Australia and Oceania: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in Australia and Oceania

The market for bromides and bromide oxides, iodides and iodide oxides in Australia and Oceania declined notably to $X in 2021, which is down by -39.5% against the previous year. Over the period under review, consumption, however, showed a measured expansion. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in Australia and Oceania

In value terms, bromides, iodides and oxids thereof production surged to $X in 2021 estimated in export price. In general, production saw buoyant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 84%. The level of production peaked 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 Australia and Oceania

In 2021, overseas shipments of bromides and bromide oxides, iodides and iodide oxides increased by 92% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 274% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, bromides, iodides and oxids thereof exports surged to $X in 2021. Over the period under review, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 268%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) represented the major exporter of bromides and bromide oxides, iodides and iodide oxides, committing 90% of total exports. It was distantly followed by New Zealand (X tons), creating a 10% share of total exports.

Australia was also the fastest-growing in terms of the bromides and bromide oxides, iodides and iodide oxides exports, with a CAGR of +6.9% from 2012 to 2021. At the same time, New Zealand (+5.2%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest bromides, iodides and oxids thereof supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was held by New Zealand ($X), with an 8.5% share of total exports.

In Australia, bromides, iodides and oxids thereof exports declined by an average annual rate of -7.1% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, falling by -34.6% against the previous year. Over the period under review, the export price faced a drastic downturn. The pace of growth was the most pronounced in 2018 when the export price increased by 26% 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 failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%).

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports in Australia and Oceania

In 2021, after three years of growth, there was significant decline in overseas purchases of bromides and bromide oxides, iodides and iodide oxides, when their volume decreased by -50.5% to X tons. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2014 with an increase of 126%. Over the period under review, imports attained the maximum at X tons in 2020, and then shrank remarkably in the following year.

In value terms, bromides, iodides and oxids thereof imports declined markedly to $X in 2021. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 97%. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2021, Australia (X tons) represented the main importer of bromides and bromide oxides, iodides and iodide oxides, committing 80% of total imports. It was distantly followed by Papua New Guinea (X tons), constituting a 16% share of total imports. New Zealand (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, Papua New Guinea (+41.9%) and New Zealand (+6.5%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +41.9% from 2012-2021. Papua New Guinea (+15 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -14.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported bromides and bromide oxides, iodides and iodide oxides in Australia and Oceania, comprising 80% of total imports. The second position in the ranking was held by New Zealand ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -3.2%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+2.5% per year) and Papua New Guinea (+19.2% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, increasing by 9.4% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by 70% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-3.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :