Spain: Salt Market 2024

Salt Market Size in Spain

The Spanish salt market expanded remarkably to $X in 2022, picking up by 14% against the previous year. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +59.2% against 2018 indices. Salt consumption peaked in 2022 and is expected to retain growth in the near future.

Salt Production in Spain

In value terms, salt production contracted to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +73.7% against 2015 indices. The pace of growth appeared the most rapid in 2014 with an increase of 36%. Over the period under review, production reached the peak level at $X in 2021, and then reduced in the following year.

Salt Exports

Exports from Spain

In 2022, approx. X tons of salt and pure sodium chloride were exported from Spain; which is down by -41.7% compared with the previous year's figure. Over the period under review, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 90%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, salt exports declined dramatically to $X in 2022. Overall, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 87%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

France (X tons), the UK (X tons) and Norway (X tons) were the main destinations of salt exports from Spain, with a combined 63% share of total exports. Portugal, the United States, Germany and Italy lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for salt exported from Spain were France ($X), the United States ($X) and Portugal ($X), together accounting for 36% of total exports.

The United States, with a CAGR of +27.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average salt export price stood at $X per ton in 2022, rising by 16% against the previous year. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 95% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Norway ($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 France (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Salt Imports

Imports into Spain

Salt imports into Spain stood at X tons in 2022, increasing by 13% against 2021 figures. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +8.7% 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 -13.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 52%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, salt imports declined modestly to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 -4.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of salt imports to Spain, together comprising 57% of total imports. Portugal, Pakistan, the UK and Denmark lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +40.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the UK ($X) were the largest salt suppliers to Spain, together comprising 44% of total imports. France, Pakistan, Portugal and Denmark lagged somewhat behind, together accounting for a further 19%.

Pakistan, with a CAGR of +26.8%, recorded the highest rates of growth with regard to the value of imports, among 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, reducing by -13.8% against the previous year. Over the period under review, the import price showed a pronounced reduction. The growth pace was the most rapid in 2021 an increase of 27%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 the UK ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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