Thailand - Salt - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand's Salt Export Sees Slight Decline, Reaching $30M in 2023
Thailand Salt Exports
In 2023, the amount of salt and pure sodium chloride exported from Thailand expanded slightly to 284K tons, with an increase of 1.6% compared with 2022. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2022 with an increase of 69% against the previous year. The exports peaked in 2023 and are likely to see steady growth in the near future.
In value terms, salt exports contracted slightly to $30M (IndexBox estimates) in 2023. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2022 when exports increased by 59% against the previous year. As a result, the exports reached the peak of $32M, and then fell modestly in the following year.
| COUNTRY | Export Value of Salt in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Cambodia | 0.9 | 1.4 | 1.5 | 1.8 | 1.9 | 3.2 | 4.2 | 4.3 | 4.3 | 7.7 | 8.7 |
| Vietnam | 1.6 | 1.8 | 0.9 | 0.5 | 0.4 | 0.7 | 0.8 | 1.0 | 1.4 | 7.6 | 4.8 |
| Myanmar | 2.6 | 1.7 | 1.4 | 1.8 | 2.8 | 2.8 | 3.4 | 3.1 | 3.1 | 3.0 | 3.4 |
| Papua New Guinea | 2.4 | 2.0 | 3.2 | 2.4 | 2.8 | 3.0 | 3.7 | 3.0 | 2.6 | 3.6 | 3.3 |
| Malaysia | 3.0 | 2.8 | 3.1 | 2.4 | 2.6 | 2.5 | 2.6 | 2.9 | 2.3 | 2.9 | 2.5 |
| Lao People's Democratic Republic | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 | 1.5 |
| Philippines | 1.1 | 1.3 | 0.7 | 0.8 | 0.9 | 1.1 | 1.0 | 1.2 | 1.2 | 1.3 | 1.2 |
| Bangladesh | 0.6 | 0.8 | 0.5 | 0.5 | 0.6 | 0.7 | 0.6 | 0.5 | 0.6 | 1.0 | 0.8 |
| Others | 3.8 | 3.7 | 3.4 | 3.5 | 3.4 | 3.3 | 3.9 | 3.5 | 3.7 | 3.8 | 3.9 |
| Total | 16.2 | 15.6 | 14.8 | 13.8 | 15.6 | 17.8 | 20.7 | 20.0 | 19.8 | 31.6 | 30.2 |
Exports by Country
Cambodia (100K tons), Vietnam (56K tons) and Myanmar (34K tons) were the main destinations of salt exports from Thailand, with a combined 67% share of total exports. Malaysia, Lao People's Democratic Republic, Papua New Guinea, the Philippines and Bangladesh lagged somewhat behind, together accounting for a further 23%.
From 2013 to 2023, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +41.2%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Cambodia ($8.7M), Vietnam ($4.8M) and Myanmar ($3.4M) were the largest markets for salt exported from Thailand worldwide, together accounting for 56% of total exports. Papua New Guinea, Malaysia, Lao People's Democratic Republic, the Philippines and Bangladesh lagged somewhat behind, together accounting for a further 31%.
Lao People's Democratic Republic, with a CAGR of +34.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the salt price amounted to $106 per ton (FOB, Thailand), dropping by -5.7% against the previous year. Over the period under review, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 54%. As a result, the export price reached the peak level of $196 per ton. From 2020 to 2023, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Papua New Guinea ($193 per ton), while the average price for exports to Marshall Islands ($81 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the salt market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
