Iran: Salt Market 2024

Salt Market Size in Iran

In 2022, the Iranian salt market increased by less than 0.1% to $X, rising for the fourth year in a row after three years of decline. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +96.0% against 2018 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Salt Production in Iran

In value terms, salt production fell modestly to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +77.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 63% against the previous year. Salt production peaked at $X in 2021, and then fell in the following year.

Salt Exports

Exports from Iran

In 2022, the amount of salt and pure sodium chloride exported from Iran dropped markedly to X tons, falling by -23.2% on 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 96%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, salt exports reduced to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 74%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Georgia (X tons) and Armenia (X tons) were the main destinations of salt exports from Iran, together comprising 79% of total exports. Azerbaijan, Turkey, Qatar and the Netherlands lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +183.5%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for salt and pure sodium chloride exports from Iran, comprising 40% of total exports. The second position in the ranking was taken by Georgia ($X), with a 19% share of total exports. It was followed by Armenia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +170.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (-0.4% per year) and Armenia (+34.5% per year).

Export Prices by Country

The average salt export price stood at $X per ton in 2022, growing by 24% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 increased by +66.3% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 50%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Turkey ($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 Afghanistan (+71.2%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Iran

In 2022, overseas purchases of salt and pure sodium chloride increased by 64% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 246%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, salt imports dropped to $X in 2022. In general, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2016 when imports increased by 277%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Uzbekistan (X tons) and Germany (X tons) were the main suppliers of salt imports to Iran, together accounting for 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +33.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Uzbekistan ($X) and Germany ($X) were the largest salt suppliers to Iran, with a combined 83% share of total imports.

Turkey, with a CAGR of +30.1%, 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

The average salt import price stood at $X per ton in 2022, dropping by -45% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 92%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Turkey ($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 (+24.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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