Angola: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

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

In 2021, the Angolan market for bromides and bromide oxides, iodides and iodide oxides decreased by -88.4% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption saw a sharp setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports from Angola

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides increased by 21% to X tons, rising for the third consecutive year after six years of decline. Over the period under review, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +135.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 55% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, bromides, iodides and oxids thereof exports amounted to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for bromides, iodides and oxids thereof exports from Angola, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +3.3%.

In value terms, Norway ($X) also remains the key foreign market for bromides and bromide oxides, iodides and iodide oxides exports from Angola.

From 2012 to 2021, the average annual growth rate of value to Norway totaled -4.9%.

Export Prices by Country

In 2021, the average export price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, shrinking by -17.1% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 21%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2021, the rate of growth in terms of prices for Congo amounted to +38.3% per year.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports into Angola

In 2021, supplies from abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -53.9% to X tons, falling for the fifth consecutive year after two years of growth. Overall, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2015 when imports increased by 393% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, bromides, iodides and oxids thereof imports dropped dramatically to $X in 2021. Over the period under review, imports faced a significant decrease. The pace of growth was the most pronounced in 2015 when imports increased by 288% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest bromides, iodides and oxids thereof supplier to Angola, accounting for a 32% share of total imports. Moreover, bromides, iodides and oxids thereof imports from France exceeded the figures recorded by the second-largest supplier, Jordan (X tons), twofold. The third position in this ranking was taken by Israel (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (-9.3% per year) and Israel (-18.4% per year).

In value terms, Israel ($X), Jordan ($X) and the United States ($X) constituted the largest bromides, iodides and oxids thereof suppliers to Angola, with a combined 65% share of total imports.

Jordan, with a CAGR of +1.1%, recorded 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 a decline.

Import Prices by Country

In 2021, the average import price for bromides and bromide oxides, iodides and iodide oxides amounted to $X per ton, increasing by 22% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% 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 +89.7% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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