
United Kingdom - Salt - Market Analysis, Forecast, Size, Trends and Insights
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United Kingdom: Salt Market 2022
Salt Market Size in the UK
The UK salt market skyrocketed to $X in 2021, surging by X% against the previous year. The market 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 throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2021.
Salt Production in the UK
In value terms, salt production expanded markedly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.
Salt Exports
Exports from the UK
In 2021, the amount of salt and pure sodium chloride exported from the UK plummeted to X tonnes, declining by -X% against 2020. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at X tonnes in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
In value terms, salt exports reduced modestly to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.
Exports by Country
Ireland (X tonnes) was the main destination for salt exports from the UK, accounting for a X% share of total exports. Moreover, salt exports to Ireland exceeded the volume sent to the second major destination, Portugal (X tonnes), threefold. The Netherlands (X tonnes) ranked third in terms of total exports with an X% share.
From 2012 to 2021, the average annual growth rate of volume to Ireland stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-X% per year) and the Netherlands (-X% per year).
In value terms, Ireland ($X) remains the key foreign market for salt exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Ireland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and the Netherlands (+X% per year).
Export Prices by Country
In 2021, the average salt export price amounted to $X per tonne, surging by X% against the previous year. In general, the export price continues to indicate prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Denmark ($X per tonne), while the average price for exports to Portugal ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Salt Imports
Imports into the UK
In 2021, after two years of decline, there was significant growth in supplies from abroad of salt and pure sodium chloride, when their volume increased by X% to X tonnes. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tonnes in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
In value terms, salt imports amounted to $X in 2021. In general, total imports indicated a noticeable increase from 2012 to 2021: its value increased 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, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Spain (X tonnes) constituted the largest supplier of salt to the UK, accounting for a X% share of total imports. Moreover, salt imports from Spain exceeded the figures recorded by the second-largest supplier, Tunisia (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+X% per year) and Germany (+X% per year).
In value terms, Spain ($X), Germany ($X) and Tunisia ($X) were the largest salt suppliers to the UK, together comprising X% of total imports.
In terms of the main suppliers, Tunisia, with a CAGR of +X%, 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
The average salt import price stood at $X per tonne in 2021, falling by -X% against the previous year. Overall, the import price recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per tonne. From 2015 to 2021, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Pakistan ($X per tonne), while the price for Tunisia ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the salt market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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