Pakistan: Salt Market 2024

Salt Market Size in Pakistan

The Pakistani salt market fell remarkably to $X in 2022, reducing by -16.9% against the previous year. In general, consumption, however, showed prominent growth. Salt consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Salt Production in Pakistan

In value terms, salt production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 59% against the previous year. Salt production peaked at $X in 2021, and then fell markedly in the following year.

Salt Exports

Exports from Pakistan

In 2022, approx. X tons of salt and pure sodium chloride were exported from Pakistan; picking up by 10% on the previous year's figure. In general, total exports indicated a prominent increase 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, exports decreased by -5.5% against 2020 indices. The pace of growth was the most pronounced in 2015 when exports increased by 82%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, salt exports rose sharply to $X in 2022. Over the period under review, exports posted buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 61%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and the United Arab Emirates (X tons) were the main destinations of salt exports from Pakistan, with a combined 38% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +77.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for salt and pure sodium chloride exports from Pakistan, comprising 29% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.8% share of total exports. It was followed by China, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+20.3% per year) and China (+29.3% per year).

Export Prices by Country

In 2022, the average salt export price amounted to $X per ton, reducing by -4.5% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 62% against the previous year. The export price peaked at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Afghanistan ($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 Germany (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Pakistan

In 2022, after three years of decline, there was significant growth in overseas purchases of salt and pure sodium chloride, when their volume increased by 103% to X tons. Overall, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, salt imports soared to $X in 2022. Over the period under review, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Iran (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of salt imports to Pakistan, together comprising 60% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +56.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest salt suppliers to Pakistan were Germany ($X), Austria ($X) and Egypt ($X), with a combined 62% share of total imports.

Germany, with a CAGR of +57.8%, 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, which is down by -24.5% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 51% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Egypt ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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