Thailand: Salt Market Overview 2020

Salt Market Size in Thailand

The revenue of the salt market in Thailand amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, salt consumption continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the salt market reached its maximum level in 2018 and is expected to retain its growth in the near future.

Salt Production in Thailand

In value terms, salt production stood at $X in 2018 estimated in export prices. In general, salt production continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 when production volume increased by X% year-to-year. In that year, salt production reached its peak level of $X, and then declined slightly in the following year.

Salt Exports

Exports from Thailand

In 2018, the exports of salt and pure sodium chloride from Thailand amounted to X tonnes, jumping by X% against the previous year. In general, the total exports indicated a prominent expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, salt exports reached their peak figure at X tonnes in 2009; however, from 2010 to 2018, exports remained at a lower figure.

In value terms, salt exports stood at $X in 2018. Over the period under review, the total exports indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. In that year, salt exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Cambodia (X tonnes), Malaysia (X tonnes) and Papua New Guinea (X tonnes) were the main destinations of salt exports from Thailand, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Cambodia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Malaysia ($X) and Papua New Guinea ($X) appeared to be the largest markets for salt exported from Thailand worldwide, together comprising X% of total exports.

Cambodia recorded the highest rates of growth with regard to exports, among the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average salt export price amounted to $X per tonne, dropping by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. In that year, the average export prices for salt and pure sodium chloride reached their peak level of $X per tonne, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Papua New Guinea ($X per tonne), while the average price for exports to Panama ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Panama, while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Thailand

In 2018, the imports of salt and pure sodium chloride into Thailand stood at X tonnes, surging by X% against the previous year. Over the period under review, salt imports continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, salt imports totaled $X in 2018. In general, salt imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, India (X tonnes) constituted the largest salt supplier to Thailand, accounting for a X% share of total imports. Moreover, salt imports from India exceeded the figures recorded by the second-largest supplier, China (X tonnes), fivefold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the UK (+X% per year).

In value terms, the largest salt suppliers to Thailand were India ($X), China ($X) and New Zealand ($X), together accounting for X% of total imports. These countries were followed by Malaysia, the UK and Lao People's Democratic Republic, which together accounted for a further X the main suppliers, Lao People's Democratic Republic (+X% per year) recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average salt import price amounted to $X per tonne, approximately reflecting the previous year. In general, the salt import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while the price for Lao People's Democratic Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+X% per year), while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform