Report Update Nov 1, 2024

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

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Ireland: Salt Market 2024

Salt Market Size in Ireland

For the third consecutive year, the Irish salt market recorded growth in sales value, which increased by 4.5% to $X in 2022. Over the period under review, consumption, however, enjoyed strong growth. Salt consumption peaked in 2022 and is likely to see gradual growth in years to come.

Salt Exports

Exports from Ireland

In 2022, shipments abroad of salt and pure sodium chloride was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, salt exports fell to $X in 2022. In general, exports, however, saw a mild curtailment. The growth pace was the most rapid in 2019 when exports increased by 115% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for salt exports from Ireland, with a 75% share of total exports. Moreover, salt exports to the UK exceeded the volume sent to the second major destination, Belgium (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +19.9%.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium was relatively modest.

Export Prices by Country

In 2022, the average salt export price amounted to $X per ton, which is down by -86% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 578%. As a result, the export price reached the peak level of $X per ton, and then reduced rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-2.4%), while the prices for the other major destinations experienced a decline.

Salt Imports

Imports into Ireland

Salt imports into Ireland totaled X tons in 2022, leveling off at 2021 figures. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 83%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, salt imports amounted to $X in 2022. Over the period under review, imports enjoyed strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 37%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of salt to Ireland, accounting for a 54% share of total imports. Moreover, salt imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.7% per year) and Germany (+22.1% per year).

In value terms, the UK ($X) constituted the largest supplier of salt and pure sodium chloride to Ireland, comprising 39% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 19% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.6% per year) and Germany (+16.4% per year).

Import Prices by Country

The average salt import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a modest expansion. The growth pace was the most rapid in 2017 an increase of 51%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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 Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+49.2%), 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 Ireland?

In value terms, the UK constituted the largest supplier of salt to Ireland, comprising 45% of total imports. The second position in the ranking was occupied by the Netherlands, with a 17% share of total imports. It was followed by Germany, with a 14% share.

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

In value terms, Belgium remains the key foreign market for salt exports from Ireland, comprising 83% of total exports. The second position in the ranking was occupied by the UK, with a 13% share of total exports.

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

The average salt export price stood at $3,255 per ton in 2021, with an increase of 31% against the previous year.

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

In 2021, the average salt import price amounted to $147 per ton, rising by 2.6% against the previous year.

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

Ireland

Data coverage:

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