Salt Market Overview in Asia
Market Overview
In 2019, the Asian salt market increased by 
% to $, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. The level of consumption peaked in 2019 and is likely to see gradual growth in years to come.
In value terms, salt production contracted to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to 2019, production remained at a lower figure.
China ( tonnes) remains the largest salt producing country in Asia, comprising approx. % of total volume. Moreover, salt production in China exceeded the figures recorded by the second-largest producer, India ( tonnes), twofold. The third position in this ranking was occupied by Turkey ( tonnes), with a % share.
In China, salt production remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+% per year) and Turkey (+% per year).
% to $, rising for the fourth year in a row after three years of decline. The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. The level of consumption peaked in 2019 and is likely to see gradual growth in years to come.In value terms, salt production contracted to $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2012; however, from 2013 to 2019, production remained at a lower figure.China (
tonnes) remains the largest salt producing country in Asia, comprising approx. % of total volume. Moreover, salt production in China exceeded the figures recorded by the second-largest producer, India ( tonnes), twofold. The third position in this ranking was occupied by Turkey ( tonnes), with a % share.In China, salt production remained relatively stable over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+
% per year) and Turkey (+% per year).Consumption
In 2019, consumption of salt and pure sodium chloride increased by % to tonnes, rising for the fourth consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of % year-to-year. As a result, consumption attained the peak volume of tonnes. From 2014 to 2019, the growth of the consumption remained at a somewhat lower figure.
The value of the salt market in Asia expanded rapidly to $ in 2019, increasing 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 +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Over the period under review, the market attained the peak level in 2019 and is likely to see gradual growth in the immediate term.
% to tonnes, rising for the fourth consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of % year-to-year. As a result, consumption attained the peak volume of tonnes. From 2014 to 2019, the growth of the consumption remained at a somewhat lower figure.The value of the salt market in Asia expanded rapidly to $
in 2019, increasing 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 +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of % against the previous year. Over the period under review, the market attained the peak level in 2019 and is likely to see gradual growth in the immediate term.Consumption By Country
The country with the largest volume of salt consumption was China ( tonnes), comprising approx. % of total volume. Moreover, salt consumption in China exceeded the figures recorded by the second-largest consumer, India ( tonnes), fourfold. The third position in this ranking was occupied by Turkey ( tonnes), with a % share.
In China, salt consumption increased at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+% per year) and Turkey (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by India ($). It was followed by the Philippines.
From 2007 to 2019, the average annual rate of growth in terms of value in China amounted to +%. The remaining consuming countries recorded the following average annual rates of market growth: India (+% per year) and the Philippines (+% per year).
The countries with the highest levels of salt per capita consumption in 2019 were Turkey ( kg per person), Saudi Arabia ( kg per person) and South Korea ( kg per person).
From 2007 to 2019, the most notable rate of growth in terms of salt per capita consumption, amongst the leading consuming countries, was attained by Thailand, while salt per capita consumption for the other leaders experienced more modest paces of growth.
tonnes), comprising approx. % of total volume. Moreover, salt consumption in China exceeded the figures recorded by the second-largest consumer, India ( tonnes), fourfold. The third position in this ranking was occupied by Turkey ( tonnes), with a % share.In China, salt consumption increased at an average annual rate of +
% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+% per year) and Turkey (+% per year).In value terms, China ($
) led the market, alone. The second position in the ranking was occupied by India ($). It was followed by the Philippines.From 2007 to 2019, the average annual rate of growth in terms of value in China amounted to +
%. The remaining consuming countries recorded the following average annual rates of market growth: India (+% per year) and the Philippines (+% per year).The countries with the highest levels of salt per capita consumption in 2019 were Turkey (
kg per person), Saudi Arabia ( kg per person) and South Korea ( kg per person).From 2007 to 2019, the most notable rate of growth in terms of salt per capita consumption, amongst the leading consuming countries, was attained by Thailand, while salt per capita consumption for the other leaders experienced more modest paces of growth.
Market Forecast
Driven by increasing demand for salt in Asia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
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