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Asia - Salt - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Asia - Salt - Market Analysis, Forecast, Size, Trends and Insights

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Mar 10, 2020

Asia's Salt Market - India is the Largest and Fastest Growing Exporter in the Region

IndexBox has just published a new report: 'Asia - Salt - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the salt market in Asia amounted to $8.3B in 2018, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.8% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review.

Consumption By Country

China (74M tons) remains the largest salt consuming country in Asia, comprising approx. 57% of total consumption. Moreover, salt consumption in China exceeded the figures recorded by the region's second-largest consumer, India (16M tons), fivefold. The third position in this ranking was occupied by Japan (5.7M tons), with a 4.4% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China stood at +1.5%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+0.8% per year) and Japan (-0.9% per year).

In value terms, China ($5.3B) led the market, alone. The second position in the ranking was occupied by Pakistan ($435M). It was followed by Japan.

In 2018, the highest levels of salt per capita consumption was registered in Taiwan, Chinese (134 kg per person), followed by Turkey (63 kg per person), Saudi Arabia (61 kg per person) and South Korea (53 kg per person), while the world average per capita consumption of salt was estimated at 28 kg per person.

In Taiwan, Chinese, salt per capita consumption remained relatively stable over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Turkey (+5.3% per year) and Saudi Arabia (+0.7% per year).

Production in Asia

In 2018, approx. 124M tons of salt and pure sodium chloride were produced in Asia; growing by 2.1% against the previous year. The total output volume increased at an average annual rate of +2.3% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when production volume increased by 14% y-o-y. In that year, salt production reached its peak volume of 124M tons. From 2014 to 2018, salt production growth failed to regain its momentum.

In value terms, salt production totaled $8.2B in 2018 estimated in export prices. The total output value increased at an average annual rate of +3.3% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years.

Exports in Asia

In 2018, approx. 16M tons of salt and pure sodium chloride were exported in Asia; going up by 21% against the previous year. In general, salt exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2011 with an increase of 44% year-to-year. The volume of exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, salt exports amounted to $528M (IndexBox estimates) in 2018. In general, salt exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2008 when exports increased by 49% y-o-y. Over the period under review, salt exports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

India prevails in salt exports structure, reaching 13M tons, which was approx. 79% of total exports in 2018. It was distantly followed by China (1,448K tons), committing a 9% share of total exports. The following exporters - Kazakhstan (377K tons), Turkey (375K tons) and Pakistan (301K tons) - each finished at a 6.5% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to salt exports from India stood at +25.1%. At the same time, Kazakhstan (+53.6%), Turkey (+26.7%), Pakistan (+18.1%) and China (+5.9%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter in Asia, with a CAGR of +53.6% from 2007-2018. While the share of India (+73 p.p.), China (+4.2 p.p.), Kazakhstan (+2.3 p.p.), Turkey (+2.2 p.p.) and Pakistan (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($227M) remains the largest salt supplier in Asia, comprising 43% of total salt exports. The second position in the ranking was occupied by China ($93M), with a 18% share of total exports. It was followed by Pakistan, with a 9.8% share.

In India, salt exports increased at an average annual rate of +22.2% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+9.1% per year) and Pakistan (+28.6% per year).

Export Prices by Country

In 2018, the salt export price in Asia amounted to $33 per ton, dropping by -2.5% against the previous year. Overall, the salt export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2008 when the export price increased by 26% year-to-year. In that year, the export prices for salt and pure sodium chloride reached their peak level of $63 per ton. From 2009 to 2018, the growth in terms of the export prices for salt and pure sodium chloride failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Pakistan ($171 per ton), while India ($18 per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Pakistan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the salt market in Asia. 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.

Product coverage:

  • Prodcom 08931000 - Salt (including denatured salt but excluding salt suitable for human consumption) and pure sodium chloride, whether or not in aqueous solution or containing added anti-caking or free-flowing agents
  • Prodcom 10843000 - Salt suitable for human consumption

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia, split by region and country
  • Trade (exports and imports) in Asia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Armenia
    • Azerbaijan
    • Bahrain
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cyprus
    • Georgia
    • India
    • Indonesia
    • Iran
    • Iraq
    • Israel
    • Japan
    • Jordan
    • Kazakhstan
    • Kuwait
    • Kyrgyzstan
    • Lebanon
    • Malaysia
    • Maldives
    • Mongolia
    • Myanmar
    • Nepal
    • Oman
    • Pakistan
    • Palestine
    • Philippines
    • Qatar
    • Saudi Arabia
    • Singapore
    • South Korea
    • Sri Lanka
    • Syrian Arab Republic
    • Taiwan (Chinese)
    • Tajikistan
    • Thailand
    • Timor-Leste
    • Turkey
    • Turkmenistan
    • United Arab Emirates
    • Uzbekistan
    • Vietnam
    • Yemen
    • Lao People's Democratic Republic
    • Democratic People's Republic of Korea

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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