Price for Bromides; of Sodium or of Potassium in Chile - 2024

Price for Bromides; of Sodium or of Potassium in Chile (CIF) - 2022

The average import price for bromides; of sodium or of potassia stood at $7,830 per ton in 2022, increasing by 53% against the previous year. Overall, the import price enjoyed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($14,231 per ton), while the price for the United States ($3,307 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Bromides; of Sodium or of Potassium in Chile (FOB) - 2022

The average export price for bromides; of sodium or of potassia stood at $808 per ton in 2022, with an increase of 2.5% against the previous year. In general, the export price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 6.6%. The export price peaked at $1,577 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to -6.5% per year.

Imports of Bromides; of Sodium or of Potassium in Chile

Imports of bromides; of sodium or of potassia into Chile fell to 15 tons in 2022, declining by -5.1% on the previous year. Overall, imports continue to indicate a dramatic curtailment.

In value terms, imports of bromides; of sodium or of potassia skyrocketed to $120K in 2022. Over the period under review, imports showed a deep setback.

Import of Bromides; of Sodium or of Potassium in Chile (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Israel	73.9	38.7	43.0	87.9	6.0%
China	4.8	7.6	3.7	4.6	-1.4%
India	1.0	2.0	0.4	2.8	40.9%
United States	51.6	14.9	6.3	2.4	-64.0%
Brazil	2.2	2.0	12.5	N/A	138.4%
Others	14.8	15.3	16.4	22.0	14.1%
Total	148	80.6	82.2	120	-6.8%

Top Suppliers of Bromides; of Sodium or of Potassium to Chile in 2022:

Israel (13.8 tons)
United States (0.7 tons)
India (0.3 tons)
China (0.3 tons)

Exports of Bromides; of Sodium or of Potassium in Chile

For the third consecutive year, Chile recorded decline in overseas shipments of bromides; of sodium or of potassia, which decreased by -21.2% to 26 kg in 2022. Overall, exports continue to indicate a sharp reduction. The smallest decline of -19.5% was in 2021.

In value terms, exports of bromides; of sodium or of potassia reduced dramatically to $21 in 2022. Over the period under review, exports showed a abrupt decrease. The smallest decline of -18.8% was in 2021.