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

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

In 2021, the Indonesian market for bromides and bromide oxides, iodides and iodide oxides was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a notable expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Indonesia

Bromides, iodides and oxids thereof exports from Indonesia soared to X tons in 2021, rising by 114% against 2020. 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.

In value terms, bromides, iodides and oxids thereof exports soared to $X in 2021. In general, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for bromides, iodides and oxids thereof exports from Indonesia, accounting for a 95% share of total exports. Moreover, bromides, iodides and oxids thereof exports to Malaysia exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.0% per year) and Singapore (-32.2% per year).

In value terms, Malaysia ($X) remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Indonesia, comprising 94% of total exports. The second position in the ranking was taken by China ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-6.5% per year) and Singapore (-35.0% 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, surging by 9% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Singapore ($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 Malaysia (+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 Indonesia

For the third year in a row, Indonesia recorded decline in supplies from abroad of bromides and bromide oxides, iodides and iodide oxides, which decreased by -4.4% to X tons in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 101%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 51%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X tons), Israel (X tons) and the Netherlands (X tons) were the main suppliers of bromides, iodides and oxids thereof imports to Indonesia, together accounting for 55% of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +25.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof suppliers to Indonesia were Thailand ($X), India ($X) and Israel ($X), together accounting for 59% of total imports.

In terms of the main suppliers, Israel, with a CAGR of +26.7%, recorded 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

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, growing by 31% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bromides, iodides and oxids thereof import price increased by +106.7% against 2016 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for the Netherlands ($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 United Arab Emirates (+153.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :