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Japan - Iodine - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Japan - Iodine - Market Analysis, Forecast, Size, Trends And Insights

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Sep 8, 2023

Japan Experiences a Surge in Iodine Prices, Reaching $52.4 per kg

Japan Iodine Export Price in July 2023

In July 2023, the iodine price amounted to $52,419 per ton (FOB, Japan), growing by 6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 18% m-o-m. Over the period under review, the average export prices attained the maximum in July 2023.

Prices varied noticeably by the country of destination: the country with the highest price was India ($64,676 per ton), while the average price for exports to Germany ($32,339 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Japan Iodine Export Prices By Country (USD Per Ton)
COUNTRYExport Price of Iodine in Japan (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
India50,80654,18556,49457,78057,32456,32260,62261,81962,75559,69161,36562,95464,676
China39,12448,02833,66043,83347,24843,20855,79257,36861,03959,35559,08653,50861,773
Italy34,42746,35546,79645,45948,39749,07560,08755,47556,53155,59955,62556,49859,186
France35,680N/A31,833N/AN/A52,50552,758N/A53,93949,057N/A55,82848,626
Norway30,10330,50129,09429,81731,49934,62638,47038,41535,06537,86336,21643,22046,592
Germany30,19635,49934,64835,83431,40453,11237,99440,11432,17256,75140,43931,51032,339
Canada51,21052,293N/AN/A61,08561,31864,321N/AN/A62,11961,449N/AN/A
Average36,90542,75637,90442,10641,62149,05550,76550,43851,40051,52250,10049,46052,419

Japan Iodine Exports

In July 2023, shipments abroad of iodine increased by 39% to 459 tons for the first time since April 2023, thus ending a two-month declining trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when exports increased by 78% against the previous month. As a result, the exports reached the peak of 599 tons. From January 2023 to July 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, iodine exports surged to $24M (IndexBox estimates) in July 2023. In general, total exports indicated a perceptible increase from July 2022 to July 2023: its value increased at an average monthly rate of +3.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, exports increased by +47.0% against June 2023 indices. The pace of growth appeared the most rapid in December 2022 with an increase of 110% m-o-m. As a result, the exports reached the peak of $29M. From January 2023 to July 2023, the growth of the exports remained at a somewhat lower figure.

Japan Iodine Exports by Country

Norway (180 tons) was the main destination for iodine exports from Japan, with a 39% share of total exports. Moreover, iodine exports to Norway exceeded the volume sent to the second major destination, China (83 tons), twofold. Italy (76 tons) ranked third in terms of total exports with a 17% share.

From July 2022 to July 2023, the average monthly growth rate of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: China (+4.2% per month) and Italy (+12.8% per month).

In value terms, Norway ($8.4M), China ($5.1M) and Italy ($4.5M) appeared to be the largest markets for iodine exported from Japan worldwide, with a combined 75% share of total exports.

Italy, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iodine market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Japan

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Japan
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023

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