World Salt Market

• Publication date: March 2012

World demand to rise 2.9% annually through 2015 Global demand for salt is projected to climb 2.9 percent annually through 2015 to 327 million metric tons, valued at $13.6 billion. Increased salt consumption in most parts of the world will more than offset expected contractions of demand in Western Europe and Japan. Growth in chemical manufacturing output will fuel the majority of additional demand between 2010 and 2015, largely due...

World demand to rise 2.9% annually through 2015

Global demand for salt is projected to climb 2.9 percent annually through 2015 to 327 million metric tons, valued at $13.6 billion. Increased salt consumption in most parts of the world will more than offset expected contractions of demand in Western Europe and Japan. Growth in chemical manufacturing output will fuel the majority of additional demand between 2010 and 2015, largely due to the continued rapid expansion of chemical production in China. Salt suppliers will also benefit from the shale gas drilling boom currently underway in North America, which will boost chloralkali output in the US and Canada after an extended period of weakness.

China, India to remain key salt markets

In 2010, China was the largest consumer of salt, primarily because of the huge size of its chemical industry, although food processing and livestock salt use is also substantial due to the nation’s 1.3 billion residents. China accounted for one-fourth of salt demand worldwide in 2010 and is projected to be the fastest growing national market through 2015. India’s salt consumption is also forecast to grow well above the world average. Chemical output by facilities in India is forecast to rise faster than in any other major producing country through 2015, leading to sizable increases in associated salt demand. As in China, growth in the size of India’s population will also contribute to overall salt market gains.

Chemical manufacturing is largest market for salt

Chemical manufacturing is by far the largest market for salt, accounting for 55 percent of all demand in 2010. The vast majority of demand in this market is generated by chloralkali and synthetic soda ash producers, which use salt as their primary feedstock. The Asia/Pacific region accounts for over one-half of the salt consumed by the chemical industry. Western Europe and North America also have sizable chemical industries, and in 2010 they accounted for 18 percent and 15 percent, respectively, of global chemical manufacturing salt use.

Salt production to grow fastest in developing regions

Solar evaporation is the most popular method of producing salt, accounting for 38 percent of 2010 industry shipments. It is the most economical method of producing salt in areas with favorable weather conditions, including a number of nations in the Africa/Mideast, Asia/ Pacific, and Central and South America regions. Salt production is forecast to grow fastest in the Asia/Pacific and Africa/Mideast regions, and as a result solar evaporation will account for an increasing share of global salt output through 2015. Rock salt and brine production will also post moderate increases through 2015. However, their respective rates of growth will lag solar evaporation, and these types of salt production will comprise decreasing shares of world output.

Study coverage

Details on these and other key findings are contained in the upcoming industry study, World Salt. It presents historical demand data (2000, 2005, 2010) plus forecasts for 2015 and 2020 by salt market, production method, world region and for 20 major countries. The study also assesses market environment factors, evaluates company market share and profiles industry players worldwide, such as Akzo Nobel, Cargill, China National Salt Industry, Compass Minerals, K+S and Morton International.

Global Condiment, Sauce, Oil And Spice Industry

TABLE OF CONTENTS

INTRODUCTION x

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 4
Recent Historical Trends 5
World Economic Outlook 6
World Demographic Outlook 10
Personal Income Outlook 12
World Manufacturing Outlook 14
Chemical Manufacturing Outlook 16
Food Manufacturing Outlook 18
World Paved Road Outlook 20
World Mining Output Outlook 22
Climatic Factors 24
World Livestock Outlook 25
Pricing Trends 27
Legal & Regulatory Environment 30

III. OVERVIEW 32

General 32
Demand by Region 33
Demand by Market 37
Chemical Manufacturing 38
Road Deicing 42
Food Processing 45
Livestock 48
Other 50
Production by Region 54
Production by Method 56
Solar Evaporation 58
Rock Salt 60
Brine 62
Vacuum Pan & Other 63
International Trade 65

IV. NORTH AMERICA 67

General 67
Salt Supply & Demand 68
Salt Outlook & Suppliers 71
United States 72
Canada 77
Mexico 82

V. WESTERN EUROPE 87

General 87
Salt Supply & Demand 88
Salt Outlook & Suppliers 91
Germany 92
France 97
United Kingdom 101
Spain 105
Italy 109
The Netherlands 114
Other Western Europe 117

VI. ASIA/PACIFIC 123

General 123
Salt Supply & Demand 124
Salt Outlook & Suppliers 127
China 128
India 134
Japan 139
South Korea 142
Australia 146
Other Asia/Pacific 150

VII. OTHER REGIONS 155

Central & South America 155
Salt Supply & Demand 156
Salt Outlook & Suppliers 158
Brazil 159
Chile 163
Other Central & South America 167
Eastern Europe 172
Salt Supply & Demand 173
Salt Outlook & Suppliers 175
Russia 176
Poland 180
Ukraine 184
Other Eastern Europe 188
Africa/Mideast 192
Salt Supply & Demand 194
Salt Outlook & Suppliers 196
Turkey 198
Other Africa/Mideast 201

VIII. INDUSTRY STRUCTURE 206

General 206
Industry Composition 207
Market Share 209
Marketing & Distribution 213
Cooperative Agreements 216
Mergers & Acquisitions 220
Company Profiles 222
Agrosal, see Suedwestdeutsche Salzwerke
Akzo Nobel NV 223
Artyomsol, see State Enterprise Association Artyomsol
Atisale SpA 227
British Salt, see Tata Group
Cargill Incorporated 229
Cheetham Salt, see Ridley
China National Salt Industry Corporation 233
Compagnia Italiana Sali, see Compagnie des Salins du
Midi et des Salines de l’Est
Compagnie des Salins du Midi et des Salines de l’Est SA 234
Compagnie Generale des Salines de Tunisie, see
Compagnie des Salins du Midi et des Salines de l’Est
Compass Minerals International Incorporated 236
Dampier Salt, see Rio Tinto Group
Dev Salt Private Limited 240
Dominion Salt, see Ridley
Dow Chemical Company 241
esco - European Salt, see K+S
ESSA, see Exportadora de Sal
Exportadora de Sal SA de CV 242
Henrique Lage Salineira do Nordeste SA 244
Hubei Shuanghuan Science and Technology Stock Company
Limited 245
INEOS Group Limited 246
Irish Salt Mining & Exploration Company Limited 248
Italkali Società Italiana Sali Alcalini SpA 249
JSC Urakali 251
K+S AG 252
Kopalnia Soli Klodawa Spolka Akcyjna 259
Mitsui & Company Limited 261
Morton Salt, see K+S
North America Salt, see Compass Minerals International
Onslow Salt, see Mitsui
Pakistan Mineral Development Corporation 263
Proasal Salinera de Andalucia SL 264
Ridley Corporation Limited 265
Rio Tinto Group 268
Russalt Limited 270
Salina Salt Company 271
Salinen Austria AG 272
Salins, see Compagnie des Salins du Midi et des Salines
de l’Est
Salt Union, see Compass Minerals International
Shark Bay Salt, see Mitsui
Sociedad Punta de Lobos, see K+S
Solana Tuzla Incorporated 274
Solné Mlýny, see K+S
Solvay SA 275
State Enterprise Association Artyomsol 276
Süedsalz, see Suedwestdeutsche Salzwerke
Suedwestdeutsche Salzwerke AG 278
Tata Group 281
Texas Brine, see United Salt
United Salt Corporation 283
Wacker-Chemie AG 285

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 10
2 World Population by Region 12
3 World Per Capita Gross Domestic Product by Region 14
4 World Manufacturing Value Added by Region 16
5 World Chemical Manufacturing Value Added by Region 18
6 World Food & Beverage Manufacturing Value Added
by Region 20
7 World Paved Roads by Region 22
8 World Mining Output by Type & Region 24
9 World Livestock Population by Region 27
10 Average World Salt Prices by Region & Market 29

SECTION III -- OVERVIEW

1 World Salt Demand by Region 34
2 World Salt Demand by Market 37
3 World Chemical Manufacturing Market for Salt by Region 41
4 World Road Deicing Market for Salt by Region 45
5 World Food Processing Market for Salt by Region 48
6 World Livestock Market for Salt by Region 50
7 World Other Markets for Salt by Region 53
8 World Salt Shipments by Region 55
9 World Salt Shipments by Production Method 57
10 World Solar Evaporation Salt Shipments by Region 60
11 World Rock Salt Shipments by Region 61
12 World Brine Shipments by Region 63
13 World Vacuum Pan & Other Shipments by Region 65
14 World Salt Net Exports by Region 66

SECTION IV -- NORTH AMERICA

1 North America: Salt Supply & Demand 70
2 North America: Salt Demand by Market 72
3 United States: Salt Supply & Demand 75
4 United States: Salt Demand by Market 77
5 Canada: Salt Supply & Demand 80
6 Canada: Salt Demand by Market 81
7 Mexico: Salt Supply & Demand 84
8 Mexico: Salt Demand by Market 86

SECTION V -- WESTERN EUROPE

1 Western Europe: Salt Supply & Demand 90
2 Western Europe: Salt Demand by Market 92
3 Germany: Salt Supply & Demand 95
4 Germany: Salt Demand by Market 97
5 France: Salt Supply & Demand 100
6 France: Salt Demand by Market 101
7 United Kingdom: Salt Supply & Demand 104
8 United Kingdom: Salt Demand by Market 105
9 Spain: Salt Supply & Demand 108
10 Spain: Salt Demand by Market 109
11 Italy: Salt Supply & Demand 112
12 Italy: Salt Demand by Market 113
13 The Netherlands: Salt Supply & Demand 116
14 The Netherlands: Salt Demand by Market 117
15 Other Western Europe: Salt Supply & Demand 120
16 Other Western Europe: Salt Demand by Market 121
17 Other Western Europe: Salt Demand by Country 122

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Salt Supply & Demand 126
2 Asia/Pacific: Salt Demand by Market 128
3 China: Salt Supply & Demand 132
4 China: Salt Demand by Market 134
5 India: Salt Supply & Demand 137
6 India: Salt Demand by Market 138
7 Japan: Salt Supply & Demand 141
8 Japan: Salt Demand by Market 142
9 South Korea: Salt Supply & Demand 145
10 South Korea: Salt Demand by Market 146
11 Australia: Salt Supply & Demand 148
12 Australia: Salt Demand by Market 150
13 Other Asia/Pacific: Salt Supply & Demand 153
14 Other Asia/Pacific: Salt Demand by Market 154

SECTION VII -- OTHER REGIONS

1 Central & South America: Salt Supply & Demand 157
2 Central & South America: Demand by Market 159
3 Brazil: Salt Supply & Demand 162
4 Brazil: Salt Demand by Market 163
5 Chile: Salt Supply & Demand 166
6 Chile: Salt Demand by Market 167
7 Other Central & South America: Salt Supply & Demand 170
8 Other Central & South America: Salt Demand by Market 171
9 Eastern Europe: Salt Supply & Demand 174
10 Eastern Europe: Salt Demand by Market 176
11 Russia: Salt Supply & Demand 179
12 Russia: Salt Demand by Market 180
13 Poland: Salt Supply & Demand 183
14 Poland: Salt Demand by Market 184
15 Ukraine: Salt Supply & Demand 187
16 Ukraine: Salt Demand by Market 188
17 Other Eastern Europe: Salt Supply & Demand 191
18 Other Eastern Europe: Salt Demand by Market 192
19 Africa/Mideast: Salt Supply & Demand 196
20 Africa/Mideast: Salt Demand by Market 197
21 Turkey: Salt Supply & Demand 200
22 Turkey: Salt Demand by Market 201
23 Other Africa/Mideast: Salt Supply & Demand 204
24 Other Africa/Mideast: Salt Demand by Market 205

SECTION VIII -- INDUSTRY STRUCTURE

1 Salt Sales for Selected Companies, 2010 209
2 Selected Cooperative Agreements 219
3 Selected Acquisitions & Divestitures 222

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 World Salt Price Changes by Market, 2000-2020 30
SECTION III -- OVERVIEW
1 World Salt Demand by Region, 2010 35
2 Change in Salt Demand by Region, 2010 Versus 2015 35
3 World Salt Demand Projected 2010-2015 Annual Rate
of Growth 36
4 World Salt Demand by Market, 2010 38
5 World Chemical Manufacturing Market for Salt
by Region, 2010 42
6 World Salt Shipments by Region, 2000-2020 56
7 World Salt Shipments by Production Method, 2010 58
SECTION IV -- NORTH AMERICA
1 North America: Salt Demand by Country, 2010 71
SECTION V -- WESTERN EUROPE
1 Western Europe Salt Demand by Country, 2010 91
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific Salt Demand by Country, 2010 127
SECTION VII -- OTHER REGIONS
1 Central & South America Salt Demand by Country, 2010 158
2 Eastern Europe Salt Demand by Country, 2010 175
SECTION VIII -- INDUSTRY STRUCTURE
1 World Salt Market Share, 2010 210

Condiment, Sauce, Oil and Spice in World

Global Cocoa Consumption, Mn Tonnes

• $ 250
• Industry data
• January 2013

Yearly, From 1999 To 2014
By Business Monitor International
Source: BMI/USDA

• Industries : Condiment, Sauce, Oil and Spice
• Countries : World

Global Cocoa Stocks-to-use, %

• $ 250
• Industry data
• January 2013

Yearly, From 1999 To 2014
By Business Monitor International
Source: BMI/USDA

• Industries : Condiment, Sauce, Oil and Spice
• Countries : World

Global Cocoa Stocks-to-use, Wks

• $ 250
• Industry data
• January 2013

Yearly, From 1999 To 2014
By Business Monitor International
Source: BMI/USDA

• Industries : Condiment, Sauce, Oil and Spice
• Countries : World

Global Palm Oil, Myr/tonne

• $ 250
• Industry data
• January 2013

Yearly, From 2005 To 2014
By Business Monitor International
Source: BMI/Bloomberg

• Industries : Condiment, Sauce, Oil and Spice
• Countries : World

Global Cocoa Price, Gbp/tonne, Ave

• $ 250
• Industry data
• January 2013

Yearly, From 1999 To 2014
By Business Monitor International
Source: BMI/Bloomberg

• Industries : Condiment, Sauce, Oil and Spice
• Countries : World