Brazil: Salt Market 2024

Salt Market Size in Brazil

The Brazilian salt market reduced dramatically to $X in 2022, with a decrease of -16.9% against the previous year. In general, consumption showed a noticeable descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Salt Production in Brazil

In value terms, salt production declined slightly to $X in 2022 estimated in export price. Overall, production showed a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 6%. Salt production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Salt Exports

Exports from Brazil

In 2022, the amount of salt and pure sodium chloride exported from Brazil surged to X tons, increasing by 320% on the previous year's figure. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, salt exports surged to $X in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons), the United States (X tons) and Cameroon (X tons) were the main destinations of salt exports from Brazil, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +38.5%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for salt exported from Brazil were the United States ($X), Nigeria ($X) and Cameroon ($X), with a combined 89% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +35.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average salt export price stood at $X per ton in 2022, falling by -21.7% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 13%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cameroon ($X per ton), while the average price for exports to Nigeria ($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 Cameroon (+30.8%), while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Brazil

In 2022, purchases abroad of salt and pure sodium chloride increased by 33% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when imports increased by 65% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, salt imports soared to $X in 2022. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 60% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of salt to Brazil, with a 77% share of total imports. Moreover, salt imports from Chile exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), fivefold. Denmark (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+82.4% per year) and Denmark (-11.0% per year).

In value terms, Chile ($X) constituted the largest supplier of salt and pure sodium chloride to Brazil, comprising 91% of total imports. The second position in the ranking was held by Pakistan ($X), with a 4.6% share of total imports. It was followed by the United States, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value from Chile totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+78.9% per year) and the United States (+6.9% per year).

Import Prices by Country

In 2022, the average salt import price amounted to $X per ton, surging by 2.7% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 an increase of 65% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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 Chile ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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