Raw Salt Prices (Q1 2022)
When supply was limited and demand was high, prices rose, as they do with any commodity. Because of the environmental impact of salt damage, several states, such as Oregon, had elected not to utilise rock salt as a deicer for roads and highways. Consumption and expenses, meanwhile, continued to climb. In Alaska DOT price of rock salt was 145 USD/MT.
Raw Salt Prices Overview 2020
Although China's salt output has decreased by an average of 2% YoY since 2014, the nation has remained the world's largest producer of thee commodity since 2019 in comparison to other producing countries. Exports totaled 1.158 MMT in 2020, valued at USD 98,588 million, with South Korea and Japan as the major importers.
According to the United Nations COMTRADE database on international trade, the European Union imported USD 637.47k worth of salt, pure sodium chloride, and sea water from India in 2020. In 2020, virtually every country witnessed a reduction in its output; China was the exception, reporting a 1.7 % rise compared to 2019 statistics. In the EU nations, salt extraction dropped by approx. 16 %. In 2020, France was placed 12th with the share in export of 2.26 %.
In 2020, the country imported around 16 MMT of salt for consumption, a modest reduction from the 18.6 MMT imported the previous year. The output in the United States was at about 39 MMT. Since the 1940s, the use of rock salt for snow and ice melting has expanded considerably in the United States. Nonetheless, production is at an unexpected condition. Certain states, such as Oregon, have chosen not to utilize rock salt as a road and highway deicer due to the environmental impact of salt damage. Consumption and expenses, meanwhile, continue to climb.
Raw Salt Prices (Q1-Q3 2021)
China's salt output has decreased by an average of 2% year on year since 2014, yet the country has remained the world's top producer of the commodity since 2019. In 2021, India was likely to face a salt shortage due to high rains over the previous two years and the consequences of COVID-19, which significantly hampered salt output in Gujarat, the country's largest salt producing state. India is the world's third-largest producer of salt. However, due to the cumulative impacts of heavy rainfall over the past two years and the consequences of COVID-19, which severely hampered the output in Gujarat, a shortage of salt was anticipated in MY 21/22. Furthermore, because of the COVID-19 outbreak, manufacturing was halted, resulting in a 35 % decline in output in 2020 compared to 2019.
The coronavirus epidemic had little effect on salt extraction output, with manufacturing continuing despite government’s social distancing efforts. Chemical producers are the industry's second-largest market, accounting for around 30% of total sales in 2021-22. Chemical producers' demand, both organic and inorganic, fell in 2020-21 due to lower downstream demand. In 2021-22, demand from chemical producers was predicted to grow, minimizing revenue declines. As major downstream establishments such as those in the hospitality industry were closed for much of 2020-21, demand from food processors plummeted. By April 2021, lockdown. restrictions reduced, reducing income declines in the current year.
In the United States, the price of vacuum and open pan salt was projected to be 215 USD/MT whereas the price of solar salt was roughly 120 USD/MT during the same year. The US is the top importer of low sodium sea salt although this nation has tight and hefty import duties on various goods including low sodium sea salt. This restricted profit margins for significant firms in the nation, so they are relocating their manufacturing base to foreign countries.
Raw Salt Prices (Q4 2021)
Monthly Avg Price in the China Market for Inorganic Sea salt (crude salt) in November 2021, was quoted for 420 RMB/MT. This is up from the prior figure of 340 RMB/ton for October 2021. The retail pricing index for salt in India was around 120 in December 2021. This meant that the RPI for salt had risen by 20% since the base year of 2016.
Procurement Resource provides latest prices of Raw Salt. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Raw Salt for several regions around the globe, which are as follows:
About Raw Salt:
Raw Salt appears as a white crystalline solid. It is a type of sea salt generally containing high amount of sodium chloride, calcium minerals, iodine, and other mineral elements. It generally occurs in seas and underground deposits. It has numerous applications including its utilisation as a raw material in salt refineries to produce various end use products. The raw salt is refined to get pure salt and to enhance its storage and handling characteristics. This generally involves recrystallisation of brine solution upon its treatment with chemicals, thus, precipitating most impurities.
The industrial or commercial production of Raw Salt involves the process of evaporation of seawater, where the residue is extracted to obtain the desired product.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).