Salt Market in Mexico
Market Overview
The Mexican salt market expanded sharply to $
in , picking up 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). Over the period under review, consumption continues to indicate a prominent expansion. Salt consumption peaked in and is expected to retain growth in years to come.
In value terms, salt production stood at $ in estimated in export price. 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 in certain years. The pace of growth appeared the most rapid in 2008 when the production volume increased by %. Over the period under review, production hit record highs at $ in ; however, from to , production failed to regain momentum.
in , picking up 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). Over the period under review, consumption continues to indicate a prominent expansion. Salt consumption peaked in and is expected to retain growth in years to come.In value terms, salt production stood at $
in estimated in export price. 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 in certain years. The pace of growth appeared the most rapid in 2008 when the production volume increased by %. Over the period under review, production hit record highs at $ in ; however, from to , production failed to regain momentum.Consumption
In , consumption of salt and pure sodium chloride in Mexico totaled tons, growing by % compared with the year before. In general, consumption showed a strong increase. Salt consumption peaked in and is likely to see gradual growth in years to come.
The value of the salt market in Mexico expanded remarkably to $ in , with an increase of % 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 enjoyed a strong expansion. Salt consumption peaked in and is expected to retain growth in years to come.
, consumption of salt and pure sodium chloride in Mexico totaled tons, growing by % compared with the year before. In general, consumption showed a strong increase. Salt consumption peaked in and is likely to see gradual growth in years to come.The value of the salt market in Mexico expanded remarkably to $
in , with an increase of % 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 enjoyed a strong expansion. Salt consumption peaked in and is expected to retain growth in years to come.Market Forecast
Driven by increasing demand for salt and pure sodium chloride in Mexico, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Over the period under review, the share of imports in terms of total salt consumption in Mexico was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Mexico salt market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% figure. In value terms the share of imports also stood at a low figure, which means that the Mexico salt market is largely supplied by domestic manufacturers. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Mexico remains a net exporter of salt; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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