Salt Market in Brazil
Market Overview
The Brazilian salt market shrank slightly to $
in , approximately reflecting 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, the total consumption indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.
In value terms, salt production declined to $ in estimated in export price. In general, the total production indicated a noticeable expansion 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 most prominent rate of growth was recorded in 2012 when the production volume increased by %. As a result, production reached the peak level of $. From 2013 to , production growth remained at a lower figure.
in , approximately reflecting 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, the total consumption indicated a buoyant expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market failed to regain momentum.In value terms, salt production declined to $
in estimated in export price. In general, the total production indicated a noticeable expansion 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 most prominent rate of growth was recorded in 2012 when the production volume increased by %. As a result, production reached the peak level of $. From 2013 to , production growth remained at a lower figure.Consumption
In , the amount of salt and pure sodium chloride consumed in Brazil totaled tons, picking up by % on the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Salt consumption peaked at tons in 2012; however, from 2013 to , consumption failed to regain momentum.
The size of the salt market in Brazil shrank slightly to $ in , leveling off at 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, the total consumption indicated a strong increase 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, consumption increased by +% against indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a lower figure.
, the amount of salt and pure sodium chloride consumed in Brazil totaled tons, picking up by % on the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Salt consumption peaked at tons in 2012; however, from 2013 to , consumption failed to regain momentum.The size of the salt market in Brazil shrank slightly to $
in , leveling off at 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, the total consumption indicated a strong increase 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, consumption increased by +% against indices. As a result, consumption attained the peak level of $. From 2013 to , the growth of the market remained at a lower figure.Market Forecast
Driven by increasing demand for salt and pure sodium chloride in Brazil, 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
Driven by a growing demand, the share of imports in total supply in Brazil increased significantly over the last fifteen years (from % to %). Total import supply of salt is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of salt is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Brazil 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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