Latvia: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Latvia

The Latvian iodine, fluorine and bromine market reduced notably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption showed a precipitous decrease. Iodine, fluorine and bromine consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Iodine, Fluorine And Bromine in Latvia

In value terms, iodine, fluorine and bromine production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Iodine, fluorine and bromine production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Iodine, Fluorine And Bromine

Exports from Latvia

In 2022, the amount of iodine, fluorine and bromine exported from Latvia expanded rapidly to X kg, picking up by X% against 2021. Overall, exports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, iodine, fluorine and bromine exports reached $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ukraine (X kg) was the main destination for iodine, fluorine and bromine exports from Latvia, accounting for a X% share of total exports. Moreover, iodine, fluorine and bromine exports to Ukraine exceeded the volume sent to the second major destination, Germany (X kg), eightfold.

From 2016 to 2022, the average annual rate of growth in terms of volume to Ukraine amounted to X%.

In value terms, Ukraine ($X) remains the key foreign market for iodine, fluorine and bromine exports from Latvia, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2016 to 2022, the average annual growth rate of value to Ukraine totaled X%.

Export Prices by Country

The average iodine, fluorine and bromine export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, showed a significant increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%).

Imports of Iodine, Fluorine And Bromine

Imports into Latvia

In 2022, the amount of iodine, fluorine and bromine imported into Latvia shrank remarkably to X kg, which is down by X% compared with 2021. In general, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, iodine, fluorine and bromine imports fell significantly to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X kg) was the main supplier of iodine, fluorine and bromine to Latvia, accounting for a X% share of total imports. Moreover, iodine, fluorine and bromine imports from Belgium exceeded the figures recorded by the second-largest supplier, Austria (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Germany (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of iodine, fluorine and bromine to Latvia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average iodine, fluorine and bromine import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate strong growth. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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