Report Update Nov 1, 2024

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

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Bangladesh: Salt Market 2024

Salt Market Size in Bangladesh

The Bangladeshi salt market rose significantly to $X in 2022, growing by 12% against the previous year. Over the period under review, consumption, however, recorded a slight setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Salt Production in Bangladesh

In value terms, salt production totaled $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Salt Exports

Exports from Bangladesh

In 2022, overseas shipments of salt and pure sodium chloride increased by 7.7% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 612%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, salt exports soared to $X in 2022. In general, exports recorded a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 341%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for salt exports from Bangladesh, with a 48% share of total exports. Moreover, salt exports to Singapore exceeded the volume sent to the second major destination, Norway (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-16.5% per year) and Australia (-5.2% per year).

In value terms, Singapore ($X) remains the key foreign market for salt and pure sodium chloride exports from Bangladesh, comprising 45% of total exports. The second position in the ranking was held by Norway ($X), with a 5.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-9.5% per year) and Australia (-1.1% per year).

Export Prices by Country

The average salt export price stood at $X per ton in 2022, picking up by 6.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average 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 Australia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Bangladesh

In 2022, salt imports into Bangladesh soared to X tons, increasing by 33% on the previous year. Overall, imports recorded modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 85% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, salt imports reduced to $X in 2022. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 65%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the main salt supplier to Bangladesh, with a 99% share of total imports. It was followed by China (X tons), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India stood at +2.1%.

In value terms, India ($X) constituted the largest supplier of salt and pure sodium chloride to Bangladesh, comprising 90% of total imports. The second position in the ranking was held by China ($X), with a 1.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India amounted to -4.3%.

Import Prices by Country

In 2022, the average salt import price amounted to $X per ton, dropping by -26.2% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 19% 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 lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.8%).

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. Mexico, Germany, Australia, Canada, Chile, Brazil, France, Turkey, the Netherlands and the UK lagged somewhat behind, together accounting for a further 31%.

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

In value terms, India constituted the largest supplier of salt to Bangladesh.

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

In value terms, Malaysia remains the key foreign market for salt exports from Bangladesh.

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

The average salt export price stood at $271 per ton in 2021, declining by -13.3% against the previous year.

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

In 2021, the average salt import price amounted to $15 per ton, which is down by -37.3% against the previous year.

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

Bangladesh

Data coverage:

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