United Arab Emirates: Salt Market Overview 2021

Salt Market Size in the United Arab Emirates

The salt market in the United Arab Emirates amounted to $X in 2020, surging 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, consumption saw a prominent increase. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the near future.

Salt Exports

Exports from the United Arab Emirates

In 2020, shipments abroad of salt and pure sodium chloride decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, salt exports dropped sharply to $X in 2020. Over the period under review, exports recorded a slight decline. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2020, exports failed to regain the 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. Moreover, salt exports to India exceeded the volume sent to the second major destination, Zimbabwe (X tonnes), more than tenfold. The third position in this ranking was occupied by Democratic Republic of the Congo (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+X% per year) and Democratic Republic of the Congo (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to India totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+X% per year) and Democratic Republic of the Congo (+X% per year).

Export Prices by Country

The average salt export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per tonne), while the average price for exports to Democratic Republic of the Congo ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo, while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into the United Arab Emirates

In 2020, imports of salt and pure sodium chloride into the United Arab Emirates stood at X tonnes, therefore, remained relatively stable against 2019. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, salt imports skyrocketed to $X in 2020. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, India (X tonnes) constituted the largest salt supplier 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), eightfold. The third position in this ranking was occupied by Canada (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Canada (+X% per year).

In value terms, the Netherlands ($X), India ($X) and Pakistan ($X) constituted the largest salt suppliers to the United Arab Emirates, with a combined X% share of total imports. China and Canada lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of 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 2020, the average salt import price amounted to $X per tonne, increasing by X% against the previous year. In general, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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 2020, the most notable rate of growth in terms of prices was attained by Pakistan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform