Turkey: Salt Market Overview 2020

Salt Market Size in Turkey

The revenue of the salt market in Turkey amounted to $X in 2018, going up by X% against the previous year. Overall, salt consumption, however, continues to indicate strong growth. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. Salt consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Salt Production in Turkey

In value terms, salt production stood at $X in 2018 estimated in export prices. Over the period under review, salt production continues to indicate remarkable growth. The growth pace was the most rapid in 2009 when production volume increased by X% against the previous year. Over the period under review, salt production attained its maximum level at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

Salt Exports

Exports from Turkey

In 2018, approx. X tonnes of salt and pure sodium chloride were exported from Turkey; going up by X% against the previous year. Overall, salt exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. In that year, salt exports attained their peak of X tonnes. From 2016 to 2018, the growth of salt exports remained at a somewhat lower figure.

In value terms, salt exports amounted to $X in 2018. In general, salt exports continue to indicate an outstanding increase. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Georgia (X tonnes), Russia (X tonnes) and Iraq (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, Serbia, Bulgaria, Senegal, Ireland, the United Arab Emirates, Cyprus and Free Zones, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Ireland (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salt exported from Turkey were Iraq ($X), Russia ($X) and the UK ($X), with a combined X% share of total exports. These countries were followed by Romania, Georgia, the United Arab Emirates, Serbia, Ireland, Bulgaria, Cyprus, Free Zones and Senegal, which together accounted for a further X United Arab Emirates (+X% per year) experienced the highest growth rate of 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, surging by X% against the previous year. In general, the salt export price, however, continues to indicate a moderate shrinkage. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, the average export prices for salt and pure sodium chloride attained their peak figure at $X per tonne in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the UK ($X per tonne), while the average price for exports to Georgia ($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 Free Zones, while the prices for the other major destinations experienced mixed trend patterns.

Salt Imports

Imports into Turkey

Salt imports into Turkey amounted to X tonnes in 2018, increasing by X% against the previous year. In general, salt imports, however, continue to indicate a precipitous drop. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. In that year, salt imports attained their peak of X tonnes. From 2009 to 2018, the growth of salt imports failed to regain its momentum.

In value terms, salt imports stood at $X in 2018. Over the period under review, salt imports, however, continue to indicate a drastic contraction. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. In that year, salt imports reached their peak of $X. From 2009 to 2018, the growth of salt imports remained at a lower figure.

Imports by Country

Iran (X tonnes), Egypt (X tonnes) and Pakistan (X tonnes) were the main suppliers of salt imports to Turkey, together comprising X% of total imports. These countries were followed by Germany, Belgium, Jordan and the Netherlands, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Belgium (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X) constituted the largest supplier of salt to Turkey, comprising X% of total salt imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Jordan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Egypt (-X% per year).

Import Prices by Country

In 2018, the average salt import price amounted to $X per tonne, declining by -X% against the previous year. Overall, the salt import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. Over the period under review, the average import prices for salt and pure sodium chloride attained their peak figure at $X per tonne in 2017, and then declined slightly in the following year.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Iran, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform