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

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

The Asia-Pacific market for bromides and bromide oxides, iodides and iodide oxides rose significantly to $X in 2021, surging by 7% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

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

In value terms, bromides, iodides and oxids thereof production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 35% 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-Pacific

Bromides, iodides and oxids thereof exports rose markedly to X tons in 2021, picking up by 6.4% against the previous year's figure. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 -2.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), China (X tons) and Singapore (X tons) represented roughly 67% of total exports in 2021. Lao People's Democratic Republic (X tons) ranks next in terms of the total exports with a 10% share, followed by Taiwan (Chinese) (5.2%) and Japan (5%). Malaysia (X tons) held a little share of total exports.

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, India ($X), Japan ($X) and China ($X) were the countries with the highest levels of exports in 2021, together accounting for 74% of total exports. Singapore, Lao People's Democratic Republic, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 20%.

Lao People's Democratic Republic, with a CAGR of +34.4%, recorded the highest growth rate of the value of exports, in terms of 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-Pacific stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2016 an increase of 16%. The level of export peaked 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 Japan ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports in Asia-Pacific

In 2021, supplies from abroad of bromides and bromide oxides, iodides and iodide oxides decreased by -2% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 68%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, bromides, iodides and oxids thereof imports rose notably to $X in 2021. Total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 +85.4% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) represented the main importer of bromides and bromide oxides, iodides and iodide oxides, achieving 56% of total imports. It was distantly followed by Malaysia (X tons), Singapore (X tons) and Australia (X tons), together mixing up a 23% share of total imports. South Korea (X tons), India (X tons), Brunei Darussalam (X tons), Indonesia (X tons), Japan (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the bromides and bromide oxides, iodides and iodide oxides imports, with a CAGR of +27.6% from 2012 to 2021. At the same time, Brunei Darussalam (+12.5%), Thailand (+11.6%), Australia (+4.6%), South Korea (+3.6%) and Taiwan (Chinese) (+1.6%) displayed positive paces of growth. Japan and Indonesia experienced a relatively flat trend pattern. By contrast, Malaysia (-1.7%), Singapore (-3.2%) and India (-4.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +43 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported bromides and bromide oxides, iodides and iodide oxides in Asia-Pacific, comprising 49% of total imports. The second position in the ranking was held by South Korea ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with an 8.6% share.

In China, bromides, iodides and oxids thereof imports increased at an average annual rate of +11.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-3.0% per year) and Taiwan (Chinese) (+0.1% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 15% against the previous year. Overall, the import price, however, showed a perceptible slump. The growth pace was the most rapid in 2018 when the import price increased by 19% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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