ASEAN: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2025

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

In 2021, the ASEAN market for bromides and bromide oxides, iodides and iodide oxides increased by 21% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in ASEAN

In value terms, bromides, iodides and oxids thereof production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports in ASEAN

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides increased by 69% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports showed a resilient expansion. As a result, the exports attained 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. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 71% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

In 2021, Singapore (X tons) was the main exporter of bromides and bromide oxides, iodides and iodide oxides, constituting 48% of total exports. Lao People's Democratic Republic (X tons) took a 25% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (11%), Thailand (8%) and Brunei Darussalam (7%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +96.3%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest bromides, iodides and oxids thereof supplier in ASEAN, comprising 52% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 23% share of total exports. It was followed by Malaysia, with a 10% share.

In Singapore, bromides, iodides and oxids thereof exports increased at an average annual rate of +6.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+34.4% per year) and Malaysia (+5.0% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price recorded a mild setback. The most prominent rate of growth was recorded in 2018 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while Brunei Darussalam ($X per ton) and Lao People's Democratic Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-0.2%), while the other leaders experienced a decline in the export price figures.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports in ASEAN

In 2021, overseas purchases of bromides and bromide oxides, iodides and iodide oxides decreased by -4.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports totaled $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.4% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Malaysia (X tons) represented the key importer of bromides and bromide oxides, iodides and iodide oxides, creating 47% of total imports. Singapore (X tons) took the second position in the ranking, distantly followed by Brunei Darussalam (X tons), Indonesia (X tons) and Thailand (X tons). All these countries together held approx. 49% share of total imports. Myanmar (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +29.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 74% of total imports. Singapore, Brunei Darussalam and Myanmar lagged somewhat behind, together comprising a further 21%.

Myanmar, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, increasing by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform