Southern Asia: Salt Market 2022

Salt Market Size in Southern Asia

After two years of decline, the South Asian salt market increased by X% to $X in 2021. The total consumption 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. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Salt Production in Southern Asia

In value terms, salt production expanded to $X in 2021 estimated in export price. Overall, production posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Production By Country in Southern Asia

The country with the largest volume of salt production was India (X tonnes), accounting for X% of total volume. Moreover, salt production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), ninefold.

In India, salt production increased at an average annual rate of +X% over the period from 2012-2021.

Salt Exports

Exports in Southern Asia

In 2021, shipments abroad of salt and pure sodium chloride decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, salt exports contracted dramatically to $X in 2021. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, accounting for X tonnes, which was near X% of total exports in 2021. Pakistan (X tonnes) took a minor share of total exports.

India was also the fastest-growing in terms of the salt and pure sodium chloride exports, with a CAGR of +X% from 2012 to 2021. At the same time, Pakistan (+X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In India, salt exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per tonne, reducing by -X% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price 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. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per tonne in 2020, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Pakistan ($X per tonne), while India amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+X%).

Salt Imports

Imports in Southern Asia

In 2021, approx. X tonnes of salt and pure sodium chloride were imported in Southern Asia; rising by X% compared with the year before. Total imports indicated a measured 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 increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, salt imports reduced modestly to $X in 2021. Over the period under review, imports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then shrank slightly in the following year.

Imports by Country

In 2021, Bangladesh (X tonnes) was the key importer of salt and pure sodium chloride, creating X% of total imports. Nepal (X tonnes) ranks second in terms of the total imports with an X% share, followed by India (X%).

Imports into Bangladesh increased at an average annual rate of +X% from 2012 to 2021. At the same time, Nepal (+X%) and India (+X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2012-2021. Nepal (+X p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt importing markets in Southern Asia were Bangladesh ($X), India ($X) and Nepal ($X), together accounting for X% of total imports.

India, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price saw a mild setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform