
Thailand - Salt - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).
By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.
Thailand: Salt Market 2022
Salt Market Size in Thailand
The Thai salt market soared to $X in 2021, with an increase of X% against the previous year. In general, the total consumption 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, consumption decreased by -X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.
Salt Production in Thailand
In value terms, salt production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable 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, production decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.
Salt Exports
Exports from Thailand
In 2021, approx. X tonnes of salt and pure sodium chloride were exported from Thailand; picking up by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, salt exports rose to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern 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%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Exports by Country
Cambodia (X tonnes), Myanmar (X tonnes) and Malaysia (X tonnes) were the main destinations of salt exports from Thailand, with a combined X% share of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.
In value terms, Cambodia ($X), Myanmar ($X) and Papua New Guinea ($X) appeared to be the largest markets for salt exported from Thailand worldwide, together comprising X% of total exports.
Myanmar, with a CAGR of +X%, saw 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
The average salt export price stood at $X per tonne in 2021, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per tonne. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Papua New Guinea ($X per tonne), while the average price for exports to Marshall Islands ($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 Cambodia (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Salt Imports
Imports into Thailand
In 2021, overseas purchases of salt and pure sodium chloride decreased by -X% to X tonnes, falling for the third consecutive year after five years of growth. In general, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X tonnes in 2018; however, from 2019 to 2021, imports remained at a lower figure.
In value terms, salt imports dropped to $X in 2021. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports remained at a lower figure.
Imports by Country
In 2021, India (X tonnes) constituted the largest supplier of salt to Thailand, with a X% share of total imports. Moreover, salt imports from India exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. Taiwan (Chinese) (X tonnes) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual growth rate of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Taiwan (Chinese) (+X% per year).
In value terms, India ($X), Taiwan (Chinese) ($X) and China ($X) constituted the largest salt suppliers to Thailand, together accounting for X% of total imports.
Taiwan (Chinese), with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 $X per tonne, with an increase of X% against the previous year. In general, the import price showed a measured increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the salt market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Recommended reports
This report provides an in-depth analysis of the global salt market.
This report provides an in-depth analysis of the salt market in the EU.
This report provides an in-depth analysis of the salt market in Asia.
This report provides an in-depth analysis of the salt market in the U.S..
This report provides an in-depth analysis of the salt market in China.
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET
Join our live webinar to get insights into cooling innovations in the oil and gas industry.
Monday, November 2nd, 2020 @ 04:00 pm ET