Azerbaijan: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Azerbaijan

The Azerbaijani iodine, fluorine and bromine market shrank sharply to $X in 2022, dropping by X% against the previous year. In general, consumption, however, enjoyed a pronounced increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Iodine, Fluorine And Bromine in Azerbaijan

In value terms, iodine, fluorine and bromine production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Iodine, Fluorine And Bromine

Exports from Azerbaijan

In 2022, iodine, fluorine and bromine exports from Azerbaijan skyrocketed to X tons, with an increase of X% against 2021. Over the period under review, total exports indicated a moderate expansion 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iodine, fluorine and bromine exports soared to $X in 2022. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for iodine, fluorine and bromine exports from Azerbaijan, accounting for a X% share of total exports. Moreover, iodine, fluorine and bromine exports to Russia exceeded the volume sent to the second major destination, India (X tons), tenfold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for iodine, fluorine and bromine exports from Azerbaijan, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average iodine, fluorine and bromine export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated slight growth 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, fluorine and bromine export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to India ($X 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 Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports into Azerbaijan

In 2022, after four years of decline, there was significant growth in purchases abroad of iodine, fluorine and bromine, when their volume increased by X% to X kg. Overall, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X kg in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine imports surged to $X in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X kg) constituted the largest iodine, fluorine and bromine supplier to Azerbaijan, with a X% share of total imports. Moreover, iodine, fluorine and bromine imports from Russia exceeded the figures recorded by the second-largest supplier, Turkey (X kg), sixfold. The third position in this ranking was held by the United States (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, Russia ($X) constituted the largest supplier of iodine, fluorine and bromine to Azerbaijan, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

Import Prices by Country

The average iodine, fluorine and bromine import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, posted a resilient increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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