Asia-Pacific: Market for Iodine, Fluorine And Bromine 2024

Market Size for Iodine, Fluorine And Bromine in Asia-Pacific

The Asia-Pacific iodine, fluorine and bromine market amounted to $X in 2021, with an increase of 11% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +77.4% against 2015 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Production of Iodine, Fluorine And Bromine in Asia-Pacific

In value terms, iodine, fluorine and bromine production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable downturn. The growth pace was the most rapid in 2020 when the production volume increased by 11% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Iodine, Fluorine And Bromine

Exports in Asia-Pacific

In 2021, overseas shipments of iodine, fluorine and bromine increased by 28% to X tons, rising for the seventh consecutive year after two years of decline. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 55% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, iodine, fluorine and bromine exports surged to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.5% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India represented the main exporting country with an export of about X tons, which finished at 58% of total exports. Japan (X tons) ranks second in terms of the total exports with a 34% share, followed by China (5.8%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of +46.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X) remains the largest iodine, fluorine and bromine supplier in Asia-Pacific, comprising 72% of total exports. The second position in the ranking was held by India ($X), with a 21% share of total exports.

In Japan, iodine, fluorine and bromine exports increased at an average annual rate of +3.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+26.5% per year) and China (-5.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, shrinking by -8.2% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-3.4%), while the other leaders experienced a decline in the export price figures.

Imports of Iodine, Fluorine And Bromine

Imports in Asia-Pacific

In 2021, approx. X tons of iodine, fluorine and bromine were imported in Asia-Pacific; jumping by 15% compared with the year before. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 38%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, iodine, fluorine and bromine imports surged to $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 +114.9% against 2015 indices. The growth pace was the most rapid in 2019 when imports increased by 37%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

China represented the key importing country with an import of around X tons, which accounted for 77% of total imports. It was distantly followed by India (X tons), creating a 17% share of total imports. The following importers - Singapore (X tons) and Japan (X tons) - together made up 5.2% of total imports.

Imports into China increased at an average annual rate of +11.0% from 2012 to 2021. At the same time, Singapore (+75.1%) and India (+5.3%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +75.1% from 2012-2021. By contrast, Japan (-5.2%) illustrated a downward trend over the same period. China (+9.2 p.p.) and Singapore (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Japan and India saw its share reduced by -4.4% and -6.9% from 2012 to 2021, respectively.

In value terms, China ($X) constitutes the largest market for imported iodine, fluorine and bromine in Asia-Pacific, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 22% share of total imports. It was followed by Singapore, with a 2.6% share.

In China, iodine, fluorine and bromine imports increased at an average annual rate of +5.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: India (-1.4% per year) and Singapore (+42.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, leveling off at the previous year. In general, the import price, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 an increase of 11% 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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