Report Update Nov 1, 2024

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

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Azerbaijan: Salt Market 2024

Salt Market Size in Azerbaijan

The Azerbaijani salt market fell notably to $X in 2022, with a decrease of -95.7% against the previous year. In general, consumption faced a significant decrease. Salt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Salt Production in Azerbaijan

In value terms, salt production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a slight contraction. The pace of growth was the most pronounced in 2015 with an increase of 21%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Salt Exports

Exports from Azerbaijan

In 2022, after two years of decline, there was significant growth in shipments abroad of salt and pure sodium chloride, when their volume increased by 25% to X tons. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of 404% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, salt exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 175% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for salt exports from Azerbaijan, with a 71% share of total exports. Moreover, salt exports to Russia exceeded the volume sent to the second major destination, Georgia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to +120.6%.

In value terms, Russia ($X) and Georgia ($X) appeared to be the largest markets for salt exported from Azerbaijan worldwide.

Russia, with a CAGR of +108.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average salt export price amounted to $X per ton, picking up by 18% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 37%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+2.6%).

Salt Imports

Imports into Azerbaijan

In 2022, overseas purchases of salt and pure sodium chloride decreased by -14% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a noticeable decline. The pace of growth was the most pronounced in 2018 when imports increased by 55% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, salt imports contracted markedly to $X in 2022. In general, imports showed a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) constituted the largest salt supplier to Azerbaijan, with a 72% share of total imports. Moreover, salt imports from Iran exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. Ukraine (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran amounted to +79.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-2.7% per year) and Ukraine (-26.1% per year).

In value terms, Iran ($X) constituted the largest supplier of salt and pure sodium chloride to Azerbaijan, comprising 48% of total imports. The second position in the ranking was taken by Russia ($X), with an 18% share of total imports. It was followed by Belarus, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran stood at +82.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-1.8% per year) and Belarus (+8.7% per year).

Import Prices by Country

The average salt import price stood at $X per ton in 2022, falling by -5.1% against the previous year. In general, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salt and pure sodium chloride in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption.

What are the largest producers of salt and pure sodium chloride in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 45% 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 31%.

What are the leading suppliers of salt and pure sodium chloride to Azerbaijan?

In value terms, Ukraine, Iran and Russia constituted the largest salt suppliers to Azerbaijan, together comprising 84% of total imports.

What are the leading importers of salt and pure sodium chloride from Azerbaijan?

In value terms, Russia remains the key foreign market for salt exports from Azerbaijan, comprising 75% of total exports. The second position in the ranking was occupied by Georgia, with a 25% share of total exports.

What is the average export price for salt and pure sodium chloride in Azerbaijan?

In 2021, the average salt export price amounted to $90 per ton, stabilizing at the previous year.

What is the average import price for salt and pure sodium chloride in Azerbaijan?

In 2021, the average salt import price amounted to $77 per ton, reducing by -26.5% against the previous year.

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

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
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.

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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023