Price for Bromides; of Sodium or of Potassium in Iran - 2022

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

In 2022, the average import price for bromides; of sodium or of potassia amounted to $4,099 per ton, reducing by -27% against the previous year. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 49%. Over the period under review, average import prices reached the peak figure at $7,530 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($36,932 per ton), while the price for South Korea ($2,836 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for bromides; of sodium or of potassia stood at $9,667 per ton in 2022, leveling off at the previous year. Overall, the export price showed resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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 +14.5% per year.

Imports of Bromides; of Sodium or of Potassium in Iran

In 2022, after two years of decline, there was significant growth in overseas purchases of bromides; of sodium or of potassia, when their volume increased by 802% to 21 tons. Over the period under review, imports, however, saw a abrupt decrease.

In value terms, imports of bromides; of sodium or of potassia skyrocketed to $88K in 2022. In general, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Bromides; of Sodium or of Potassium in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	46.2	35.4	10.6	49.1	2.1%
United Arab Emirates	N/A	2.0	1.1	28.9	280.1%
China	1.9	1.0	0.1	3.9	27.1%
Germany	24.3	5.3	1.0	2.2	-55.1%
Others	2.2	13.9	0.6	3.7	18.9%
Total	74.6	57.7	13.3	87.8	5.6%

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

South Korea (17.3 tons)
United Arab Emirates (3.4 tons)
China (0.5 tons)
Germany (0.1 tons)

Exports of Bromides; of Sodium or of Potassium in Iran

In 2022, approx. 102 kg of bromides; of sodium or of potassia were exported from Iran; leveling off at the year before. The total export volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 29%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, exports of bromides; of sodium or of potassia amounted to $986 in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 122%. The exports peaked in 2022 and are expected to retain growth in the immediate term.