World - Iodine - Market Analysis, Forecast, Size, Trends And Insights
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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 tonnes, 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 tonnes 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 tonnes), comprising approx. 63% of total volume. Moreover, iodine production in Chile exceeded the figures recorded by the second-largest producer, Japan (9K tonnes), twofold. The U.S. (1.1K tonnes), 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 tonnes by the end of 2030.

Iodine Exports

In 2021, overseas shipments of iodine were finally on the rise to reach 36K tonnes 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 tonnes, which accounted for 50% of total supplies. Belgium (7K tonnes) ranks second in the ranking with a 19% share, followed by Japan (14%) and the U.S. (5.1%). The Netherlands (1.3K tonnes) and Turkmenistan (0.7K tonnes) 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 tonne, 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 tonne) and Japan ($29,792 per tonne), while Turkmenistan ($23,540 per tonne) and the U.S. ($27,912 per tonne) 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 tonnes), distantly followed by Belgium (4.1K tonnes), the U.S. (4.1K tonnes), Norway (3.5K tonnes), India (3.4K tonnes), Italy (1.9K tonnes) and Germany (1.7K tonnes) represented the largest importers of iodine, together mixing up 75% of total purchases. France (1.5K tonnes), the Netherlands (1K tonnes), Brazil (1K tonnes), the UK (0.9K tonnes) and Canada (0.9K tonnes) 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.

Source: IndexBox 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 2025.


Product coverage:

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

Reasons to buy this report:
• Take advantage of the latest data
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• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

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
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Physical Terms, By Country, 2007–2021
Table 7:
Imports, In Value Terms, By Country, 2007–2021
Table 8:
Import Prices, By Country Of Destination, 2007–2021
Table 9:
Exports, In Physical Terms, By Country, 2007–2021
Table 10:
Exports, In Value Terms, By Country, 2007–2021
Table 11:
Export Prices, By Country Of Origin, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2021
Figure 17:
Production, In Value Terms, 2007–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2007–2021
Figure 20:
Imports, In Physical Terms, 2007–2021
Figure 21:
Imports, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2007–2021
Figure 24:
Imports, In Value Terms, By Country, 2007–2021
Figure 25:
Import Prices, By Country, 2007–2021
Figure 26:
Exports, In Physical Terms, 2007–2021
Figure 27:
Exports, In Value Terms, 2007–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2007–2021
Figure 30:
Exports, In Value Terms, By Country, 2007–2021
Figure 31:
Export Prices, 2007–2021
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