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Thailand - Salt - Market Analysis, Forecast, Size, Trends and Insights
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Thailand: Salt Market Overview 2021

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Salt Market Size in Thailand

The Thai salt market rose slightly to $X in 2020, surging by X% against the previous year. Over the period under review, consumption saw a buoyant expansion. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Salt consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Salt Production in Thailand

In value terms, salt production rose slightly to $X in 2020 estimated in export prices. In general, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Salt production peaked at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Salt Exports

Exports from Thailand

In 2020, overseas shipments of salt and pure sodium chloride decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports recorded a slight descent. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Exports peaked at X tonnes in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, salt exports totaled $X in 2020. In general, total exports indicated a measured increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tonnes), Malaysia (X tonnes) and Papua New Guinea (X tonnes) were the main destinations of salt exports from Thailand, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Cambodia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Papua New Guinea ($X) and Malaysia ($X) constituted the largest markets for salt exported from Thailand worldwide, with a combined X% share of total exports.

Among the main countries of destination, Cambodia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average salt export price amounted to $X per tonne, with an increase of X% against the previous year. Overall, export price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, salt export price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the maximum at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2020, 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 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Thailand

In 2020, purchases abroad of salt and pure sodium chloride decreased by -X% to X tonnes, falling for the second consecutive year after five years of growth. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. From 2019 to 2020, the growth imports remained at a lower figure.

In value terms, salt imports dropped rapidly to $X in 2020. Overall, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of salt to Thailand, accounting for a X% share of total imports. Moreover, salt imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tonnes), sevenfold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and India (+X% per year).

In value terms, the largest salt suppliers to Thailand were Taiwan (Chinese) ($X), China ($X) and India ($X), together comprising X% of total imports.

Among the main suppliers, China recorded 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 2020, the average salt import price amounted to $X per tonne, reducing by -X% against the previous year. In general, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2013 when the average import price increased by X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Taiwan (Chinese) ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in the world?
+
The countries with the highest volumes of salt consumption in 2020 were China (65M tonnes), the U.S. (56M tonnes) and India (18M tonnes), with a combined 48% share of global consumption. These countries were followed by Germany, Australia, Mexico, Brazil, Japan, France, Canada, the UK and Turkey, which together accounted for a further 24%.
What are the largest producers of salt and pure sodium chloride in the world?
+
The countries with the highest volumes of salt production in 2020 were China (65M tonnes), the U.S. (39M tonnes) and India (28M tonnes), with a combined 46% share of global production. These countries were followed by Germany, Australia, Chile, Canada, Mexico, Brazil, Turkey, France, the UK and the Netherlands, which together accounted for a further 29%.
What are the leading suppliers of salt and pure sodium chloride to Thailand?
+
In value terms, Taiwan (Chinese) ($1.5M), China ($1.1M) and India ($999K) appeared to be the largest salt suppliers to Thailand, together accounting for 64% of total imports.
What are the leading importers of salt and pure sodium chloride from Thailand?
+
In value terms, the largest markets for salt exported from Thailand were Cambodia ($2.5M), Papua New Guinea ($2.2M) and Malaysia ($1.6M), with a combined 55% share of total exports.
What is the average export price for salt and pure sodium chloride in Thailand?
+
The average salt export price stood at $138 per tonne in 2020, surging by 5.4% against the previous year.
What is the average import price for salt and pure sodium chloride in Thailand?
+
In 2020, the average salt import price amounted to $156 per tonne, with a decrease of -17.5% against the previous year.

Product coverage:

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 2025.


Country coverage:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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