Eastern Asia: Iodine Market 2024

Iodine Market Size in Eastern Asia

The East Asian iodine market soared to $X in 2022, jumping by X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Iodine Production in Eastern Asia

In value terms, iodine production fell slightly to $X in 2022 estimated in export price. Overall, production showed a slight contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Iodine Exports

Exports in Eastern Asia

In 2022, the amount of iodine exported in Eastern Asia rose modestly to X tons, surging by X% on the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, iodine exports skyrocketed to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value 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 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. South Korea (X tons) followed a long way behind the leaders.

Japan was also the fastest-growing in terms of the iodine exports, with a CAGR of X% from 2012 to 2022. South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of Japan increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Japan, iodine exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a measured 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 reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Iodine Imports

Imports in Eastern Asia

In 2022, approx. X tons of iodine were imported in Eastern Asia; waning by X% on 2021. Total imports indicated a perceptible 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 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, iodine imports surged to $X in 2022. In general, imports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

China dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the iodine imports, with a CAGR of X% from 2012 to 2022. South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported iodine in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, saw a mild contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while South Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :