Asia: Iodine Market 2024

Iodine Market Size in Asia

The Asian iodine market soared to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, showed modest growth. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Iodine Production in Asia

In value terms, iodine production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Iodine Exports

Exports in Asia

In 2022, approx. X tons of iodine were exported in Asia; with an increase of X% against 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iodine exports skyrocketed to $X in 2022. Over the period under review, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Turkmenistan (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%) and Azerbaijan (X%). Singapore (X tons), India (X tons) and Turkey (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to iodine exports from Japan stood at X%. At the same time, Iran (X%), Turkey (X%), Singapore (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Turkmenistan experienced a relatively flat trend pattern. By contrast, India (X%) illustrated a downward trend over the same period. Turkmenistan (X p.p.), Iran (X p.p.), Singapore (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while India and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest iodine supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkmenistan ($X), with an X% share of total exports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkmenistan (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, iodine export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Iodine Imports

Imports in Asia

For the third year in a row, Asia recorded decline in overseas purchases of iodine, which decreased by X% to X tons in 2022. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, iodine imports surged to $X in 2022. Overall, imports, however, showed tangible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and India (X tons) prevails in imports structure, together committing X% of total imports. The following importers - South Korea (X tons) and Vietnam (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a mild descent. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per ton) and China ($X per ton), while South Korea ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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