Salt Market in Japan
Market Overview
The Japanese salt market contracted 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). In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.
In value terms, salt production reduced slightly to $ in estimated in export price. In general, the total production indicated buoyant growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The pace of growth was the most pronounced in 2009 with an increase of %. Over the period under review, production reached the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
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). In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.In value terms, salt production reduced slightly to $
in estimated in export price. In general, the total production indicated buoyant growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The pace of growth was the most pronounced in 2009 with an increase of %. Over the period under review, production reached the maximum level at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , the amount of salt and pure sodium chloride consumed in Japan reduced to tons, which is down by -% against the year before. In general, consumption showed a slight contraction. The most prominent rate of growth was recorded in when the consumption volume increased by % against the previous year. Salt consumption peaked at tons in 2008; however, from 2009 to , consumption failed to regain momentum.
The value of the salt market in Japan declined to $ in , which is down 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). Overall, consumption recorded a relatively flat trend pattern. Salt consumption peaked at $ in 2010; however, from 2011 to , consumption remained at a lower figure.
, the amount of salt and pure sodium chloride consumed in Japan reduced to tons, which is down by -% against the year before. In general, consumption showed a slight contraction. The most prominent rate of growth was recorded in when the consumption volume increased by % against the previous year. Salt consumption peaked at tons in 2008; however, from 2009 to , consumption failed to regain momentum.The value of the salt market in Japan declined to $
in , which is down 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). Overall, consumption recorded a relatively flat trend pattern. Salt consumption peaked at $ in 2010; however, from 2011 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for salt in Japan, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Salt market in Japan consists almost entirely of imported products. The growth in the share of Japan imports of in the salt market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Japan remains a net importer of salt; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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