Turkey: Salt Market Overview 2021

Salt Market Size in Turkey

In 2019, the Turkish salt market increased by X% to $X, rising for the third consecutive year after four years of decline. In general, consumption recorded a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Salt Production in Turkey

In value terms, salt production rose significantly to $X in 2019 estimated in export prices. Overall, production showed strong growth. The pace of growth was the most pronounced in 2011 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

Salt Exports

Exports from Turkey

In 2019, overseas shipments of salt and pure sodium chloride increased by X% to X tonnes, rising for the seventh consecutive year after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, salt exports soared to $X in 2019. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

The U.S. (X tonnes) was the main destination for salt exports from Turkey, accounting for a X% share of total exports. Moreover, salt exports to the U.S. exceeded the volume sent to the second major destination, Russia (X tonnes), threefold. The third position in this ranking was occupied by Romania (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Romania (+X% per year).

In value terms, the largest markets for salt exported from Turkey were the U.S. ($X), the UK ($X) and Russia ($X), together accounting for X% of total exports. Iraq, Romania, Austria, Bulgaria, Serbia, Cote d'Ivoire, Georgia and Ukraine lagged somewhat behind, together comprising a further X d'Ivoire (+X% per year) 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 2019, the average salt export price amounted to $X per tonne, waning by -X% against the previous year. In general, the export price recorded a noticeable reduction. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Austria ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Iraq, while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Turkey

In 2019, overseas purchases of salt and pure sodium chloride increased by X% to X tonnes, rising for the third consecutive year after five years of decline. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

In value terms, salt imports skyrocketed to $X in 2019. Over the period under review, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2009 to 2019, the growth 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. These countries were followed by Iraq, the Netherlands, Colombia and Poland, which together accounted for a further X 2007 to 2019, the biggest increases were in Poland, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Pakistan ($X) and France ($X) constituted the largest salt suppliers to Turkey, with a combined X% share of total imports. These countries were followed by the Netherlands, Colombia, Poland and Iraq, which together accounted for a further X the main suppliers, Poland (+X% per year) 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 2019, the average salt import price amounted to $X per tonne, approximately equating the previous year. Over the period under review, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure in 2019 and is likely to continue growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Iraq, while the prices for the other major suppliers experienced more modest paces of growth.

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 2019 were China (77M tonnes), the U.S. (62M tonnes) and India (18M tonnes), together comprising 51% of global consumption. Australia, Germany, Canada, Brazil, Mexico, France, the UK and Turkey lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of salt and pure sodium chloride in the world?

+

The countries with the highest volumes of salt production in 2019 were China (69M tonnes), the U.S. (42M tonnes) and India (31M tonnes), with a combined 47% share of global production. Canada, Germany, Australia, Chile, Mexico, Brazil, Egypt, Turkey, France and the Netherlands lagged somewhat behind, together accounting for a further 29%.

What are the leading suppliers of salt and pure sodium chloride to Turkey?

+

In value terms, Germany ($555K), Pakistan ($391K) and France ($369K) appeared to be the largest salt suppliers to Turkey, with a combined 44% share of total imports. The Netherlands, Colombia, Poland and Iraq lagged somewhat behind, together comprising a further 17%.

What are the leading importers of salt and pure sodium chloride from Turkey?

+

In value terms, the largest markets for salt exported from Turkey were the U.S. ($6.3M), the UK ($5.4M) and Russia ($4.9M), together comprising 44% of total exports. These countries were followed by Iraq, Romania, Austria, Bulgaria, Serbia, Cote d'Ivoire, Georgia and Ukraine, which together accounted for a further 32%.

What is the average export price for salt and pure sodium chloride in Turkey?

+

The average salt export price stood at $78 per tonne in 2019, declining by -6.3% against the previous year.

What is the average import price for salt and pure sodium chloride in Turkey?

+

In 2019, the average salt import price amounted to $244 per tonne, standing approx. at the previous year.