Spain: Salt Market 2022

Salt Market Size in Spain

In 2021, the Spanish salt market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2021: its value decreased 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, consumption decreased by -X% against 2014 indices. Over the period under review, the market hit record highs at $X in 2020, and then dropped significantly in the following year.

Salt Production in Spain

In value terms, salt production dropped markedly to $X in 2021 estimated in export price. In general, production, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Salt production peaked at $X in 2020, and then declined notably in the following year.

Salt Exports

Exports from Spain

In 2021, shipments abroad of salt and pure sodium chloride was finally on the rise to reach X tonnes for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total exports indicated resilient growth 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. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, salt exports soared to $X in 2021. In general, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tonnes), France (X tonnes) and Italy (X tonnes) were the main destinations of salt exports from Spain, with a combined X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salt exported from Spain were France ($X), Italy ($X) and the United States ($X), together comprising X% of total exports.

Italy, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average salt export price amounted to $X per tonne, rising by X% against the previous year. In general, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per tonne), while the average price for exports to the UK ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+X%), while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Spain

In 2021, the amount of salt and pure sodium chloride imported into Spain reduced to X tonnes, waning by -X% against 2020 figures. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tonnes in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, salt imports contracted slightly to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value 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 2015 indices. 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 hit record highs at $X in 2020, and then shrank modestly in the following year.

Imports by Country

The Netherlands (X tonnes), France (X tonnes) and Pakistan (X tonnes) were the main suppliers of salt imports to Spain, with a combined X% share of total imports.

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

In value terms, Belgium ($X), Germany ($X) and the Netherlands ($X) constituted the largest salt suppliers to Spain, together comprising X% of total imports. These countries were followed by the UK, France, Pakistan, Portugal and Denmark, which together accounted for a further X terms of the main suppliers, Pakistan, with a CAGR of +X%, saw the highest rates of growth with regard to 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

In 2021, the average salt import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform