Salt Market Overview in Asia
In value terms, salt production totaled $ in 2018 estimated in export prices. The total output indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, salt production increased by +% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Over the period under review, salt production reached its peak figure level in 2018 and is likely to see steady growth in the near future.
The country with the largest volume of salt production was China ( tonnes), 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 2007-2018. In the other countries, the average annual rates were as follows: India (+% per year) and Turkey (+% per year).
The revenue of the salt market in Asia amounted to $ in 2018, 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 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the market value increased by % against the previous year. The level of salt consumption peaked in 2018 and is expected to retain its growth in the near future.
From 2007 to 2018, the average annual growth rate of volume in China stood at +%. In the other countries, the average annual rates were as follows: India (+% per year) and South Korea (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by India ($). It was followed by Pakistan.
In China, the salt market increased at an average annual rate of +% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of market growth: India (+% per year) and Pakistan (+% per year).
The countries with the highest levels of salt per capita consumption in 2018 were South Korea ( kg per person), Turkey ( kg per person) and Saudi Arabia ( kg per person).
From 2007 to 2018, the most notable rate of growth in terms of salt per capita consumption, amongst the main consuming countries, was attained by Thailand, while salt per capita consumption for the other leaders experienced more modest paces of growth.