Austria: Salt Market 2024

Salt Market Size in Austria

The Austrian salt market rose slightly to $X in 2022, growing by 2.5% against the previous year. In general, consumption saw a resilient expansion. Salt consumption peaked in 2022 and is likely to continue growth in years to come.

Salt Production in Austria

In value terms, salt production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 20%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Salt Exports

Exports from Austria

In 2021, overseas shipments of salt and pure sodium chloride decreased by -25.8% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2019 when exports increased by 353%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, salt exports dropped sharply to $X in 2021. Over the period under review, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 497%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovakia (X tons) was the main destination for salt exports from Austria, with a 95% share of total exports. It was followed by Italy (X tons), with a 1.9% share of total exports. The third position in this ranking was held by Germany (X tons), with a 1% share.

From 2012 to 2021, the average annual growth rate of volume to Slovakia amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+45.2% per year) and Germany (-33.5% per year).

In value terms, Slovakia ($X) remains the key foreign market for salt and pure sodium chloride exports from Austria, comprising 84% of total exports. The second position in the ranking was held by Italy ($X), with a 7.9% share of total exports. It was followed by Germany, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia amounted to +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+41.9% per year) and Germany (-28.6% per year).

Export Prices by Country

The average salt export price stood at $X per ton in 2021, shrinking by -8.2% against the previous year. In general, the export price showed a noticeable downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 32%. 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 failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+35.2%), while the prices for the other major destinations experienced mixed trend patterns.

Salt Imports

Imports into Austria

In 2022, salt imports into Austria declined to X tons, with a decrease of -11.5% against the year before. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 94% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell in the following year.

In value terms, salt imports dropped to $X in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 77% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of salt to Austria, with a 62% share of total imports. Moreover, salt imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.5% per year) and Belgium (+57.4% per year).

In value terms, Germany ($X) constituted the largest supplier of salt and pure sodium chloride to Austria, comprising 49% of total imports. The second position in the ranking was held by France ($X), with a 19% share of total imports. It was followed by Belgium, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.4% per year) and Belgium (+52.5% per year).

Import Prices by Country

The average salt import price stood at $X per ton in 2022, picking up by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :