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Iodine Market

Iodine market: get access to newly released statistics powered by an Ai-driven BI platform. Datasets cover market size, imports, companies, consumption, trade, production, market prices, and exports. There is a breakdown by country, including the U.K., the Middle East, EU, China, Latin America, Africa, Russia, and the U.S. Market dynamics and forecast to 2030 are also provided in the reports.

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Iodine - World's Largest Markets

Rating	Country
1	China
2	Japan
3	Chile
4	United States
5	India

In value terms, the largest iodine markets worldwide were China, Japan and Chile, together accounting for 41% of the global market.

In terms of the main consuming countries, Chile (+145.1% per year) saw the highest growth rate of market size, over the period under review, while iodine market for the other global leaders experienced more modest paces of growth.

Iodine Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Turkmenistan	25087	28713	23540	-3.1%
United States	24517	27111	27912	6.7%
Netherlands	28751	34856	28576	-0.3%
Belgium	28222	36097	29593	2.4%
Japan	23826	28429	29792	11.8%
Chile	26907	33318	33218	11.1%
Average	26569	32514	30817	7.7%

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 United States ($27,912 per ton) were amongst the lowest.

From 2019 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.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
United Kingdom	28816	34514	35902	11.6%
France	27304	32748	34449	12.3%
Brazil	27166	32646	34053	12.0%
Belgium	27372	34758	33947	11.4%
Italy	27047	35038	33456	11.2%
India	27102	33560	32941	10.2%
Netherlands	25148	30227	32868	14.3%
United States	26376	31384	32531	11.1%
Germany	27173	32008	31969	8.5%
China	26972	33488	30243	5.9%
Norway	26062	32727	29232	5.9%
Canada	22863	15730	18261	-10.6%
Average	26713	32579	31302	8.2%

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($35,902 per ton), while Canada ($18,261 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Iodine - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
China	0.2	0.2	0.2	5.3%
Belgium	0.1	0.2	0.1	2.6%
United States	0.1	0.1	0.1	8.6%
India	0.1	0.1	0.1	-1.0%
Norway	0.1	0.1	0.1	3.4%

In value terms, the largest iodine importing markets worldwide were China ($202M), Belgium ($140M) and the United States ($134M), together accounting for 45% of global imports. These countries were followed by India, Norway, Italy, Germany, France, Brazil, the UK, the Netherlands and Canada, which together accounted for a further 47%.

Among the main importing countries, France recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Iodine - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
Chile	0.5	0.7	0.6	5.1%
Belgium	0.1	0.2	0.2	20.2%
Japan	0.1	0.1	0.2	12.4%
United States	0.04	0.04	0.05	18.6%
Netherlands	0.03	0.03	0.04	14.9%

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

In Chile, iodine exports expanded at an average annual rate of +5.1% over the period from 2019-2021. In the other countries, the average annual rates were as follows: Belgium (+20.2% per year) and Japan (+12.4% per year).

Iodine - Market Forecast

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 for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.