Report Update Nov 1, 2024

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

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Ecuador: Salt Market 2024

Salt Market Size in Ecuador

The Ecuadorian salt market stood at $X in 2022, with an increase of 9.1% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Salt Production in Ecuador

In value terms, salt production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Salt Exports

Exports from Ecuador

In 2022, overseas shipments of salt and pure sodium chloride increased by 5.1% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 224%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, salt exports soared to $X in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 195% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cuba (X tons) was the main destination for salt exports from Ecuador, with a approx. 12% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Cuba stood at +16.8%.

In value terms, Cuba ($X) also remains the key foreign market for salt and pure sodium chloride exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba totaled +20.6%.

Export Prices by Country

The average salt export price stood at $X per ton in 2022, jumping by 55% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salt export price decreased by -24.4% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 69%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Cuba.

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +15.1% per year.

Salt Imports

Imports into Ecuador

In 2022, approx. X tons of salt and pure sodium chloride were imported into Ecuador; with a decrease of -23.1% against the year before. Over the period under review, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 413% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, salt imports rose markedly to $X in 2022. Overall, imports, however, showed a moderate expansion. The growth pace was the most rapid in 2020 when imports increased by 92% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Colombia (X tons) constituted the largest salt supplier to Ecuador, with a 35% share of total imports. Moreover, salt imports from Colombia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Peru (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+40.7% per year) and Peru (-18.5% per year).

In value terms, Colombia ($X), Germany ($X) and Pakistan ($X) were the largest salt suppliers to Ecuador, together comprising 60% of total imports.

Pakistan, with a CAGR of +113.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average salt import price amounted to $X per ton, with an increase of 37% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 160%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Pakistan ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (-0.4%), while the prices for the other major suppliers experienced a decline.

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 Ecuador?

In value terms, Chile constituted the largest supplier of salt to Ecuador, comprising 43% of total imports. The second position in the ranking was occupied by Colombia, with an 18% share of total imports. It was followed by Germany, with an 11% share.

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

In value terms, Peru $651) remains the key foreign market for salt exports from Ecuador, comprising 64% of total exports. The second position in the ranking was occupied by the United States $186), with an 18% share of total exports.

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

In 2021, the average salt export price amounted to $696 per ton, jumping by 191% against the previous year.

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

In 2021, the average salt import price amounted to $116 per ton, declining by -25.6% against the previous year.

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

Ecuador

Data coverage:

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