Salt: Compass Minerals announces 3% year-on-year rise in Q4 sales following severe North American winter

De-icing salt

Compass Minerals has reported that its Q4 2019 sales across all salt products totalled 3.27Mt (3.6Msht.t) compared to 3.18Mt (3.5Msht.t) in the same period of 2018. Much of the growth was in de-icing salt, of which some 2.63Mt (2.9Msht.t) was sold compared to 2.54Mt (2.8Msht.t) in the same period of 2018. This total included all highway maintenance products sold in the USA, Canada and the UK, as well as rock salt sold to the chemical industry.

Compass reported a 4% increase in highway de-icing salt sales volumes as increased demand in North America was partially offset by warm weather in the UK. Q4 winter weather in North America was above average in severity, mainly driven by strong snow activity in November. Eleven representative cities in the company’s primary North American highway de-icing service area reported 49 snow events during Q4 2019 compared to 45 in Q4 2018 and the 10-year average of 41.8.

Roskill View

North American consumption of de-icing salt during 2019 may have exceeded the 24Mt consumed in 2018, itself close to the record of 24.5Mt in 2014. US salt imports, most of which are used in de-icing, reached 17.9Mt in 2018 and are projected to rise to 18.4Mt in 2019 as a consequence of the severe 2019/20 winter weather.

Roskill’s new Salt: Global Industry, Markets & Outlook report was published in late November 2019. Click here to download the brochure or sample pages or access further information.

The North American de-icing salt market will be discussed in detail at Roskill’s upcoming SALT 2020 conference in Toronto in May 2020. Contact us for more information.

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This article was written by David McNeill. Please get in touch below if you wish to discuss further:

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