Argentina: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2023

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Argentina

The Argentinian market for bromides and bromide oxides, iodides and iodide oxides surged to $X in 2021, increasing by 53% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.4% against 2018 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Argentina

In 2021, shipments abroad of bromides and bromide oxides, iodides and iodide oxides increased by 254% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a abrupt decline. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports skyrocketed to $X in 2021. In general, exports continue to indicate mild growth. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons), Chile (X tons) and Guatemala (X kg) were the main destinations of bromides, iodides and oxids thereof exports from Argentina, together comprising 95% of total exports. The United States and Paraguay lagged somewhat behind, together accounting for a further 4.5%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Chile ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Argentina, comprising 49% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 20% share of total exports. It was followed by Guatemala, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-12.1% per year) and Guatemala (+13.9% per year).

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, shrinking by -15.2% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth appeared the most rapid in 2018 an increase of 143%. The export price peaked at $X per ton in 2020, and then reduced notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Argentina

In 2021, overseas purchases of bromides and bromide oxides, iodides and iodide oxides were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 91%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, bromides, iodides and oxids thereof imports skyrocketed to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.0% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 56%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of bromides, iodides and oxids thereof to Argentina, with a 63% share of total imports. Moreover, bromides, iodides and oxids thereof imports from Brazil exceeded the figures recorded by the second-largest supplier, Israel (X tons), threefold. The third position in this ranking was held by China (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled +35.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-3.4% per year) and China (+9.3% per year).

In value terms, the largest bromides, iodides and oxids thereof suppliers to Argentina were Brazil ($X), Chile ($X) and Israel ($X), together comprising 76% of total imports. These countries were followed by China, which accounted for a further 15%.

China, with a CAGR of +17.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, waning by -25.8% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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