The share of imported salt in the Russian market increased to 33.6%

Salt

Russia

Market & Price Trends

Published Feb 1, 2024

Tridge summary

The Rusprodsoyuz association reports that the proportion of imported salt in the Russian market rose from 31.1% to 33.6% by the end of 2023. The main suppliers are Belarus and Kazakhstan, with contributions from Turkey, Azerbaijan, and Iran. The rise in imports is attributed to issues with domestic product shipment and retail policy, with retailers favoring foreign or repacked imported salt. However, the association maintains that domestic salt producers have the capacity to fulfill local demand and boost exports.

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Original content

The share of imported salt in the Russian market at the end of 2023 increased from 31.1% to 33.6%. The Rusprodsoyuz association told TASS about this. “The share of imported salt in the Russian market at the end of 2023 increased from 31.1% to 33.6%,” the report says. According to the association, currently countries such as Kazakhstan, Turkey, Belarus, Azerbaijan and Iran supply salt to Russia. At the same time, the main suppliers for various types of salt are Belarus and Kazakhstan. The association notes that the growth in imports is associated with difficulties with the supply of wagons for shipment of domestic products and the retail policy. “The delivery time for empty cars from the moment of delivery to factories increased from 3-5 days to 15-17 days, which in some periods of 2023 caused a decrease in the volume of shipments of finished products by almost half,” said Dmitry Leonov, deputy chairman of the association’s board. The second factor influencing the growth of ...

Source: Kvedomosti