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Report World - Salt - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Salt Market 2024

Salt Market Size

The global salt market shrank modestly to $X in 2022, with a decrease of -2.7% against the previous year. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the market value increased by 9.1% against the previous year. Global consumption peaked at $X in 2021, and then shrank slightly in the following year.

Salt Production

In value terms, salt production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 11%. As a result, production reached the peak level of $X, and then declined in the following year.

Salt Exports

Exports

In 2022, approx. X tons of salt and pure sodium chloride were exported worldwide; picking up by 7.8% on the previous year. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 19%. The global exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, salt exports reduced to $X in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 19%. Over the period under review, the global exports hit record highs at $X in 2021, and then declined modestly in the following year.

Exports by Country

In 2022, India (X tons), distantly followed by Chile (X tons), Canada (X tons), the Netherlands (X tons) and Germany (X tons) were the largest exporters of salt and pure sodium chloride, together mixing up 64% of total exports. Brazil (X tons), Egypt (X tons), Tunisia (X tons), Belarus (X tons), China (X tons), the United States (X tons), Australia (X tons) and Spain (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +60.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and India ($X) were the countries with the highest levels of exports in 2022, together comprising 32% of global exports. The United States, Canada, Chile, Spain, China, Belarus, Brazil, Egypt, Tunisia and Australia lagged somewhat behind, together accounting for a further 33%.

In terms of the main exporting countries, Brazil, with a CAGR of +32.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average salt export price stood at $X per ton in 2022, which is down by -9.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 20% against the previous year. The global export price peaked at $X per ton in 2021, and then dropped in the following year.

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 ($X per ton), while Tunisia ($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 (+10.2%), while the other global leaders experienced more modest paces of growth.

Salt Imports

Imports

In 2022, purchases abroad of salt and pure sodium chloride increased by 2.5% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 13%. Global imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, salt imports soared to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importer of salt and pure sodium chloride in the world, with the volume of imports finishing at X tons, which was near 28% of total imports in 2022. Japan (X tons) ranks second in terms of the total imports with a 10% share, followed by Canada (4.7%) and Indonesia (4.6%). The following importers - South Korea (X tons), Brazil (X tons), Germany (X tons), Belgium (X tons), Russia (X tons), Qatar (X tons) and the UK (X tons) - together made up 20% of total imports.

Imports into the United States increased at an average annual rate of +5.7% from 2012 to 2022. At the same time, the UK (+10.0%), Qatar (+8.3%), Brazil (+6.2%), Canada (+5.4%), Belgium (+3.0%) and Indonesia (+2.4%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of +10.0% from 2012-2022. By contrast, South Korea (-1.3%), Japan (-1.5%), Germany (-1.6%) and Russia (-3.1%) illustrated a downward trend over the same period. The United States (+8.3 p.p.) significantly strengthened its position in terms of the global imports, while Russia, South Korea and Japan saw its share reduced by -1.6%, -1.7% and -4.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt importing markets worldwide were the United States ($X), Japan ($X) and Germany ($X), together accounting for 26% of global imports. South Korea, Belgium, Canada, Indonesia, the UK, Brazil, Russia and Qatar lagged somewhat behind, together comprising a further 20%.

Brazil, with a CAGR of +14.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average salt import price stood at $X per ton in 2022, jumping by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 48% share of global consumption.
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%.
In value terms, the largest salt supplying countries worldwide were the Netherlands, Germany and Canada, together comprising 27% of global exports. Spain, Mexico, the United States, India, China, Chile, Belarus, Tunisia and Egypt lagged somewhat behind, together comprising a further 38%.
In value terms, the United States constitutes the largest market for imported salt and pure sodium chloride worldwide, comprising 17% of global imports. The second position in the ranking was occupied by Japan, with a 7.9% share of global imports. It was followed by China, with a 7% share.
In 2021, the average salt export price amounted to $54 per ton, picking up by 4.1% against the previous year.
In 2021, the average salt import price amounted to $69 per ton, rising by 6.7% against the previous year.

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Proinsal, Celusal, Lake MacDonnell, Cheetham Salt, Dampier Salt, WA Salt Supply, Onslow Salt, Salinen Austria, JSC "Mozyrsalt", Solvay, European Salt Company, Solana Tuzla, Cimsal, Novosal, Norsal, Refinaria Nacional de Sal, Salina Diamante Branco, General Chemical, Sifto Canada, Windsor Salt, Kayway Industries, Salinas de Punta de Lobos, China National Salt, Shandong Ocean Chemical, IFI Concesion de Salinas, Prodesal, Brinsa, Dansk Salt, Egypt Salines, La Baleine, Solvay, Saddam Minerals, Wacker Chemie, British Salt, Irish Salt Mining & Exploration, Century Chemicals, Dev Salt, Israel Salt Industries, Salrom

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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