Overview of the Global Market for Iodine, Fluorine And Bromine

Market Size for Iodine, Fluorine And Bromine

In 2021, the global iodine, fluorine and bromine market increased by 10% to $X, rising for the fourth year in a row after five years of decline. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the maximum level in 2021 and is expected to retain growth in years to come.

Production of Iodine, Fluorine And Bromine

In value terms, iodine, fluorine and bromine production dropped to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 20%. As a result, production reached the peak level of $X, and then contracted in the following year.

Exports of Iodine, Fluorine And Bromine

Exports

After two years of growth, shipments abroad of iodine, fluorine and bromine decreased by -12.7% to X tons in 2021. Overall, exports saw a perceptible downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 28%. Over the period under review, the global exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, iodine, fluorine and bromine exports contracted slightly to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. Over the period under review, the global exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Israel (X tons), Belgium (X tons), Chile (X tons), Jordan (X tons) and India (X tons), together resulting at 85% of total export. Japan (X tons) held a 5.9% share (based on physical terms) of total exports, which put it in second place, followed by the United States (5.2%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +60.0%), while the other global leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest iodine, fluorine and bromine supplier worldwide, comprising 40% of global exports. The second position in the ranking was taken by Belgium ($X), with a 16% share of global exports. It was followed by Israel, with a 14% share.

In Chile, iodine, fluorine and bromine exports declined by an average annual rate of -4.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+0.4% per year) and Israel (+8.0% per year).

Export Prices by Country

In 2021, the average iodine, fluorine and bromine export price amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, iodine, fluorine and bromine export price increased by +123.0% against 2017 indices. The growth pace was the most rapid in 2018 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+16.5%), while the other global leaders experienced more modest paces of growth.

Imports of Iodine, Fluorine And Bromine

Imports

For the third year in a row, the global market recorded growth in supplies from abroad of iodine, fluorine and bromine, which increased by 9.5% to X tons in 2021. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 14%. Over the period under review, global imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, iodine, fluorine and bromine imports expanded sharply to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 18%. Over the period under review, global imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) represented the major importer of iodine, fluorine and bromine, comprising 41% of total imports. It was distantly followed by Belgium (X tons), Free Zones (X tons), India (X tons) and France (X tons), together achieving a 38% share of total imports. The UK (X tons), the United States (X tons), Norway (X tons), Canada (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iodine, fluorine and bromine imports into China stood at +11.0%. At the same time, Singapore (+32.6%), Norway (+9.5%), India (+5.5%) and Free Zones (+5.4%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in the world, with a CAGR of +32.6% from 2012-2021. Canada experienced a relatively flat trend pattern. By contrast, France (-3.3%), Belgium (-4.0%), the United States (-5.3%) and the UK (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Free Zones, India and Singapore increased by +20, +2.1, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported iodine, fluorine and bromine worldwide, comprising 31% of global imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of global imports. It was followed by India, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +5.9%. In the other countries, the average annual rates were as follows: Belgium (-5.8% per year) and India (-1.4% per year).

Import Prices by Country

The average iodine, fluorine and bromine import price stood at $X per ton in 2021, which is down by -3.8% against the previous year. Overall, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per ton), while Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Free Zones (+6.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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