Chile - Iodine - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

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

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Iodine Price in Chile - 2023

Contents:

  1. Iodine Price in Chile (FOB) - 2023
  2. Iodine Price in Chile (CIF) - 2022
  3. Iodine Exports in Chile
  4. Iodine Imports in Chile

Iodine Price in Chile (FOB) - 2023

The average iodine export price stood at $64,278 per ton in August 2023, stabilizing at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth appeared the most rapid in September 2022 an increase of 4.7% against the previous month. Over the period under review, the average export prices hit record highs at $67,895 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In August 2023, the countries with the highest prices were Brazil ($71,878 per ton) and China ($66,589 per ton), while the average price for exports to Belgium ($61,906 per ton) and the United States ($63,753 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Iodine Price in Chile (CIF) - 2022

In 2022, the average iodine import price amounted to $28,141 per ton, shrinking by -23.8% against the previous year. Overall, the import price, however, saw a perceptible increase. The pace of growth was the most pronounced in 2017 an increase of 219%. As a result, import price reached the peak level of $177,054 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($334,000 per ton), while the price for the United States ($32,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+354.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Iodine Exports in Chile

In 2022, the amount of iodine exported from Chile was estimated at 21K tons, almost unchanged from 2021. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 6.4%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, iodine exports soared to $1.1B in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Iodine in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China13016817129731.7%
Belgium12215812128132.1%
United States10013612019725.4%
India62.743.042.911321.7%
Netherlands28.128.335.970.335.8%
Brazil32.624.739.967.927.7%
Italy11.413.113.326.332.1%
Norway12.322.220.317.913.3%
Others47.568.415633.7-10.8%
Total5466627201,10526.5%

Top Export Markets for Iodine from Chile in 2022:

  1. China (5.6K tons)
  2. Belgium (5.3K tons)
  3. United States (4.0K tons)
  4. India (2.0K tons)
  5. Netherlands (1.2K tons)
  6. Brazil (1.1K tons)
  7. Italy (0.5K tons)
  8. Norway (0.3K tons)

Iodine Imports in Chile

In 2022, approx. 630 kg of iodine were imported into Chile; rising by 38% compared with the previous year. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 354%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, iodine imports expanded significantly to $18K in 2022. The total import value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 37%. As a result, imports attained the peak of $18K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Iodine in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1.42.10.110.595.7%
Germany10.415.515.73.9-27.9%
SpainN/A0.30.92.2170.8%
Others1.2N/A0.11.1-2.9%
Total13.017.916.817.710.8%

Top Suppliers of Iodine to Chile in 2022:

  1. United States (324.0 kg)
  2. Germany (101.0 kg)
  3. Spain (14.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iodine market in Chile. 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:

    • Chile

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Chile
    • 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
    • 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. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. 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. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

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

      The Largest Destinations for Exports

      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. 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 In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

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