United Arab Emirates: Salt Market Overview 2020

Salt Market Size in the United Arab Emirates

The revenue of the salt market in the United Arab Emirates amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a conspicuous expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. Over the period under review, the salt market reached its maximum level at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Salt Exports

Exports from the United Arab Emirates

In 2018, the exports of salt and pure sodium chloride from the United Arab Emirates totaled X tonnes, falling by -X% against the previous year. Overall, salt exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Exports peaked at X tonnes in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

In value terms, salt exports stood at $X in 2018. Over the period under review, salt exports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. Exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Oman (X tonnes) was the main destination for salt exports from the United Arab Emirates, with a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Oman amounted to -X%.

In value terms, Oman ($X) also remains the key foreign market for salt exports from the United Arab Emirates.

From 2007 to 2018, the average annual growth rate of value to Oman amounted to -X%.

Export Prices by Country

The average salt export price stood at $X per tonne in 2018, lowering by -X% against the previous year. Overall, the salt export price, however, continues to indicate a significant increase. The growth pace was the most rapid in 2011 when the average export price increased by 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. From 2012 to 2018, the growth in terms of the average export prices for salt and pure sodium chloride remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2007 to 2018, the rate of growth in terms of prices for Oman amounted to +X% per year.

Salt Imports

Imports into the United Arab Emirates

In 2018, the amount of salt and pure sodium chloride imported into the United Arab Emirates totaled X tonnes, surging by X% against the previous year. Over the period under review, salt imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. In that year, salt imports reached their peak of X tonnes. From 2015 to 2018, the growth of salt imports remained at a somewhat lower figure.

In value terms, salt imports amounted to $X in 2018. Over the period under review, the total imports indicated a moderate increase 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. Based on 2018 figures, salt imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, India (X tonnes) constituted the largest supplier of salt to the United Arab Emirates, accounting for a X% share of total imports. Moreover, salt imports from India exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tonnes), tenfold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-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 Belgium ($X), with a combined X% share of total imports. Saudi Arabia, Turkey, Iran and Canada lagged somewhat behind, together comprising a further X (+X% per year) experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, 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, going down by -X% against the previous year. Over the period under review, the salt import price continues to indicate a measured decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average import prices for salt and pure sodium chloride attained their maximum at $X per tonne in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, 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 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform