Vietnam: Salt Market Overview 2020

Salt Market Size in Vietnam

The revenue of the salt market in Viet Nam amounted to $X in 2018, waning by -X% against the previous year. Overall, salt consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. In that year, the salt market attained its peak level of $X. From 2011 to 2018, the growth of the salt market remained at a somewhat lower figure.

Salt Production in Vietnam

In value terms, salt production amounted to $X in 2018 estimated in export prices. In general, salt production continues to indicate a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. In that year, salt production attained its peak level and is likely to continue its growth in the immediate term.

Salt Exports

Exports from Vietnam

In 2018, the salt exports from Viet Nam stood at X tonnes, waning by -X% against the previous year. In general, salt exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, salt exports reached their peak figure at X tonnes in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, salt exports totaled $X in 2018. In general, salt exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. In that year, salt exports attained their peak of $X. From 2012 to 2018, the growth of salt exports remained at a somewhat lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for salt exports from Viet Nam, accounting for a X% share of total exports. Moreover, salt exports to the U.S. exceeded the volume sent to the second major destination, Japan (X tonnes), ninefold. Australia (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the U.S. amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Australia (-X% per year).

In value terms, the U.S. ($X), Canada ($X) and Japan ($X) were the largest markets for salt exported from Viet Nam worldwide, with a combined X% share of total exports.

Among the main countries of destination, Canada experienced the highest rates of growth with regard to market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average salt export price stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period under review, the salt export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The export price peaked at $X per tonne in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Cambodia ($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 South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Vietnam

In 2018, the salt imports into Viet Nam stood at X tonnes, leveling off at the previous year. Overall, salt imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. In that year, salt imports attained their peak of X tonnes, leveling off in the following year.

In value terms, salt imports totaled $X in 2018. Over the period under review, salt imports, however, continue to indicate remarkable growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, salt imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

Imports by Country

India (X tonnes), China (X tonnes) and France (X tonnes) were the main suppliers of salt imports to Viet Nam, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by France (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest salt suppliers to Viet Nam were India ($X), China ($X) and France ($X), together comprising X% of total imports.

France (+X% per year) experienced the highest rates of growth with regard to market size, among the main suppliers over the period under review, while imports for 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, dropping by -X% against the previous year. Over the period under review, the salt import price continues to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2010 when the average import price increased by X% y-o-y. In that year, the average import prices for salt and pure sodium chloride reached their peak level of $X per tonne. From 2011 to 2018, the growth in terms of the average import prices for salt and pure sodium chloride remained at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform