NEW YORK, March 09, 2022 (GLOBE NEWSWIRE) — IndexBox has released a new report: “World – Salt – Market Analysis, Forecast, Size, Trends and Insights”. Here is a summary of the main findings of the report.

Salt market size

The global salt market stood at $X in 2021, remaining relatively unchanged from the previous year. The market value has increased at an average annual rate of +X% over the period 2007 to 2021; the trend model indicated that some notable fluctuations were recorded throughout the analyzed period. The pace of growth appeared fastest in 2010 with an increase of X% year-on-year. Global consumption peaked in 2021 and is expected to maintain its growth in the years to come. REQUEST FREE DATA

Salt production

In value, salt production was $X in 2021, estimated in export price. The total value of production has increased at an average annual rate of +X% from 2007 to 2021; the trend model indicated that some notable fluctuations were recorded throughout the analyzed period. The pace of growth was most pronounced in 2010 with an increase of X% year-on-year. Global production peaked at $X in 2018; however, from 2019 to 2021, production was at a slightly lower figure. REQUEST FREE DATA

Production by country

The countries with the highest salt production volumes in 2021 were China (X tons), the United States (X tons) and India (X tons), with a combined share of X% of global production . Mexico, Germany, Australia, Chile, Canada, Brazil, Turkey, France, the United Kingdom and the Netherlands fell a little behind, together accounting for an additional X from 2007 to 2021, the largest increases were recorded in Turkey, while salt production for the other world leaders experienced more modest growth rates. REQUEST FREE DATA

Salt exports

Exports

In 2021, the amount of salt and pure sodium chloride exported to the world amounted to 2000 tons, which roughly corresponds to the figure of the previous year. The total volume of exports increased at an average annual rate of +X% over the period 2007 to 2021; however, the trend model indicated that some notable fluctuations were recorded throughout the analyzed period. The highest growth rate was recorded in 2017 with an increase of X% year-on-year. During the review period, global exports hit record highs of 2018 tons; however, from 2019 to 2021, exports were at a slightly lower figure.

In value, salt exports dropped to $X in 2021. During the review period, total exports showed a moderate increase from 2007 to 2021: their value increased at an average annual rate of +X% during of the last thirteen-year period. The trend model, however, indicated that some notable fluctuations were recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% compared to 2018 indices. The pace of growth appeared fastest in 2008 with an increase of X% year-on-year. Over the period under review, world exports peaked at $X in 2018; however, from 2019 to 2021, exports remained at a lower level.

Exports by country

In 2021, Mexico (X tons), followed far behind by India (X tons), Chile (X tons), Canada (X tons), the Netherlands (X tons) and Germany (X tons) were the largest exporters of salt and pure sodium chloride, which together represent X% of total exports. The following exporters – Brazil (X tons), China (X tons), United States (X tons), Belarus (X tons), Tunisia (X tons) and Spain (X tons) – each recorded a share of X% total exports.

From 2007 to 2021, the most notable growth rate in terms of deliveries, among the main exporting countries, was achieved by India, while the exports of the other world leaders experienced more modest growth rates.

In terms of value, the top salt-supplying countries in the world were India ($X), the Netherlands ($X) and Germany ($X), together accounting for X% of global exports.

In terms of major exporting countries, India recorded the highest growth rates in terms of export value, over the period under review, while shipments from other world leaders witnessed growth rates. more modest.

Export prices by country

The average export price of salt stood at $X per ton in 2021, down -X% from the previous year. In general, the export price has had a relatively stable trend. The pace of growth was most pronounced in 2016, when the average export price increased by 20% year-on-year. Over the period under review, average export prices peaked at X dollars per ton in 2013; however, from 2014 to 2021, export prices have settled at a slightly lower level.

There were significant differences in average prices between major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Mexico ($X per ton) was among the lowest.

From 2007 to 2021, the most notable growth rate in terms of prices was achieved by the United States, while the other world leaders experienced more modest growth rates.

Salt imports

Imports

In 2021, approx. X tons of salt and pure sodium chloride were imported into the world; increasing by X% compared to 2019. Total import volume increased at an average annual rate of +X% over the period from 2007 to 2021; however, the trend indicated that some notable fluctuations were recorded in some years. The pace of growth appeared fastest in 2011 when imports increased by X% year-on-year. Over the period under review, world imports peaked at X tonnes in 2018; however, from 2019 to 2021, imports were at a slightly lower figure.

In value, salt imports increased remarkably to reach $X in 2021. Overall, total imports showed pronounced growth from 2007 to 2021: their value increased at an average annual rate of +X% during of the past thirteen years. The trend model, however, indicated that some notable fluctuations were recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% compared to 2015 indices. The highest growth rate was recorded in 2008 with an increase of X% year-on-year. During the review period, global imports reached record levels in 2021 and are expected to maintain their growth in the near future.

Imports by country

In 2021, the United States (X tons) was the largest importer of salt and pure sodium chloride, creating X% of total imports. China (X tonnes) had a share of X% (based on tonnes) of total imports, which placed it in second place, followed by Japan (X%) and South Korea (X%). The following importers – Taiwan (Chinese) (X tons), Indonesia (X tons), Germany (X tons), Canada (X tons), Brazil (X tons), Russia (X tons), Norway (X tons) and Belgium (X tons) – together formed X% of total imports.

From 2007 to 2021, average annual growth rates for salt imports into the United States were +X%. At the same time, China (+X%), Brazil (+X%), Indonesia (+X%), South Korea (+X%), Russia (+X%) and Canada (+X%) posted positive growth trends. Additionally, China has become the fastest growing import importer in the world with a CAGR of +X% from 2007 to 2021. Norway, Belgium, Germany and Taiwan (Chinese) have been trending relatively stable. On the other hand, Japan (-X%) showed a downward trend over the same period. The United States (+X pp) and China (+X pp) significantly strengthened their position in terms of global imports, while Germany, Taiwan (Chinese) and Japan saw their share reduced by -X %, -X% and -X% from 2007 to 2021, respectively. The shares of the other countries remained relatively stable throughout the period analysed.

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

In the United States, salt imports increased at an average annual rate of +X% over the period 2007-2021. The other importing countries recorded the following average annual import growth rates: China (+X% per year) and Japan (-X% per year).

Import prices by country

The average import price of salt was $X per ton in 2021, up X% from the previous year. In general, the import price has had a relatively stable trend. The pace of growth was fastest in 2016, when the average import price increased by 20% year-on-year. The world import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices have settled at a slightly lower level.

Prices varied significantly depending on the country of destination; the country with the highest price was Belgium ($X per ton), while the United States ($X per ton) was among the lowest.

From 2007 to 2021, the most notable growth rate in terms of prices was achieved by Brazil, while the other world leaders experienced more modest growth rates.

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Companies mentioned in the report

Proinsal, Celusal, Lake MacDonnell, Cheetham Salt, Dampier Salt, WA Salt Supply, Onslow Salt, Salinen Austria, JSC “Mozyrsalt”, Solvay, European Salt Company, Solana Tuzla, Cimsal, Novosal, Norsal, Refinaria Nacional de Sal, Salina Diamante Branco, General Chemical, Sifto Canada, Windsor Salt, Kayway Industries, Punta de Lobos Salinas, China National Salt, Shandong Ocean Chemical, IFI Concession de Salinas, Prodesal, Brinsa, Dansk Salt, Egypt Salines, La Baleine, Solvay, Saddam Minerals , Wacker Chemie, British Salt, Irish Salt Mining & Exploration, Century Chemicals, Dev Salt, Israel Salt Industries, Salrom

Sources

World – Salt – Market analysis, forecasts, size, trends and prospects

Middle East – Salt – Market Analysis, Forecast, Size, Trends and Prospects

Southeast Asia – Salt – Market Analysis, Forecast, Size, Trends and Prospects

Central Asia – Salt – Market Analysis, Forecast, Size, Trends and Prospects

Asia – Salt – Market Analysis, Forecast, Size, Trends and Prospects