Czech Republic: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2023

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in the Czech Republic

In 2021, the Czech market for bromides and bromide oxides, iodides and iodide oxides increased by 145% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from the Czech Republic

In 2021, the amount of bromides and bromide oxides, iodides and iodide oxides exported from the Czech Republic skyrocketed to X tons, rising by 73% on the previous year. In general, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.1% against 2019 indices. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2019 with an increase of 111% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Belgium (X tons) and Italy (X tons) were the main destinations of bromides, iodides and oxids thereof exports from the Czech Republic, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +21.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from the Czech Republic, comprising 69% of total exports. The second position in the ranking was held by Romania ($X), with a 14% share of total exports. It was followed by Slovakia, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-2.7% per year) and Slovakia (-19.4% 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, picking up by 11% against the previous year. In general, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 51%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Ireland ($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 Slovakia (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into the Czech Republic

In 2021, overseas purchases of bromides and bromide oxides, iodides and iodide oxides increased by 128% to X tons, rising for the third year in a row after two years of decline. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bromides, iodides and oxids thereof imports surged to $X in 2021. In general, imports showed a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of bromides, iodides and oxids thereof to the Czech Republic, with a 52% share of total imports. Moreover, bromides, iodides and oxids thereof imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.1% per year) and the Netherlands (+5.1% per year).

In value terms, the largest bromides, iodides and oxids thereof suppliers to the Czech Republic were the UK ($X), Germany ($X) and Canada ($X), together comprising 64% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +25.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bromides and bromide oxides, iodides and iodide oxides stood at $X per ton in 2021, picking up by 17% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 an increase of 71%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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