United Arab Emirates: Salt Market 2022

Salt Market Size in the United Arab Emirates

In 2021, after three years of growth, there was significant decline in the salt market in the United Arab Emirates, when its value decreased by -X% to $X. In general, consumption recorded a resilient increase. Salt consumption peaked at $X in 2020, and then reduced in the following year.

Salt Exports

Exports from the United Arab Emirates

Salt exports from the United Arab Emirates soared to X tonnes in 2021, increasing by X% on 2020 figures. Over the period under review, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tonnes in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, salt exports rose notably to $X in 2021. Overall, total exports indicated a measured expansion from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tonnes) was the main destination for salt exports from the United Arab Emirates, with a X% share of total exports. It was followed by Malaysia (X tonnes), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to India stood at +X%.

In value terms, India ($X) remains the key foreign market for salt exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +X%.

Export Prices by Country

In 2021, the average salt export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per tonne. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to India amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-X%).

Salt Imports

Imports into the United Arab Emirates

In 2021, approx. X tonnes of salt and pure sodium chloride were imported into the United Arab Emirates; growing by X% on 2020 figures. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, salt imports fell to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, India (X tonnes) constituted the largest supplier of salt to the United Arab Emirates, with a X% share of total imports. Moreover, salt imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X tonnes), fourfold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and the Netherlands (+X% per year).

In value terms, the largest salt suppliers to the United Arab Emirates were the Netherlands ($X), India ($X) and Pakistan ($X), with a combined X% share of total imports. The UK, Turkey and Canada lagged somewhat behind, together accounting for a further X the main suppliers, Canada, with a CAGR of +X%, recorded the highest growth rate of 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 2021, the average salt import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform