Israel: Salt Market 2024

Salt Market Size in Israel

The Israeli salt market fell slightly to $X in 2022, waning by -2% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Salt consumption peaked at $X in 2021, and then declined slightly in the following year.

Salt Production in Israel

In value terms, salt production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then dropped in the following year.

Salt Exports

Exports from Israel

In 2022, overseas shipments of salt and pure sodium chloride increased by 14% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 17%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, salt exports expanded remarkably to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 16%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for salt exports from Israel, with a 49% share of total exports. Moreover, salt exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was held by Portugal (X tons), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.3% per year) and Portugal (-4.4% per year).

In value terms, the United States ($X) emerged as the key foreign market for salt and pure sodium chloride exports from Israel, comprising 42% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-1.9% per year) and Germany (+3.3% per year).

Export Prices by Country

The average salt export price stood at $X per ton in 2022, dropping by -4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2021 an increase of 17%. As a result, the export price reached the peak level of $X per ton, and then contracted modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Nigeria ($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 Russia (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Israel

In 2022, supplies from abroad of salt and pure sodium chloride decreased by -7.3% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 277% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, salt imports reduced modestly to $X in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 231% against the previous year. Imports peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of salt to Israel, accounting for a 61% share of total imports. Moreover, salt imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.4% per year) and Turkey (+30.1% per year).

In value terms, Germany ($X) constituted the largest supplier of salt and pure sodium chloride to Israel, comprising 45% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+41.8% per year) and Turkey (+41.1% per year).

Import Prices by Country

The average salt import price stood at $X per ton in 2022, increasing by 3.4% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2016 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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