Greece: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2023

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Greece

The Greek market for bromides and bromide oxides, iodides and iodide oxides rose sharply to $X in 2021, with an increase of 10% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Greece

In value terms, bromides, iodides and oxids thereof production expanded notably to $X in 2021 estimated in export price. Overall, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 56%. Bromides, iodides and oxids thereof production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Greece

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides decreased by -69.6% to X kg, falling for the third consecutive year after two years of growth. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2014 with an increase of 2,086% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports fell notably to $X in 2021. Over the period under review, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2017 with an increase of 2,284%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Cyprus (X kg) was the main destination for bromides, iodides and oxids thereof exports from Greece, accounting for a 73% share of total exports. Moreover, bromides, iodides and oxids thereof exports to Cyprus exceeded the volume sent to the second major destination, Slovenia (X kg), sixfold. The third position in this ranking was taken by Poland (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus totaled +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-11.5% per year) and Poland (0.0% per year).

In value terms, the largest markets for bromides, iodides and oxids thereof exported from Greece were Cyprus ($X), Slovenia ($X) and Poland ($X), together accounting for 98% of total exports.

In terms of the main countries of destination, Cyprus, with a CAGR of +72.8%, 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

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, with an increase of 94% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2020 an increase of 207% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per ton), while the average price for exports to Poland ($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 Italy (+46.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Greece

In 2021, purchases abroad of bromides and bromide oxides, iodides and iodide oxides increased by 18% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by 72%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Greece, together comprising 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +46.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to Greece were Belgium ($X), the Netherlands ($X) and Italy ($X), together accounting for 80% of total imports.

Belgium, with a CAGR of +36.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, picking up by 3.6% against the previous year. Overall, the import price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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