Eastern Asia: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2023

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Eastern Asia

In 2021, the East Asian market for bromides and bromide oxides, iodides and iodide oxides increased by 11% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +36.1% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Eastern Asia

In value terms, bromides, iodides and oxids thereof production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 81%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports in Eastern Asia

Bromides, iodides and oxids thereof exports plummeted to X tons in 2021, shrinking by -23.7% compared with 2020 figures. In general, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2014 when exports increased by 41%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports reduced to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 28%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) was the major exporter of bromides and bromide oxides, iodides and iodide oxides, making up 62% of total exports. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 16% share, followed by Japan (16%) and South Korea (6.1%).

From 2012 to 2021, average annual rates of growth with regard to bromides, iodides and oxids thereof exports from China stood at -7.1%. At the same time, Japan (+8.2%), Taiwan (Chinese) (+8.1%) and South Korea (+4.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.2% from 2012-2021. Taiwan (Chinese) (+10 p.p.), Japan (+10 p.p.) and South Korea (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -23.6% from 2012 to 2021, respectively.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of exports in 2021, together accounting for 94% of total exports.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of +10.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, growing by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2016 an increase of 27%. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports in Eastern Asia

In 2021, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were imported in Eastern Asia; with an increase of 12% on the previous year. Overall, imports showed prominent growth. The growth pace was the most rapid in 2020 when imports increased by 60%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, bromides, iodides and oxids thereof imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.0% 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 +114.3% against 2015 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 24% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

China dominates imports structure, finishing at X tons, which was approx. 87% of total imports in 2021. It was distantly followed by South Korea (X tons), constituting a 7% share of total imports. The following importers - Japan (X tons) and Taiwan (Chinese) (X tons) - each reached a 6.2% share of total imports.

China was also the fastest-growing in terms of the bromides and bromide oxides, iodides and iodide oxides imports, with a CAGR of +27.6% from 2012 to 2021. At the same time, South Korea (+3.6%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. China (+40 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Japan and South Korea saw its share reduced by -9.1%, -12% and -17.7% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported bromides and bromide oxides, iodides and iodide oxides in Eastern Asia, comprising 67% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

In China, bromides, iodides and oxids thereof imports expanded at an average annual rate of +11.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-3.0% per year) and Taiwan (Chinese) (+0.1% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 8.7% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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