Italy: Salt Market 2024

Salt Market Size in Italy

In 2022, after two years of growth, there was significant decline in the Italian salt market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Salt consumption peaked at $X in 2021, and then plummeted in the following year.

Salt Production in Italy

In value terms, salt production totaled less than $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with a decrease of X% against the previous year. Salt production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Salt Exports

Exports from Italy

In 2022, after two years of decline, there was significant growth in shipments abroad of salt and pure sodium chloride, when their volume increased by X% to X tons. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, salt exports contracted to $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for salt exports from Italy, with a X% share of total exports. Moreover, salt exports to the United States exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for salt and pure sodium chloride exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The average salt export price stood at $X per ton in 2022, falling by X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2021, and then contracted notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Italy

In 2022, imports of salt and pure sodium chloride into Italy totaled X tons, picking up by X% compared with 2021. Overall, imports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, salt imports reached $X in 2022. In general, imports, however, continue to indicate a mild shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest salt supplier to Italy, with a X% share of total imports. Moreover, salt imports from Tunisia exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tunisia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Germany (X% per year).

In value terms, the largest salt suppliers to Italy were Austria ($X), Germany ($X) and Tunisia ($X), together accounting for X% of total imports. The Netherlands, France, Turkey, Egypt and Switzerland lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average salt import price amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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