SADC: Salt Market 2024

Salt Market Size in SADC

After two years of growth, the SADC salt market decreased by X% to $X in 2023. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2022, and then shrank in the following year.

Salt Production in SADC

In value terms, salt production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Salt Exports

Exports in SADC

After two years of decline, overseas shipments of salt and pure sodium chloride increased by X% to X tons in 2023. Overall, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, salt exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a mild slump. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Namibia (X tons) and Botswana (X tons) prevails in exports structure, together creating X% of total exports. It was distantly followed by South Africa (X tons), comprising a X% share of total exports. The following exporters - Tanzania (X tons) and Madagascar (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest salt supplying countries in SADC were Namibia ($X), Botswana ($X) and South Africa ($X), together comprising X% of total exports. Tanzania and Madagascar lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Madagascar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the export price figures.

Salt Imports

Imports in SADC

In 2023, imports of salt and pure sodium chloride in SADC contracted to X tons, with a decrease of X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2023.

In value terms, salt imports declined to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, South Africa (X tons) was the key importer of salt and pure sodium chloride, generating X% of total imports. Zambia (X tons) took the second position in the ranking, followed by Zimbabwe (X tons), Tanzania (X tons), Democratic Republic of the Congo (X tons) and Malawi (X tons). All these countries together held approx. X% share of total imports. Seychelles (X tons) followed a long way behind the leaders.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of salt and pure sodium chloride. At the same time, Zambia (X%), Tanzania (X%), Malawi (X%), Seychelles (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Democratic Republic of the Congo experienced a relatively flat trend pattern. From 2012 to 2023, the share of Zambia, Tanzania and Malawi increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest salt importing markets in SADC were South Africa ($X), Zimbabwe ($X) and Malawi ($X), together accounting for X% of total imports.

In terms of the main importing countries, Zimbabwe, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, remaining stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Malawi ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Zimbabwe (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform