Global Salt Market 2022

Salt Market Size

The global salt market fell to $X in 2021, standing approx. at the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Global consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Salt Production

In value terms, salt production fell slightly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, global production attained the peak level at $X in 2020, and then shrank modestly in the following year.

Production By Country

The countries with the highest volumes of in 2021 were China (X tons), the United States (X tons) and India (X tons), with a combined X% share of global production. These countries were followed by Mexico, Germany, Australia, Canada, Chile, Brazil, France, Turkey, the Netherlands and the UK, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Mexico (with a CAGR of +X%), while production for the other global leaders experienced more modest paces of growth.

Salt Exports

Exports

Global salt exports expanded sharply to X tons in 2021, 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 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X%. The global exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, salt exports rose sharply to $X in 2021. The total export 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. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the global exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

In 2021, Mexico (X tons), distantly followed by India (X tons), Chile (X tons), Canada (X tons), the Netherlands (X tons) and Germany (X tons) were the key exporters of salt and pure sodium chloride, together mixing up X% of total exports. Belarus (X tons), China (X tons), Spain (X tons), Egypt (X tons), Tunisia (X tons) and the United States (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest salt supplying countries worldwide were the Netherlands ($X), Germany ($X) and Canada ($X), with a combined X% share of global exports. These countries were followed by Spain, Mexico, the United States, India, China, Chile, Belarus, Tunisia and Egypt, which together accounted for a further X terms of the main exporting countries, Spain, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average salt export price stood at $X per ton in 2021, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, 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

Global salt imports rose significantly to X tons in 2021, surging by X% compared with 2020. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, salt imports rose notably to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Global imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X tons), distantly followed by Japan (X tons), Indonesia (X tons) and South Korea (X tons) represented the largest importers of salt and pure sodium chloride, together committing X% of total imports. Germany (X tons), Canada (X tons), Belgium (X tons), Brazil (X tons), Russia (X tons), China (X tons), Taiwan (Chinese) (X tons), Norway (X tons) and the UK (X tons) occupied a little share of total imports.

Imports into the United States increased at an average annual rate of +X% from 2012 to 2021. At the same time, China (+X%), the UK (+X%), Indonesia (+X%), Belgium (+X%), Norway (+X%), Brazil (+X%), Japan (+X%), Canada (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. By contrast, South Korea (-X%), Russia (-X%) and Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. percentage points. Russia (-X p.p.), South Korea (-X p.p.) and Taiwan (Chinese) (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported salt and pure sodium chloride worldwide, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average salt import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, 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