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World - Iodine - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Iodine - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Mar 23, 2022

Global Iodine Production Gains 5% with Boosting Outputs in Chile and Japan

IndexBox has just published a new report: 'World - Iodine - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2021, global iodine production grew by 5% to 35K tons, recovering from the 2020's crisis. The leading iodine producers, namely Chile and Japan, saw the most prominent increases in outputs compared to other countries. 

Iodine Production

Global iodine output expanded to 35K tons in 2021, picking up by 5% on 2020 figures. In value terms, production declined to $942M in 2021 estimated in export prices.

The country with the largest volume of iodine production was Chile (22K tons), comprising approx. 63% of total volume. Moreover, iodine production in Chile exceeded the figures recorded by the second-largest producer, Japan (9K tons), twofold. The U.S. (1.1K tons), with a 3.3% share, took the third position in the ranking. 

Chile's iodine production increased by +8.9% compared to the last year. Japan boosted iodine output by +1.4%, while production in the U.S. insignificantly dropped.

Iodine Market Forecast 2021-2025

Driven by increasing demand for iodine worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.6% for the period from 2021 to 2030, which is projected to bring the market volume to 38K tons by the end of 2030.

Iodine Exports

In 2021, overseas shipments of iodine were finally on the rise to reach 36K tons after two years of decline. The total export volume increased at an average annual rate of +2.3% from 2007 to 2021. In value terms, iodine exports were estimated at $1.1B (IndexBox estimates) in 2021. 

Exports by Country

Chile represented the main exporting country with the exports volume of around 18K tons, which accounted for 50% of total supplies. Belgium (7K tons) ranks second in the ranking with a 19% share, followed by Japan (14%) and the U.S. (5.1%). The Netherlands (1.3K tons) and Turkmenistan (0.7K tons) held a relatively small share of total volume.

In value terms, Chile ($602M) remains the largest iodine supplier worldwide, comprising 54% of global exports. Belgium ($206M), with a 19% share of total supplies, took the second position in the ranking. It was followed by Japan, with a 14% share.

In Chile, iodine exports expanded at an average annual rate of +4.2% over the period from 2007-2021. In the other countries, the average annual rates were as follows: Belgium (+9.1% per year) and Japan (+4.3% per year).

Iodine Export Prices by Country

In 2021, the average iodine export price amounted to $30,817 per ton, falling by -5.2% against the previous year. Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Chile ($33,218 per ton) and Japan ($29,792 per ton), while Turkmenistan ($23,540 per ton) and the U.S. ($27,912 per ton) were amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Leading Iodine Importers

In 2021, China (6.7K tons), distantly followed by Belgium (4.1K tons), the U.S. (4.1K tons), Norway (3.5K tons), India (3.4K tons), Italy (1.9K tons) and Germany (1.7K tons) represented the largest importers of iodine, together mixing up 75% of total purchases. France (1.5K tons), the Netherlands (1K tons), Brazil (1K tons), the UK (0.9K tons) and Canada (0.9K tons) occupied a minor share of total volume.

In value terms, China ($202M), Belgium ($140M) and the U.S. ($134M) constituted the countries with the highest levels of imports in 2021, together accounting for 45% of global supplies.

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Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global iodine market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Company coverage:

    Algorta Norte, K&O Iodine Co., Iochem, ACF Minera SA, Ise Chemicals Corporation, Britannica, GODO SHIGEN Co., Chiba Prefecture, RASA Industries, Reagents, Certified Safety Mfg, SAE Manufacturing Specialties Corp, Syndel, Alixirchem LLC, IodiTech, GFS Chemicals, Iofina Chemical, Air Products and Chemicals, AquaPhoenix Scientific, Spectrum Chemical Mfg. Corp., Barite0, Aldon Corporation, AIE Pharmaceuticals, A Brite Company, Espicorp Inc., All-Chemie, Chemlock Metals Corporation, Red Bird Supply

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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