Northern America: Salt Market 2024

Salt Market Size in Northern America

The North American salt market declined to $X in 2022, reducing by -7.2% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2021, and then declined in the following year.

Salt Production in Northern America

In value terms, salt production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Salt Exports

Exports in Northern America

In 2022, overseas shipments of salt and pure sodium chloride decreased by -19.3% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 41%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, salt exports contracted to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 32% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Canada was the key exporting country with an export of about X tons, which resulted at 83% of total exports. It was distantly followed by the United States (X tons), mixing up a 17% share of total exports.

Canada was also the fastest-growing in terms of the salt and pure sodium chloride exports, with a CAGR of +1.5% from 2012 to 2022. The United States experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest salt supplying countries in Northern America were the United States ($X) and Canada ($X).

Among the main exporting countries, the United States, with a CAGR of +7.5%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by 10% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +20.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 48% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.8%).

Salt Imports

Imports in Northern America

In 2022, the amount of salt and pure sodium chloride imported in Northern America fell to X tons, which is down by -6.5% on the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.1% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 68% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, salt imports contracted modestly to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 63%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United States represented the major importer of salt and pure sodium chloride in Northern America, with the volume of imports reaching X tons, which was approx. 86% of total imports in 2022. It was distantly followed by Canada (X tons), committing a 14% share of total imports.

The United States was also the fastest-growing in terms of the salt and pure sodium chloride imports, with a CAGR of +5.7% from 2012 to 2022. At the same time, Canada (+5.4%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported salt and pure sodium chloride in Northern America, comprising 81% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

In the United States, salt imports increased at an average annual rate of +5.3% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by 5.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 10% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.5%).

Source: IndexBox Platform

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