepal (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform