Global Salt Market 2024

Salt Market Size

The global salt market dropped to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Global consumption peaked at $X in 2021, and then dropped modestly in the following year.

Salt Production

In value terms, salt production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Salt Exports

Exports

In 2022, global salt exports expanded significantly to X tons, growing by X% against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, salt exports reduced slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

In 2022, India (X tons), distantly followed by Chile (X tons), Canada (X tons), the Netherlands (X tons) and Germany (X tons) represented the main exporters of salt and pure sodium chloride, together making up X% of total exports. The following exporters - Brazil (X tons), Belarus (X tons), Tunisia (X tons), China (X tons), Spain (X tons), Egypt (X tons), the United States (X tons) and Australia (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Australia (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and India ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. The United States, Canada, Chile, Spain, China, Belarus, Brazil, Egypt, Tunisia and Australia lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average salt export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The global export price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other global leaders experienced more modest paces of growth.

Salt Imports

Imports

In 2022, approx. X tons of salt and pure sodium chloride were imported worldwide; surging by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, salt imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importer of salt and pure sodium chloride in the world, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Japan (X tons) took the second position in the ranking, followed by Indonesia (X tons). All these countries together held approx. X% share of total imports. Canada (X tons), South Korea (X tons), Taiwan (Chinese) (X tons), Brazil (X tons), Germany (X tons), Belgium (X tons), Russia (X tons), the UK (X tons), Qatar (X tons) and China (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, the UK (X%), China (X%), Indonesia (X%), Qatar (X%), Brazil (X%), Canada (X%) and Belgium (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Germany (X%), South Korea (X%), Japan (X%), Russia (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Russia (X p.p.), South Korea (X p.p.), Taiwan (Chinese) (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt importing markets worldwide were the United States ($X), China ($X) and Japan ($X), with a combined X% share of global imports. Germany, South Korea, Belgium, Canada, Taiwan (Chinese), Indonesia, the UK, Brazil, Russia and Qatar lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average salt import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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