Report Update: May 1, 2024

Republic of Korea - Bromides And Bromide Oxides, Iodides And Iodide Oxides - Market Analysis, Forecast, Size, Trends And Insights

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Price for Bromides, Iodides and Oxids Thereof in South Korea - 2022

Price for Bromides, Iodides and Oxids Thereof in South Korea (CIF) - 2022

In 2022, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $11,565 per ton, flattening at the previous year. Overall, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17% against the previous year. The import price peaked at $20,571 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($29,997 per ton), while the price for Taiwan (Chinese) ($3,570 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.1%), while the prices for the other major suppliers experienced a decline.

Price for Bromides, Iodides and Oxids Thereof in South Korea (FOB) - 2022

The average export price for bromides and bromide oxides, iodides and iodide oxides stood at $4,509 per ton in December 2022, reducing by -15.6% against the previous month. In general, the export price, however, enjoyed a prominent expansion. The growth pace was the most rapid in January 2022 an increase of 137% m-o-m. Over the period under review, the average export prices attained the peak figure at $7,212 per ton in October 2022; however, from November 2022 to December 2022, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was India ($16,327 per ton), while the average price for exports to Japan ($1,290 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides, Iodides and Oxids Thereof in South Korea

In 2022, overseas purchases of bromides and bromide oxides, iodides and iodide oxides were finally on the rise to reach 3.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a perceptible curtailment.

In value terms, bromides, iodides and oxids thereof imports rose slightly to $36M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 7.7% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Bromides, Iodides and Oxids Thereof in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	17.1	18.2	18.5	18.5	2.7%
United States	4.0	4.0	4.1	4.2	1.6%
China	2.1	2.3	3.2	3.4	17.4%
Chile	2.2	1.9	2.7	2.7	7.1%
India	0.8	1.7	1.6	1.6	26.0%
Israel	1.3	1.2	1.0	1.2	-2.6%
Taiwan (Chinese)	1.4	0.9	0.2	0.8	-17.0%
Others	1.8	2.2	3.4	3.8	28.3%
Total	30.6	32.3	34.8	36.2	5.8%

Top Suppliers of Bromides, Iodides and Oxids Thereof to South Korea in 2022:

Japan (1266.5 tons)
China (600.5 tons)
United States (430.4 tons)
Israel (347.4 tons)
Taiwan (Chinese) (218.8 tons)
Chile (90.1 tons)
India (63.6 tons)

Exports of Bromides, Iodides and Oxids Thereof in South Korea

In 2022, exports of bromides and bromide oxides, iodides and iodide oxides from South Korea fell sharply to 883 tons, which is down by -19.7% on the year before. Overall, exports faced a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 21%.

In value terms, bromides, iodides and oxids thereof exports reduced notably to $4.5M in 2022. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year.

Export of Bromides, Iodides and Oxids Thereof in South Korea (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	2,200	1,902	2,163	1,505	-11.9%
China	1,532	911	1,604	1,134	-9.5%
India	1,293	549	406	472	-28.5%
United States	1,075	351	583	423	-26.7%
Brazil	385	191	297	277	-10.4%
Chile	251	185	181	119	-22.0%
Others	1,133	594	708	522	-22.8%
Total	7,871	4,683	5,941	4,452	-17.3%

Top Export Markets for Bromides, Iodides and Oxids Thereof from South Korea in 2022:

Japan (570.9 tons)
China (152.0 tons)
India (59.9 tons)
United States (28.2 tons)
Chile (22.0 tons)
Brazil (18.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bromides, iodides and oxids thereof in Republic of Korea. 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:

Prodcom 20133170 - Bromides and bromide oxides, iodides and iodide oxides

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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