Global Salt Market Overview
In value terms, salt production shrank to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the production volume increased by % year-to-year. Over the period under review, global production hit record highs at $ in 2014; however, from 2015 to , production failed to regain the momentum.
The countries with the highest volumes of salt production in were China ( tonnes), the U.S. ( tonnes) and India ( tonnes), together accounting for % of global production. These countries were followed by Germany, Australia, Chile, Canada, Mexico, Brazil, Turkey, France, the UK and the Netherlands, which together accounted for a further %.
From 2007 to , the most notable rate of growth in terms of salt production, amongst the key producing countries, was attained by Turkey, while salt production for the other global leaders experienced more modest paces of growth.
The global salt market revenue shrank modestly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2010 with an increase of % y-o-y. Global consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
From 2007 to , the biggest increases were in Turkey, while salt consumption for the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($), China ($) and Australia ($) were the countries with the highest levels of market value in , with a combined % share of the global market. France, the UK, Germany, India, Turkey, Japan, Canada and Brazil lagged somewhat behind, together comprising a further %.
Brazil recorded the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while salt market for the other global leaders experienced more modest paces of growth.
In , the highest levels of salt per capita consumption was registered in Australia ( kg per person), followed by Canada ( kg per person), the U.S. ( kg per person) and Germany ( kg per person), while the world average per capita consumption of salt was estimated at kg per person.
In Australia, salt per capita consumption remained relatively stable over the period from 2007-. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (-% per year) and the U.S. (-% per year).