Southern Asia: Salt Market Overview 2020

Salt Market Size in Southern Asia

For the third year in a row, the South Asian salt market recorded decline in sales value, which decreased by -X% to $X in 2019. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Salt Production in Southern Asia

In value terms, salt production amounted to $X in 2019 estimated in export prices. In general, production recorded a strong increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% y-o-y. The level of production peaked in 2019 and is likely to see steady growth in years to come.

Production By Country in Southern Asia

India (X tonnes) remains the largest salt producing country in Southern Asia, comprising approx. X% of total volume. Moreover, salt production in India exceeded the figures recorded by the second-largest producer, Pakistan (X tonnes), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume in India stood at +X%.

Salt Exports

Exports in Southern Asia

In 2019, exports of salt and pure sodium chloride in Southern Asia totaled X tonnes, increasing by X% against 2018 figures. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. The volume of export peaked in 2019 and is likely to see gradual growth in years to come.

In value terms, salt exports amounted to $X in 2019. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in years to come.

Exports by Country

India dominates salt exports structure, accounting for X tonnes, which was near X% of total exports in 2019. Pakistan (X tonnes) took a little 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 2007 to 2019. At the same time, Pakistan (+X%) displayed positive paces of growth. India (+X p.p.) and Pakistan (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, salt exports increased at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

In 2019, the salt export price in Southern Asia amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2011 when the export price increased by X% against the previous year. The level of export peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Pakistan ($X per tonne), while India stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Pakistan.

Salt Imports

Imports in Southern Asia

In 2019, imports of salt and pure sodium chloride in Southern Asia totaled X tonnes, growing by X% compared with the previous year's figure. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, salt imports rose sharply to $X in 2019. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. The level of import peaked in 2019 and is likely to see steady growth in years to come.

Imports by Country

Bangladesh represented the major importing country with an import of around X tonnes, which reached X% of total imports. Nepal (X tonnes) took the second position in the ranking, distantly followed by India (X tonnes). All these countries together held near X% share of total imports. The following importers - Afghanistan (X tonnes) and Sri Lanka (X tonnes) - each resulted at a X% share of total imports.

Bangladesh was also the fastest-growing in terms of the salt and pure sodium chloride imports, with a CAGR of +X% from 2007 to 2019. At the same time, India (+X%), Nepal (+X%), Afghanistan (+X%) and Sri Lanka (+X%) displayed positive paces of growth. Bangladesh (+X p.p.), Nepal (+X p.p.) and India (+X p.p.) significantly strengthened its position in terms of the total imports, while 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 ($X), Nepal ($X) and India ($X), with a combined X% share of total imports. These countries were followed by Afghanistan and Sri Lanka, which together accounted for a further X terms of the main importing countries, Afghanistan recorded the highest growth rate of the value of imports, over the period under review, while purchases for 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 2019, dropping by -X% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of X% year-to-year. The level of import peaked at $X per tonne in 2010; however, from 2011 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Afghanistan, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in Southern Asia?

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The country with the largest volume of salt consumption was Pakistan (2.4M tonnes), accounting for 61% of total volume. Moreover, salt consumption in Pakistan exceeded the figures recorded by the second-largest consumer, India (647K tonnes), fourfold. Bangladesh (570K tonnes) ranked third in terms of total consumption with a 15% share.

What are the largest producers of salt and pure sodium chloride in Southern Asia?

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India (14M tonnes) remains the largest salt producing country in Southern Asia, accounting for 83% of total volume. Moreover, salt production in India exceeded the figures recorded by the second-largest producer, Pakistan (2.7M tonnes), fivefold.

What are the leading suppliers of salt and pure sodium chloride in Southern Asia?

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In value terms, India ($237M) remains the largest salt supplier in Southern Asia, comprising 83% of total exports. The second position in the ranking was occupied by Pakistan ($50M), with a 17% share of total exports.

What are the leading importers of salt and pure sodium chloride in Southern Asia?

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In value terms, the largest salt importing markets in Southern Asia were Bangladesh ($14M), Nepal ($9.1M) and India ($7.1M), with a combined 85% share of total imports. These countries were followed by Afghanistan and Sri Lanka, which together accounted for a further 9.7%.

What is the average export price for salt and pure sodium chloride in Southern Asia?

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The salt export price in Southern Asia stood at $22 per tonne in 2019, flattening at the previous year.

What is the average import price for salt and pure sodium chloride in Southern Asia?

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The salt import price in Southern Asia stood at $41 per tonne in 2019, dropping by -3.7% against the previous year.