Turkey: Salt Market 2022

Salt Market Size in Turkey

The Turkish salt market contracted modestly to $X in 2021, leveling off at the previous year. Overall, consumption recorded a pronounced slump. The growth pace was the most rapid in 2018 when the market value increased by X%. Salt consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Salt Production in Turkey

In value terms, salt production reached $X in 2021 estimated in export price. Overall, production showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. Salt production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Salt Exports

Exports from Turkey

For the tenth year in a row, Turkey recorded growth in overseas shipments of salt and pure sodium chloride, which increased by X% to X tonnes in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, salt exports rose markedly to $X in 2021. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Russia (X tonnes), the United States (X tonnes) and Syrian Arab Republic (X tonnes) were the main destinations of salt exports from Turkey, together comprising X% of total exports. These countries were followed by Romania, the UK, Georgia, Ukraine, Italy, Cote d'Ivoire, Bulgaria and the United Arab Emirates, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the UK ($X) and the United States ($X) were the largest markets for salt exported from Turkey worldwide, with a combined X% share of total exports. Cote d'Ivoire, Romania, Syrian Arab Republic, Bulgaria, Georgia, Ukraine, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further X the main countries of destination, the United Arab Emirates, with a CAGR of +X%, saw 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

The average salt export price stood at $X per tonne in 2021, growing by X% against the previous year. Overall, the export price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per tonne), while the average price for exports to Syrian Arab Republic ($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 Syrian Arab Republic (X%), while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Turkey

After two years of growth, purchases abroad of salt and pure sodium chloride decreased by -X% to X tonnes in 2021. In general, imports faced a precipitous decline. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, salt imports expanded remarkably to $X in 2021. Over the period under review, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Pakistan (X tonnes), Germany (X tonnes) and France (X tonnes) were the main suppliers of salt imports to Turkey, with a combined X% share of total imports. The Netherlands, Iraq, the United States and Austria lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iraq (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Pakistan ($X), Germany ($X) and France ($X) appeared to be the largest salt suppliers to Turkey, with a combined X% share of total imports. These countries were followed by the United States, the Netherlands, Austria and Iraq, which together accounted for a further X United States, 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. Overall, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per tonne), while the price for Iraq ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform