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

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

For the sixth year in a row, the Asian market for bromides and bromide oxides, iodides and iodide oxides recorded growth in sales value, which increased by 8.2% to $X in 2021. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in the immediate term.

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

In value terms, bromides, iodides and oxids thereof production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports in Asia

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides decreased by -3.1% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 63%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof exports fell slightly to $X in 2021. Total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 decreased by -26.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 23%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X tons) and Jordan (X tons) represented roughly 66% of total exports in 2021. It was distantly followed by India (X tons), China (X tons) and Singapore (X tons), together making up a 22% share of total exports. Lao People's Democratic Republic (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +43.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bromides, iodides and oxids thereof supplying countries in Asia were Israel ($X), Jordan ($X) and India ($X), together comprising 64% of total exports. These countries were followed by China, Singapore, Lao People's Democratic Republic and Taiwan (Chinese), which together accounted for a further 18%.

Lao People's Democratic Republic, with a CAGR of +34.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2015 an increase of 23%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+3.1%), while the other leaders experienced more modest paces of growth.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports in Asia

In 2021, supplies from abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -5.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.9% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 35%. The volume of import peaked at X tons in 2020, and then contracted in the following year.

In value terms, bromides, iodides and oxids thereof imports stood at $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.7% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of 20%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons), distantly followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Malaysia (X tons) represented the key importers of bromides and bromide oxides, iodides and iodide oxides, together constituting 73% of total imports. Azerbaijan (X tons), Qatar (X tons), Singapore (X tons), South Korea (X tons), India (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +27.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported bromides and bromide oxides, iodides and iodide oxides in Asia, comprising 38% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by South Korea, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +11.0%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+18.4% per year) and South Korea (-3.0% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 7.9% against the previous year. In general, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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