Price for Iodides and Iodide Oxides in China - 2023
Contents:
- Price for Iodides and Iodide Oxides in China (CIF) - 2023
- Price for Iodides and Iodide Oxides in China (FOB) - 2022
- Imports of Iodides and Iodide Oxides in China
- Exports of Iodides and Iodide Oxides in China
Price for Iodides and Iodide Oxides in China (CIF) - 2023
The average iodides and iodide oxides import price stood at $60,928 per ton in September 2023, surging by 62% against the previous month. Over the period under review, import price indicated mild growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, iodides and iodide oxides import price increased by +62.2% against August 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($168K per ton), while the price for Japan ($42,300 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iodides and Iodide Oxides in China (FOB) - 2022
In 2022, the average iodides and iodide oxides export price amounted to $32,620 per ton, surging by 27% against the previous year. In general, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, the average export prices attained the maximum at $64,192 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($65,172 per ton), while the average price for exports to Indonesia ($4,465 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+73.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iodides and Iodide Oxides in China
In 2022, the amount of iodides and iodide oxideses imported into China contracted significantly to 1.7K tons, declining by -17.9% compared with the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. As a result, imports reached the peak of 2.1K tons, and then shrank rapidly in the following year.
In value terms, iodides and iodide oxides imports skyrocketed to $75M in 2022. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 62% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Iodides and Iodide Oxides in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 8.2 | 16.0 | 24.4 | 35.2 | 62.5% |
| Japan | 12.4 | 9.5 | 15.6 | 11.9 | -1.4% |
| India | 2.7 | 1.7 | 5.6 | 8.3 | 45.4% |
| United States | 3.2 | 4.8 | 7.0 | 7.7 | 34.0% |
| United Kingdom | 2.8 | 2.3 | 3.5 | 4.3 | 15.4% |
| Brazil | 1.8 | 2.7 | 3.0 | 3.5 | 24.8% |
| France | 0.8 | 0.5 | 2.1 | 2.8 | 51.8% |
| Taiwan (Chinese) | 1.6 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 1.9 | 2.7 | 1.5 | -12.0% |
| Total | 35.6 | 39.5 | 63.9 | 75.1 | 28.3% |
Top Suppliers of Iodides and Iodide Oxides to China in 2022:
- Chile (752.6 tons)
- Japan (465.4 tons)
- India (142.5 tons)
- United States (90.1 tons)
- United Kingdom (77.3 tons)
- Brazil (64.5 tons)
- France (56.5 tons)
Exports of Iodides and Iodide Oxides in China
Iodides and iodide oxides exports from China skyrocketed to 318 tons in 2022, with an increase of 57% against the year before. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 82%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, iodides and iodide oxides exports soared to $10M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iodides and Iodide Oxides in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 269 | 1,280 | 1,586 | 3,765 | 141.0% |
| United Arab Emirates | N/A | N/A | 120 | 1,294 | 978.3% |
| Qatar | N/A | 551 | 532 | 940 | 30.6% |
| Saudi Arabia | 88.0 | 63.1 | 248 | 593 | 88.9% |
| Thailand | 117 | 154 | 278 | 436 | 55.0% |
| South Korea | 733 | 335 | 132 | 392 | -18.8% |
| Indonesia | N/A | 30.4 | 31.7 | 65.4 | 46.7% |
| Sri Lanka | 236 | 427 | 3.5 | N/A | -87.8% |
| Taiwan (Chinese) | 180 | N/A | N/A | N/A | 0% |
| Others | 733 | 1,638 | 2,254 | 2,885 | 57.9% |
| Total | 2,357 | 4,479 | 5,184 | 10,371 | 63.9% |
Top Export Markets for Iodides and Iodide Oxides from China in 2022:
- Japan (175.5 tons)
- United Arab Emirates (29.2 tons)
- Saudi Arabia (20.0 tons)
- Indonesia (14.7 tons)
- Qatar (14.4 tons)
- Thailand (7.0 tons)
- South Korea (6.1 tons)
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